FOR IMMEDIATE RELEASE
OCTOBER 25, 2000
FOR ADDITIONAL INFORMATION
CONTACT: DARRELL E. BLOCKER
SR VICE PRESIDENT, CFO
(219) 356-3311
NORTHEAST INDIANA BANCORP, INC. INCREASES CASH DIVIDEND
HUNTINGTON, INDIANA, -- (NASDAQ: "NEIB") Northeast Indiana Bancorp, Inc., the
parent corporation of First Federal Savings Bank, today announced that the
Corporation has approved a quarterly cash dividend of $0.11 per share, a 10%
increase compared to the $0.10 per share for the previous four quarters. This
cash dividend will be paid on or about November 22, 2000 to shareholders of
record on November 8, 2000. This is the fifth consecutive year the dividend has
been increased.
Northeast Indiana Bancorp Chairman Stephen E. Zahn stated that "the Board of
Directors has increased this cash dividend in recognition of the recent
financial performance of the Company during this difficult interest rate
environment." Northeast Indiana Bancorp, Inc. has approximately 1.73 million
shares of common stock outstanding. Total assets as of September 30, 2000 were
$258.9 million.
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".
