Published June 16. 2017 08:12PM
The Board of Directors of Mauch Chunk Trust Financial Corp. in Jim Thorpe declared a regular dividend of 22 cents per share payable on June 30 to shareholders of record as of June 1.
This represents an increase of just under 5 percent more than the 2016 regular dividend rate of 21 cents per share.The financial corporation is the parent company of the Mauch Chunk Trust Co., a community bank with seven offices in Carbon and Schuylkill counties. On March 31, the corporation had total assets of $400 million and shareholders' equity of $37.3 million.Incorporated in 1902, MCT is the successor institution to the Second National Bank of Mauch Chunk established in 1864. For more information on MCT, visit
www.mauchchunktrust.com.