Press Release: Mauch Chunk Trust Completes Senior Leadership Transition

Jim Thorpe, PA, October 8, 2026 – Mauch Chunk Trust Company (MCT) announced today the completion of its planned senior leadership transition. Nicole Barbaro has assumed the roles of President and Chief Executive Officer of MCT and its parent company, Mauch Chunk Trust Financial Corporation (MCTFC). Louisa Krause has been appointed Vice President and Chief Financial Officer, succeeding Barbaro in that role.

Barbaro succeeds Patrick H. Reilly, who retired after more than 35 years with MCT, including more than three decades as President and Chief Executive Officer. The transition completes the Board-approved succession plan announced in January 2026.

“Pat’s leadership has been central to MCT’s strength, independence and enduring commitment to this region. The Board is grateful for his service and has full confidence in Nicole and Louisa to lead MCT’s next chapter.” said Brian Seitz, Chairman of the Boards of Directors of MCT and MCTFC.

Barbaro joined MCT in 2007 and has advanced through operational and financial leadership roles from Teller/Customer Service Representative to Chief Financial Officer. She is a 2018 Summa Cum Laude graduate of Cedar Crest College with a bachelor’s degree in accounting and holds an associate degree in accounting from Lehigh Carbon Community College.

“I am honored to lead MCT following Pat’s retirement and grateful for the Board’s trust in our leadership team. We will build on the foundation he leaves behind while continuing to serve our customers, employees, shareholders and communities with the relationship focus that defines MCT,” Barbaro said.

Krause earned her bachelor’s degree in accounting from Cedar Crest College in 2022, graduating Summa Cum Laude. She also holds an associate degree in Business Administration from Lehigh Carbon Community College, where she graduated Cum Laude. Krause began her career with MCT in 2008 and has served as Teller/Customer Service Representative, Electronic Banking Specialist, Accounting Analyst, Assistant Controller and Controller. She is a graduate of Panther Valley High School.

“Louisa’s experience, commitment and deep knowledge of MCT’s accounting and financial operations make her exceptionally well prepared for this role. I value the partnership we have built over the years and look forward to continuing our work together to provide sound financial stewardship for our stakeholders,” Barbaro said.