Detailed stratigraphic relations indicate two coeval periods of catastrophic flooding and Tharsis centered faulting (producing Memnonia Fossae) in the Mangala Valles region of Mars. Major sequences of lava flows of the Tharsis Montes Formation and local, lobate plains flows were erupted during and between these channeling and faulting episodes. First, Late Hesperian channel development overlapped in time the Tharsis-centered faulting that trends north 75° to 90°E. Next, Late Hesperian/Early Amazonian flooding was coeval with faulting that trends north 55° to 70°E. In some reaches, resistant lava flows filled the early channels, resulting in inverted channel topography after the later flooding swept through. Both floods likely originated from the same graben, which probably was activated during each episode of faulting. Faulting broke through groundwater barriers and tapped confined aquifers in higher regions west and east of the point of discharge. The minimum volume of water required to erode Mangala Valles (about 5×10¹² m³) may have been released through two floods that drained a few percent pore volume from a relatively permeable aquifer. The peak discharges of the floods may have lasted from days to weeks. The perched water discharged from the aquifer may have been produced by hydrothermal groundwater circulation induced by Tharsis magmatism, tectonic uplift centered at Tharsis Montes, and compaction of saturated crater ejecta due to loading by lava flows.