MCT bank issues financial statement

The Board of Directors of Mauch Chunk Trust Financial Corp. declared a 10% stock dividend payable on Dec. 6, to shareholders of record as of Nov. 25.

Any fractional shares will be distributed in cash. The board also declared a regular dividend of 15 cents per share payable Dec. 31, 2019, to shareholders of record as of Dec. 11.

The reduction in the cash dividend rate is necessary to maintain the appropriate level of capital and support continued growth in earning assets.

Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County. On Sept. 30, the corporation had total assets of $459.9 million and shareholders’ equity of $42.0 million.

Incorporated in 1902, Mauch Chunk Trust is the successor institution to the Second National Bank of Mauch Chunk established in 1864. For more information on Mauch Chunk Trust visit www.mauchchunktrust.com