- Business
- Mauch Chunk Trust Financial Corp. (MCHT) operates as the bank holding company for Mauch Chunk Trust Company, a state-chartered community bank providing a full range of personal, business, government, trust, lending, and wealth management services primarily in Carbon and Schuylkill Counties, Pennsylvania. The company offers deposit products including checking, savings, and money market accounts; certificates of deposit; individual retirement accounts; and remote deposit services; as well as lending solutions such as residential mortgages, home equity loans and lines of credit, personal loans, small business loans, commercial real estate loans, commercial lines of credit and term loans, commercial letters of credit, municipal leasing, and real estate investing products. It further provides credit and debit cards; online, mobile, and telephone banking; cash management; merchant services; check reorders; switch kits; investment services encompassing stocks, bonds, mutual funds, exchange-traded funds, annuities, managed accounts, life insurance, securities, and advisory services; and trust services including pensions, financial powers of attorney, fiduciary services for individuals, organizations, and municipalities.
Founded in 1864 as the Second National Bank of Mauch Chunk and incorporated as Mauch Chunk Trust Company in 1902, the holding company is headquartered in Jim Thorpe, Pennsylvania, with the bank maintaining a main office and seven branches in Jim Thorpe, Albrightsville, Nesquehoning, Lehighton, Hometown, West Penn, and Weatherly.
In recent developments, Mauch Chunk Trust Company announced in July 2025 a partnership with Carbon County to support tourism growth in Jim Thorpe through the closure and repurposing of its Railroad Station Bank Branch, effective February 3, 2025, with adjusted hours thereafter; introduced enhanced mobile banking features including credit score monitoring and advanced debit card controls; added a 24/7 ATM with cash and check deposit capabilities at its Weatherly office in March 2025; and hired Denise Ressler as Vice President, Commercial Lender in January 2025. The bank also expanded community initiatives, such as sponsoring financial education programs and the 2025 Community Heroes awards, while reporting net loan growth to $284.8 million and deposits to $628.0 million as of September 30, 2025, driven by organic commercial lending and purchased loans.