NORTHEAST INDIANA BANCORP INC
8-K, 1998-07-30
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)
                                  July 29, 1998



                         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)


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


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

Item 5.  Other Events

Northeast  Indiana  Bancorp,  Inc.  issued a press  release dated July 29, 1998,
attached hereto as Exhibit 28.1 announcing quarterly dividends.

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

         (c)      Exhibits

                         Exhibit  28.1 Press  Release  dated July 29, 1998.

<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: July 29, 1998                 By:    \S\ STEPHEN E. ZAHN
                                           -------------------
                                           Stephen E. Zahn
                                           President and Chief Executive Officer





 















                                  Exhibit 28.1

<PAGE>
                                                     FOR IMMEDIATE RELEASE
                                                     JULY 29, 1998
                                                     FOR ADDITIONAL INFORMATION
                                                     CONTACT: DARRELL E. BLOCKER
                                                     SR VICE PRESIDENT, CFO
                                                     (219) 356-3311



                         NORTHEAST INDIANA BANCORP, INC.
                          ANNOUNCES QUARTERLY DIVIDENDS

HUNTINGTON,  INDIANA,  -- Northeast  Indiana Bancorp,  Inc.  (NEIB),  the parent
company of First Federal Savings Bank, has announced that the  Corporation  will
pay a cash  dividend  of $0.085 per share for the quarter  ended June 30,  1998.
This is the twelfth consecutive  quarterly dividend the board has approved.  The
dividend will be payable August 24, 1998 to shareholders of record on August 10,
1998.

The bank has recently applied to OTS for the expansion of its charter to include
trust powers to provide trust and asset  management  services to our  community.
The bank is also in the process of establishing a wholly-owned  subsidiary as an
Indiana corporation. This wholly-owned subsidiary will provide financial service
products  including  but not limited to mutual funds,  brokerage,  and insurance
products.

First  Federal  Savings  Bank will be starting  construction  this week of a new
addition to its North location at 100 Frontage Road in Huntington. This addition
will expand the North office by approximately 2,000 square feet and will provide
offices for the new trust department and financial  services  subsidiary as well
as providing  space needed for the computer  equipment and  additional  staffing
needed for banking operations.

First Federal Savings Bank primarily serves Huntington  County,  Indiana through
its three full service offices located in Huntington, Indiana.

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".


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