Exhibit 28.1
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FOR IMMEDIATE RELEASE
August 1, 2000
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 $0.10 per share for the quarter ended June 30, 2000. This
is the twentieth consecutive quarterly cash dividend the board has approved. The
dividend will be payable on August 28, 2000 to shareholders of record on August
16, 2000.
The book value of NEIB's stock was $15.21 per share as of June 30, 2000. The
last reported trade of the stock at the close of business on July 31, 2000 was
$11.125 per share and the number of outstanding shares was 1,733,036.
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".
