UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) -- April 16, 2007 --------------- CODORUS VALLEY BANCORP, INC. ---------------------------- (Exact name of registrant as specified in its charter) Pennsylvania 0-15536 23-2428543 ------------ ------- ---------- (State or other (Commission File (IRS Employer jurisdiction of Number) Number) of incorporation) 105 Leader Heights Road P.O. Box 2887 York, Pennsylvania 17405-2887 ------------------ ---------- (Address of principal executive offices) (Zip code) 717-747-1519 ------------ (Registrant's telephone number including area code) N/A --- (Former name or address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) CODORUS VALLEY BANCORP, INC. FORM 8-K ITEM 8.01 OTHER EVENTS On April 16, 2007, Codorus Valley Bancorp, Inc. (Codorus Valley) issued a press release, attached as Exhibit 99.1, announcing (i) the declaration of a regular quarterly cash dividend of $.135 per share and a 5% stock dividend and (ii) the early adoption of Statements of Financial Accounting Standards No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities" and No. 157, "Fair Value Measurement" pertaining to a $5 million Federal Home Loan Bank advance. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. No. Description --- ----------- 99.1 Press release of Codorus Valley Bancorp, Inc., dated April 16, 2007. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Codorus Valley Bancorp, Inc. (Registrant) Date: April 16, 2007 /s/ Larry J. Miller --------------------- ------------------- Larry J. Miller President and Chief Executive Officer (Principal Executive Officer) EXHIBIT INDEX Exhibit ------- 99.1 Press release of Codorus Valley Bancorp, Inc., dated April 16, 2007.