-Northeast Indiana Bancorp names CEO.

Global Banking News-December 24, 2010--Northeast Indiana Bancorp names CEO(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 24 December 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Northeast Indiana Bancorp Inc (OTCBB: NIDB), the parent company of Huntington, Indiana-based First Federal Savings Bank, has said that Michael S Zahn has been promoted as chief executive officer, effective January 1, 2011.

Zahn has served as president of First Federal and executive vice president of Northeast Indiana Bancorp Inc and also as senior vice president of both companies from 2000 until 2005. Previously he has worked with First Federal in various capacities since joining the bank in 1996.

Meanwhile, Stephen E Zahn will retire as CEO on December 31, 2010 but will remain as chairman of the board of both Northeast Indiana Bancorp Inc and First Federal Savings Bank.

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