EXHIBIT 21

                  SUBSIDIARIES OF CODORUS VALLEY BANCORP, INC.

1.  PeoplesBank, A Codorus Valley Company - 100% owned
    (chartered in Pennsylvania)
    1 Manchester Street, P.O. Box 67
    Glen Rock, Pennsylvania  17327

2.  SYC Realty Company, Inc. - 100% owned
    (incorporated in Pennsylvania)
    1 Manchester Street, P.O. Box 67
    Glen Rock, Pennsylvania  17327

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