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Northeast Indiana Bancorp, Inc. Announces $0.75 Special Cash Dividend

Company Release - 11/27/2019 9:39 AM ET

HUNTINGTON, Ind., Nov. 27, 2019 /PRNewswire/ -- 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 $0.75 per share on the Company's common stock.  The record date will be December 12, 2019 and the payment date will be December 26, 2019.

(PRNewsfoto/Northeast Indiana Bancorp, Inc.)

Commenting on the announcement, President and CEO Michael S. Zahn stated, "For the 5th year in a row, the Bank's earnings and capital levels have allowed the Board of Directors to issue a special cash dividend.  During that period, over $3.6 million in special dividends have been returned to our shareholders."

The book value of NIDB's stock was $34.28 per common share as of September 30, 2019 with 1,206,327 shares outstanding.  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. ( utilizing the OTCQB platform under the symbol "NIDB".  Our web site address is

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SOURCE Northeast Indiana Bancorp, Inc.

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