First Federal Bancorp Announces Increase in Quarterly Cash Dividend

First Federal Bancorp Announces Increase in Quarterly Cash Dividend 


ZANESVILLE, Ohio, Nov. 24  /PRNewswire-FirstCall/ -- First Federal Bancorp, Inc.
 today announced its Board of Directors has declared a 9% increase in the
quarterly cash dividend to $0.06 per common share.  The dividend is payable on
January 2, 2004 to shareholders of record on December 17, 2003.

J. William Plummer, President and Chief Executive Officer, commented "The higher
quarterly cash dividend represents the fourth consecutive year it has been
increased.  We achieved growth in key areas during the past year.  First
Federal's balance sheet remains strong and we are working diligently to improve
our financial performance."

First Federal Bancorp, Inc. is the parent company of First Federal Savings Bank
of Eastern Ohio, whose primary markets include Coshocton, Guernsey, Licking,
Morgan, Muskingum, Perry, and Tuscarawas counties.

Statements made in this press release that are not historical facts are
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995.  Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results to differ materially from
estimated results.  Such risks and uncertainties are detailed in the Company's
filings with the Securities and Exchange Commission.  All forward-looking
statements made in this press release are based on information presently
available to management.  The Company assumes no obligation to update any
forward-looking statements. 

DATASOURCE: First Federal Bancorp, Inc.



CONTACT:  Connie Ayres LaPlante, Treasurer of First Federal Bancorp,

Inc., [phone]

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