Codorus Valley Bancorp adds Kent Matsumoto and Scott Fainor to its Board of Directors

– USA, PA –  Codorus Valley Bancorp, Inc. (Nasdaq: CVLY), the parent company of PeoplesBank today announced the appointments of Kent Matsumoto and Scott Fainor to its Board of Directors, effective June 14, 2022.

“The Board of Directors is pleased that Kent and Scott have agreed to join the Codorus Valley Bancorp, Inc. Board. Their extensive experience in board governance and the financial services industry will be invaluable as we seek to continue to grow the Company and enhance shareholder value,” said Board Chair, Cynthia Dotzel.

Scott Fainor will also join the Risk Management Committee, while Kent Matsumoto will join the Corporate Governance and Nominating Committee.

About Kent K. Matsumoto

Mr. Matsumoto has been on the Board of PeoplesBank since September 2021.

Mr. Matsumoto spent 36 years as legal counsel for several publicly held companies and has a broad knowledge of corporate governance. Most recently, he has worked with Viatris Inc., P.H. Glatfelter Company, and Wolters Kluwer Health and Pharma Solutions.

Mr. Matsumoto graduated from the University of Michigan Law School and the University of Virginia and lives in Wilmington, Delaware.

About Scott V. Fainor

Mr. Fainor is Chairman of Fainor Holdings, a company he launched in 2019 following a distinguished career as a bank executive for 39 years. Most recently, he served as a Group Executive of BB&T after serving as President and CEO of the public company National Penn Bancshares, Inc. Mr.

Fainor holds a Bachelor of Science degree in Marketing and Finance from DeSales University, where he formerly served as a Trustee.

About Codorus Valley Bancorp, Inc.

Codorus Valley Bancorp, Inc. is the largest independent financial services holding company headquartered in York, Pennsylvania. Codorus Valley primarily operates through its financial services subsidiary, PeoplesBank, A Codorus Valley Company. PeoplesBank offers a full range of consumer, business, wealth management, and mortgage services at financial centers located in communities throughout South Central Pennsylvania and Central Maryland.

For more information: https://www.peoplesbanknet.com/

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