Northeast Indiana Bancorp, Inc. Announces Tenth Annual Shareholder Meeting Date and Quarterly Cash Dividend

Northeast Indiana Bancorp, Inc. Announces Tenth Annual
Shareholder Meeting Date and Quarterly Cash Dividend 


HUNTINGTON, Ind., April 27  /PRNewswire-FirstCall/ -- Northeast Indiana
Bancorp, Inc., (NEIB), the parent company of First Federal Savings Bank, has
announced that the Corporation will hold its tenth annual shareholders' meeting
on June 15, 2005 at 1:00 p.m. eastern standard time.  The meeting will be held
in the boardroom of First Federal Savings Bank at 100 Frontage Road,
Huntington, Indiana.

The Company also announced a quarterly cash dividend of $0.15 per common share.
 This cash dividend will be payable on May 24, 2005 to common shareholders of
record on May 10, 2005.

The book value of NEIB's stock was $18.34 per common share as of March 31,
2005.  The last reported trade of the Company's stock at the close of business
on April 26, 2005 was $20.28 per common share and the number of outstanding
common shares was 1,411,279 as of the same date.  The company reported total
assets of $232.6 million as of March 31, 2005.

Northeast Indiana Bancorp, Inc. is headquartered at 648 North Jefferson Street,
Huntington, Indiana.  The Company offers a full array of banking, trust, and
financial brokerage services to its customers through three full service
branches located in Huntington, Indiana.  The Company is traded on The NASDAQ
Stock Market under the symbol "NEIB". 

DATASOURCE: Northeast Indiana Bancorp, Inc.



CONTACT:  Randy J Sizemore, Sr Vice President, CFO of Northeast Indiana

Bancorp, Inc., [phone]



Web site:  http://www.firstfedhuntington.com/ 

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