HUNTINGTON, Ind., Nov. 29, 2023 /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 $0.25 per share on the Company’s common stock.  The record date will be December 14, 2023, and the payment date will be December 28, 2023.

(PRNewsfoto/Northeast Indiana Bancorp, Inc.)

Commenting on the announcement, President and CEO Michael S. Zahn stated, “For the 9th 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 $8.4 million in special dividends have been returned to our shareholders.”

The book value of NIDB’s stock was $18.08 per common share as of September 30, 2023, with 2,425,670 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 six full-service Indiana offices in Huntington (2), Warsaw (2) 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.