EXHIBIT 21

SUBSIDIARIES OF CODORUS VALLEY BANCORP, INC.

1.      PeoplesBank, A Codorus Valley Company – 100% owned 

(chartered in Pennsylvania) 

105-109 Leader Heights Road 

York, PA 17403

2.      SYC Realty Company, Inc. – 100% owned 

(incorporated in Pennsylvania) 

1 Manchester Street, P.O. Box 67 

Glen Rock, Pennsylvania 17327

3.     CVB Statutory Trust I – 100% owned (1) 

(formed in Delaware) 

Trustee: 

Wilmington Trust Company 

Rodney Square North 

1100 North Market Street 

Wilmington, Delaware 19890 

Attn: Corporate Trust Administration

4.     CVB Statutory Trust 2 – 100% owned (1) 

(formed in Delaware) 

Trustee: 

Wells Fargo Bank, National Association 

919 Market Street 

Suite 700  

Wilmington, Delaware 19801 

Attn: Corporate Trust Division

(1)   The Statutory Trusts have not been consolidated into the financial statements of the Corporation in accordance with ASC Topic 810, “Consolidation”.

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