Northeast Indiana Bancorp Announces Cash Dividend and Appoints Kevin L. Deardorff to Board
Northeast Indiana Bancorp, Inc. (OTCQB: NIDB) has declared a cash dividend of $0.19 per common share, payable on August 27, 2026, to shareholders of record as of August 13, 2026. The stock closed at $24.10 on July 28, yielding an annualized dividend yield of 3.15%. Kevin L. Deardorff was appointed to the boards of Northeast Indiana Bancorp and First Federal Savings Bank effective July 28, bringing over four decades of banking experience. Deardorff most recently served as Executive Vice President at Lake City Bank before retiring in 2021. His appointment is expected to bolster strategic growth initiatives for the company's community-focused operations across Indiana. The firm operates nine full-service offices and provides a range of financial services through its OTCQB-listed platform.
Topics: board appointments dividends