Mauch Chunk Trust declares dividend
The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend of 19 cents per share and a special dividend of 12 cents per share, for a total dividend 31 cents per share payable Dec. 31 to shareholders of record Dec. 6, 2013.
This action brings the annual dividend rate to 50 cents per share and represents an increase of over 8 percent versus the 2012 dividend rate.
Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with six offices in Carbon and Schuylkill County.
On Sept. 30, the corporation had total assets of $325 million and shareholders' equity of $32.4 million.
The company plans to open its seventh office in West Penn Township in December.
Incorporated in 1902, Mauch Chunk Trust is the successor institution to the Second National Bank of Mauch Chunk established in 1864.
In 2013, the company was named one of the top 200 community banks in the United States under $2 billion in assets by the American Banker newspaper.
For more information on Mauch Chunk Trust visit www.mauchchunktrust.com.