EXHIBIT 99.1










                                                FOR IMMEDIATE RELEASE
                                                APRIL 27, 2005
                                                FOR ADDITIONAL INFORMATION
                                                CONTACT:  RANDY J SIZEMORE
                                                          SR VICE PRESIDENT, CFO
                                                          (260) 358-4680



                    NORTHEAST INDIANA BANCORP, INC. ANNOUNCES
                    TENTH ANNUAL SHAREHOLDER MEETING DATE AND
                             QUARTERLY CASH DIVIDEND

HUNTINGTON,  INDIANA,  -- Northeast Indiana Bancorp,  Inc.,  (NEIB),  the parent
company of First Federal Savings Bank, has announced that the  Corporation  will
hold its tenth annual shareholders'  meeting on June 15, 2005 at 1:00 PM eastern
standard  time.  The  meeting  will be held in the  boardroom  of First  Federal
Savings Bank at 100 Frontage Road, Huntington Indiana.

The Company also  announced a quarterly cash dividend of $0.15 per common share.
This cash  dividend  will be payable on May 24, 2005 to common  shareholders  of
record on May 10, 2005.

The book value of NEIB's stock was $18.34 per common share as of March 31, 2005.
The last reported trade of the Company's stock at the close of business on April
26, 2005 was $20.28 per common share and the number of outstanding common shares
was 1,411,279 as of the same date.  The company  reported total assets of $232.6
million as of March 31, 2005.

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".