Nicole Barbaro, president and CEO of Mauch Chunk Trust Financial Corp., the parent company for Mauch Chunk Trust Company, announced that the board of directors has authorized the repurchase of up to $100,000 of the corporation’s outstanding common stock.

The repurchases will be made pursuant to a trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

Repurchases may be made from time to time on the open market or in privately negotiated transactions, in compliance with Rule 10b-18 of the Exchange Act and all applicable securities laws. The repurchase program does not obligate the corporation to purchase any dollar amount or number of shares, and the corporation may suspend, modify, extend or terminate the program at any time.

The repurchased shares will be held as treasury shares and reissued for corporate purposes, including for purchases made under the corporation’s Director Purchase Program.

The board has provided for the repurchase program to expire after Sept. 30, 2027, unless sooner terminated or extended.

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 June 30, the corporation had total assets of $643 million.