Northeast Indiana Bancorp, Inc. Announces Completion of Stock Repurchase Program

Share Name	Share Symbol	Market	Type
Northeast Indiana Bancorp (MM)	NASDAQ:NEIB	NASDAQ	Common Stock

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Northeast Indiana Bancorp (MM)

NASDAQ:NEIB

NASDAQ

Common Stock

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Northeast Indiana Bancorp, Inc. Announces Completion of Stock Repurchase Program

21/09/2004 5:35pm

PR Newswire (US)

Northeast Indiana Bancorp (NASDAQ:NEIB)
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Northeast Indiana Bancorp, Inc. Announces Completion of Stock Repurchase Program HUNTINGTON, Ind., Sept. 21 /PRNewswire-FirstCall/ -- Northeast Indiana Bancorp, Inc. (NEIB), the parent company of First Federal Savings Bank, has announced that the Corporation completed the stock repurchase program opened in March 2004. NEIB repurchased 74,446 common shares at an average price of $21.90. NEIB now has approximately 1,425,000 common shares outstanding. The book value of NEIB's stock was $18.07 per common share as of June 30, 2004. The last reported trade of the Company's stock at the close of business on September 20, 2004 was $21.28. 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., +1-260-358-4680 Web site: http://www.firstfedhuntington.com/

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NEIB Northeast Indiana Bancorp (MM)