#United States #Huntington #Northeast Indiana Bancorp #First Federal Savings Bank #Kevin Deardorff

Northeast Indiana Bancorp Declares Dividend and Welcomes Kevin L. Deardorff to Board

Financial Announcement

On July 29, 2026, Northeast Indiana Bancorp, Inc., the parent company of First Federal Savings Bank, made a significant announcement regarding its ongoing commitment to its shareholders and community. The corporation will distribute a cash dividend of $0.19 per common share, set to be paid out on August 27, 2026, to all common shareholders on record by August 13, 2026. This decision reaffirms the company's strategic direction and commitment to delivering value to its shareholders.

Stock Performance

As of June 30, 2026, Northeast Indiana Bancorp reported a book value of $24.11 per share. Notably, on the closing day of July 28, 2026, the stock was recorded trading at $24.10 per share, with 2,349,909 outstanding common shares. This situation reflects an annualized dividend yield of 3.15% based on the declared dividend in relation to the stock's recent trading performance.

Leadership Expansion

In a complementary development, the Bancorp has appointed Kevin L. Deardorff to its Board of Directors. Deardorff brings over 40 years of extensive experience in the banking sector, enhancing the company's leadership team significantly. His appointment took effect on July 28, 2026. Michael Zahn, President and CEO of First Federal Savings Bank, expressed enthusiasm for Deardorff's appointment, stating, "His deep expertise in banking will be invaluable as we continue to drive disciplined growth and provide community banking at the highest level."

Kevin L. Deardorff's Background

Before his retirement in 2021, Deardorff held the position of Executive Vice President at Lake City Bank, where he was responsible for managing all aspects of the retail banking division and overseeing a network of 50 office locations. His wealth of experience positions him as an excellent fit to guide Northeast Indiana Bancorp in its mission to support local customers and businesses.

Deardorff expressed his excitement about joining the board, indicating a commitment to addressing the banking needs of the local community while navigating the evolving financial landscape.

Community Banking Focus

Headquartered at 648 N. Jefferson Street, Huntington, Indiana, Northeast Indiana Bancorp, Inc. offers a comprehensive range of banking and financial services through its nine full-service locations in Huntington, Warsaw, Fort Wayne, and Roanoke. The institution emphasizes local engagement and aims to provide exceptional support to its customers and businesses. The company operates under the symbol NIDB on the OTC Markets Group, demonstrating its dedication to transparency and accessible financial services.

For more information about Northeast Indiana Bancorp, visit their official website www.firstfedindiana.bank.

Conclusion

These announcements highlight Northeast Indiana Bancorp's ongoing commitment to rewarding its shareholders while simultaneously expanding its leadership with experienced professionals like Kevin L. Deardorff. As the financial landscape continues to transform, the bank's efforts to engage with the community and provide dedicated service will remain paramount, setting a strong foundation for long-term growth and stability.