Published November 29. 2014 09:00AM
The board of directors of Mauch Chunk Trust Financial Corp. declared a regular dividend of $0.20 per share and a special dividend of $0.12 per share, for a total dividend $0.32 per share payable Dec. 31 to shareholders of record as of Dec. 5. This action brings the annual dividend rate to $0.52 per share and represents an increase of 4 percent versus the 2013 dividend rate.
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 counties. On Sept. 30 the corporation had total assets of $347.2 million and shareholders' equity of $35.7 million.Incorporated in 1902, Mauch Chunk Trust is the successor institution to the Second National Bank of Mauch Chunk established in 1864. In 2014, 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 their website at
www.mauchchunktrust.com.