Exhibit 99.1







                                            FOR IMMEDIATE RELEASE
                                                     DECEMBER 23, 2004
                                                     FOR ADDITIONAL INFORMATION
                                                     CONTACT:  STEPHEN E. ZAHN
                                                               CHAIRMAN/CEO
                                                               (260) 356-3311



                         NORTHEAST INDIANA BANCORP, INC.
                   ANNOUNCES NEW PRESIDENT OF BANK SUBSIDIARY

HUNTINGTON,  INDIANA,  -- The board of directors of Northeast  Indiana  Bancorp,
Inc.'s ("Northeast Indiana") wholly-owned subsidiary, First Federal Savings Bank
("First  Federal"),  has  announced  that  Michael S. Zahn will be  promoted  to
President of First Federal effective  January 1, 2005.  Michael has served First
Federal and Northeast Indiana as Senior Vice President since 2000 and has served
on the board of  directors of both  entities for the same time period.  Prior to
2000, Michael served First Federal in various capacities since first joining the
bank in 1996.  Michael  holds a Bachelor of Arts degree from Indiana  University
and earned an MBA from the University of Notre Dame in 2004.

Commenting on the promotion,  Northeast  Indiana and First Federal  chairman and
CEO  Stephen E. Zahn  stated " I feel  confident  Michael is the person who will
take the bank to its next  level in the  coming  years".  Stephen  E.  Zahn will
continue to serve as chairman of the board and CEO of both Northeast Indiana and
First Federal.

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".

This press release may contain  forward-looking  statements,  which are based on
management's current expectations regarding economic, legislative and regulatory
issues.  Factors which may cause future results to vary materially include,  but
are not limited to, general economic conditions, changes in interest rates, loan
demand,  and  competition.  Additional  factors  include  changes in  accounting
principles,  policies or guidelines;  changes in legislation or regulation;  and
other economic, competitive, regulatory and technological factors affecting each
company's operations, pricing, products and services.