Tuesday, May 11th, 2021

NE Indiana Bancorp announces special dividend

Posted: Wednesday, November 25, 2020

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 $1 per share on the company’s common stock. The record date will be December 9, 2020 and the payment date will be December 23, 2020.

Commenting on the announcement, president and CEO Michael S. Zahn stated, “For the sixth 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 $4.8 million in special dividends have been returned to our shareholders.”

The book value of NIDB’s stock was $37.66 per common share as of September 30, 2020 with 1,210,327 shares outstanding.

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.” The web site address is www.firstfedindiana.bank.