Northeast Indiana Bancorp, Inc. Announces Fifteenth Annual Shareholder Meeting Date and Quarterly Cash Dividend

Jan 27, 2010, 12:40 ET from Northeast Indiana Bancorp, Inc.

HUNTINGTON, Ind., Jan. 27 /PRNewswire-FirstCall/ -- Northeast Indiana Bancorp, Inc., (OTC Bulletin Board: NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will hold its fifteenth annual shareholders' meeting on April 27, 2010 at 1:00 PM local time.  The meeting will be held in the boardroom of First Federal Savings Bank at 100 Frontage Road, Huntington, Indiana.  The holders of record date for the annual meeting will be March 16, 2010.

The Company also announced a quarterly cash dividend of $0.17 per common share.  This cash dividend will be payable on February 23, 2010 to common shareholders of record on February 9, 2010.

The book value of NIDB's stock was $18.66 per common share as of December 31, 2009.  The last reported trade of the Company's stock at the close of business on January 26, 2010 was $9.99 per common share and the number of outstanding common shares was 1,230,670 as of the same date.  The annualized dividend yield is currently 6.8% when annualizing the current quarter cash dividend of $0.17 per common share against the January 26, 2010 closing price of $9.99 per common share.  

Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson Street, Huntington, Indiana.  The company offers a full array of banking and financial brokerage services to its customers through its main office in Huntington and four full-service Indiana offices in Huntington (2), Warsaw and Fort Wayne.  The Company is traded on the Over the Counter Bulletin Board under the symbol "NIDB".  Our web site address is

SOURCE Northeast Indiana Bancorp, Inc.