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)
October 27, 1998
NORTHEAST INDIANA BANCORP, INC.
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(Exact name of Registrant as specified in its Charter)
Delaware 0-26012 35-1948594
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
648 North Jefferson Street, Huntington, Indiana 46750
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (219) 356-3311
N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
Northeast Indiana Bancorp, Inc. issued a press release dated October 27, 1998,
attached hereto as Exhibit 28.1 announcing misc.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 28.1 Press Release dated October 27, 1998.
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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.
\S\ STEPHEN E. ZAHN
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Date: October 27, 1998 By: Stephen E. Zahn
President and Chief Executive Officer
Exhibit 28.1
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FOR IMMEDIATE RELEASE
OCTOBER 27, 1998
FOR ADDITIONAL INFORMATION
CONTACT: DARRELL E. BLOCKER
SR VICE PRESIDENT, CFO
(219) 356-3311
NORTHEAST INDIANA BANCORP, INC. DECLARES STOCK DIVIDEND AND
ANNOUNCES EFFECTIVE INCREASE IN CASH DIVIDEND
HUNTINGTON, INDIANA, -- (NASDAQ: "NEIB") Northeast Indiana Bancorp, Inc., the
parent corporation of First Federal Savings Bank, has announced that the
Corporation will do a 10% stock dividend payable on or about November 23, 1998,
to shareholders of record on November 6, 1998. Under the terms of the stock
dividend, Northeast Indiana Bancorp, Inc. shareholders will receive a dividend
of one share for every ten shares held on the record date. No fractional shares
will be issued; all fractional shares will be rounded up to the next whole
share.
Northeast Indiana Bancorp Chairman Stephen E. Zahn stated that "the Board of
Directors has declared this stock dividend in recognition of the recent
financial performance of the Company and investor interest in our stock." Mr.
Zahn added that "the Board's action will increase the number of shares of
Northeast Indiana Bancorp, Inc.'s stock outstanding, making it easier for small
investors to purchase stock.
The Board also approved a cash dividend for $0.09 for the quarter ended
September 30, 1998 to be paid on November 23, 1998 to shareholders of record on
November 6, 1998. This dividend is payable on shares subsequent to the 10% stock
dividend being paid to these shareholders. This represents approximately a 16.5%
increase in the cash dividend adjusted for the stock dividend over the $0.085
that has been paid during the previous four quarters.
Northeast Indiana Bancorp, Inc. is headquartered at 648 North Jefferson Street,
Huntington, Indiana 46750 and the Company is traded on the Nasdaq National
Market under the symbol "NEIB".
