First Federal Bancorp Announces Quarterly Cash Dividend

First Federal Bancorp Announces Quarterly Cash Dividend 


ZANESVILLE, Ohio, Feb. 23  /PRNewswire-FirstCall/ -- First Federal Bancorp, Inc.
 today announced the Board of Directors has declared a quarterly cash dividend
of $0.06 per common share, which represents a 9% increase over the amount paid
for the same period last year.  The dividend is payable on April 2, 2004 to
shareholders of record on March 17, 2004.

J. William Plummer, President and Chief Executive Officer, stated, "Positive
contributions are being realized from our focused growth strategy. During the
first quarter fiscal 2004 we achieved a solid increase in loans, maintained
strong credit quality, and improved non-interest income.  These factors are
anticipated to contribute to improvement in our full-year performance compared
to fiscal 2003."

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,

[phone]

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