Northeast Indiana Bancorp Inc. has announced that the Corporation will pay a cash dividend of $0.21 per common share. The dividend will be payable on May 24, 2016 to shareholders of record on May 10, 2016.

The company held its twenty-first annual shareholders' meeting April 26, 2016. The shareholders selected Stephen E. Zahn and Randy J. Sizemore as directors of the company for terms to expire in 2019.