NORTHEAST INDIANA BANCORP INC
8-K, 1996-08-16
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K


                                 CURRENT REPORT



                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



                Date of Report (Date of earliest event reported)
                                  August 16, 1996



                         NORTHEAST INDIANA BANCORP, INC.
             (Exact name of Registrant as specified in its Charter)



     Delaware                       0-26012                        35-1948594
- --------------------------------------------------------------------------------
  (State or other            (Commission File Number)            (IRS Employer
  jurisdiction of                                                Identification
  incorporation)                                                    Number)



             648 North Jefferson Street, Huntington, Indiana 46750
- --------------------------------------------------------------------------------
              (Address of principal executive offices) (Zip Code)


                                 (219) 356-3311
- --------------------------------------------------------------------------------
               Registrant's telephone number, including area code


                                       N/A
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)


<PAGE>


Item 5.  Other Events

Northeast Indiana Bancorp,  Inc. (the "Registrant") issued a press release dated
August 16, 1996, attached hereto as Exhibit 28.1 announcing  Completion of Stock
Repurchase Program.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (c)      Exhibits

                  Exhibit 28.1 Press Release dated August 16, 1996.


<PAGE>


                                          SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  Report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.



                                          NORTHEAST INDIANA BANCORP, INC.

                                           

Date: August 16, 1996               By:   /s/STEPHEN E. ZAHN
                                          ------------------
                                          Stephen E. Zahn
                                          President and Chief Executive Officer






                                               Exhibit 28.1





                                                           FOR IMMEDIATE RELEASE
                                                                 AUGUST 16, 1996
                                                      FOR ADDITIONAL INFORMATION
                                                     CONTACT: DARRELL E. BLOCKER
                                                          SR VICE PRESIDENT, CFO
                                                                  (219) 356-3311



                         NORTHEAST INDIANA BANCORP, INC.
                ANNOUNCES COMPLETION OF STOCK REPURCHASE PROGRAM

HUNTINGTON,  INDIANA, -- Stephen E. Zahn,  President and Chief Executive Officer
of Northeast Indiana Bancorp, Inc. (the "Company"), has announced the completion
of its third stock  repurchase  program,  including the  repurchase of shares to
fund the Company's  Recognition and Retention Plan (RRP). The Company on July 8,
1996  announced  its  intention  to  repurchase  in the open  market up to 5% or
103,084 shares of its common stock.  Today, the Company announces the completion
of this  repurchase  program,  repurchasing  a total of 103,084 shares of common
stock at an  average  price of $12.34  per share.  With the  completion  of this
repurchase program the Company has 1,958,586 shares outstanding.

Northeast Indiana Bancorp, Inc. is the holding company for First Federal Savings
Bank with three  offices  located in  Huntington,  Indiana.  The Company  issued
2,182,125 shares in its initial offering completed June 27, 1995, in conjunction
with the  conversion  of the Bank from a federally  chartered  mutual to a stock
savings bank.

The Company's stock is traded on the NASDAQ System under the symbol "NEIB".



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