Northeast Indiana Bancorp, Inc. Announces Nineteenth Annual Shareholder Meeting Date And Quarterly Cash Dividend

Jan 29, 2014, 11:02 ET from Northeast Indiana Bancorp, Inc.

HUNTINGTON, Ind., Jan. 29, 2014 /PRNewswire/ -- Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the Corporation will hold its nineteenth annual shareholders' meeting on April 22, 2014 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 14, 2014.

The Company also announced a quarterly cash dividend of $0.195 per common share.  This cash dividend will be payable on February 25, 2014 to common shareholders of record on February 11, 2014.

The book value of NIDB's stock was $22.65 per common share as of December 31, 2013.  The last reported trade of the Company's stock at the close of business on January 28, 2014 was $20.60 per common share and the number of outstanding common shares was 1,227,946 as of the same date.  The annualized dividend yield is currently 3.8% when annualizing the current quarter cash dividend of $0.195 per common share against the January 28, 2014 closing price of $20.60 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 five full-service Indiana offices in Huntington (2), Warsaw and Fort Wayne (2). The Company is traded on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol "NIDB". Our web site address is www.firstfedindiana.com.

SOURCE Northeast Indiana Bancorp, Inc.



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http://www.firstfedindiana.com