First Federal parent to hold 23rd annual shareholder meeting April 24

Northeast Indiana Bancorp Inc., (OTCQB: NIDB), the parent company of First Federal Savings Bank, has announced that the corporation will hold its 23rd annual shareholders’ meeting on April 24 at 1 p.m. The meeting will be held in the boardroom of First Federal Savings Bank at 100 Frontage Road, Huntington. The holders of record date for the annual meeting will be March 12.

The company also announced a quarterly cash dividend of $0.24 per common share. This cash dividend will be payable on Feb. 20, 2018, to common shareholders of record on Feb. 6, 2018.

The book value of NIDB’s stock was $29.40 per common share as of Dec. 31, 2017. The last reported trade of the Company’s stock at the close of business on Jan. 23, 2018 was $35 per common share and the number of outstanding common shares was 1,206,327 as of the same date. The annualized dividend yield is currently 2.7 percent when annualizing the current quarter cash dividend of $0.24 per common share against the Jan. 23, 2018, closing price of $35 per common share.

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, Warsaw and Fort Wayne. The company is traded on the OTC Markets Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under the symbol “NIDB.“ The company website address is www.firstfedindiana.bank.