Mauch Chunk Trust Company is headquartered in Jim Thorpe and is the 73rd largest bank in the state of Pennsylvania. It is also the 1,506th largest bank in the nation. It was established in 1902 and as of June of 2019, it had grown to 79 employees at 8 locations. Mauch Chunk Trust Company has an A health rating.
Having the bank on your side is a big benefit.
My local bank knows how to treat their customers. I originally signed up for a totally free checking account and they have fully lived up to my expectations. The employees are friendly and have down to earth attitudes. Here is an example of why my bank is better than all of the nationwide banks... My first day starting my account I walked into PNC on a Saturday. Being my only window of opportunity to start a new checking account, I walked in and asked the teller at PNC if I could start a new checking account. They looked at me funny and said that they do not have a banker on the weekends and that their just tellers. So, I walked into my local bank and asked them and they were more than happy to help. They actually chuckled at my story of PNC and informed me that their bank only has bankers/tellers and all of their employees are qualified to do these tasks. I knew right then that this bank was professional and this was going to be a good experience. From that day forward I have never had a problem and have been treated kindly. I never have to pay fees unless I use another banks ATM and they have maintained my free checking account. Any time I have needed help with anything I have never felt like an inconvenience. No way will I ever switch banks as long as they keep up the good work!
Terrible Loan Release
I won't say too much bad about the bank itself. But if you're looking to get a loan from them forget it. They refused twice to give me a SECURED personal loan, myself having a near 700 credit score. They're reasoning is terribly flawed, and wouldn't even accept a co-signer. If you're looking to have an account with them and plan on getting loans, don't even waste your time.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 2359 |
| Year Established | 1902 |
| Employees | 79 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 7.14% |
| Annual Interest Income | $8.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $473.6MM$435.0MM |
| Loans | Q2 2019vs Q2 2018 | $229.8MM$207.1MM |
| Deposits | Q2 2019vs Q2 2018 | $349.1MM$324.6MM |
| Equity Capital | Q2 2019vs Q2 2018 | $41.3MM$35.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $2.3MM$2.2MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $325.00K$423.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates for Mauch Chunk Trust Company are currently being reviewed.
| Mauch Chunk Trust Company Locations | ||
|---|---|---|
| Mauch Chunk Trust Company | 1111 North Street | Jim Thorpe, PA 18229 |
| Redner's Market Branch | 184 Market Street | Nesquehoning, PA 18240 |
| Hometown Branch | 226 Claremont Ave | Tamaqua, PA 18252 |
| Lehighton Branch | 735 Blakeslee Blvd Dr East | Lehighton, PA 18235 |
| Albrightsville Branch | 11 Pa 903 | Albrightsville, PA 18210 |
| Railroad Station Office | 1 Susquehanna Street | Jim Thorpe, PA 18229 |
| West Penn Office | 1331 Clamtown Road | Tamaqua, PA 18252 |