NORTHEAST INDIANA BANCORP INC
8-K, 1999-07-29
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 28, 1999



                         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 28, 1999,
attached hereto as Exhibit 28.1 announcing Second Quarter Cash Dividend.

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

        (c)    Exhibits

                      Exhibit 28.1 Press Release dated July 28, 1999.

<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.

                                        \S\ STEPHEN E. ZAHN
                                        -------------------
Date: July 28, 1999             By:
      -------------                     Stephen E. Zahn
                                        President and Chief Executive Officer


                                  Exhibit 28.1

<PAGE>



                                           FOR IMMEDIATE RELEASE
                                           JULY 28, 1999
                                           FOR ADDITIONAL INFORMATION
                                           CONTACT:  DARRELL E. BLOCKER
                                                          SR VICE PRESIDENT, CFO
                                                          (219) 356-3311



                         NORTHEAST INDIANA BANCORP, INC.
                        ANNOUNCES QUARTERLY CASH DIVIDEND

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 $0.09 per share for the quarter ended June 30, 1999. This
is the sixteenth consecutive quarterly cash dividend the board has approved. The
dividend will be payable on August 27, 1999 to  shareholders of record on August
13, 1999.

The book value of NEIB's  stock was $15.57  per share as of June 30,  1999.  The
last  reported  trade of the stock at the close of business on July 27, 1999 was
$15.875 per share and the number of outstanding shares was 1,637,847.

First Federal Savings Bank serves primarily  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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