HUNTINGTON — Northeast Indiana Bancorp, Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, is proud to announce that its board of directors has declared a special cash dividend of $0.50 per share on the Company’s common stock. The record date will be Dec. 9, and the payment date will be Dec. 23.
Commenting on the announcement, President and CEO Michael S. Zahn stated, “With our sustained
exceptional earnings and strong capital position, the board of directors has determined it appropriate
to reward our shareholders with a one-time special dividend. We are fortunate to be able to share the
financial success of the Company with our owners.”
The book value of NIDB’s stock was $27.16 per common share as of Oct. 31, with 1,199,879
shares outstanding. Northeast Indiana Bancorp, Inc. is headquartered at 648 N. Jefferson St.,
Huntington. 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, two locations; Warsaw; and two locations in Fort Wayne.
The company is traded on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol “NIDB”.
Visit the bank’s website to learn more about First Federal Savings Bank.