HUNTINGTON, Ind., Nov. 10, 2014 /PRNewswire/ -- Daniel L. Stephan and Randall C. Rider have retired from the Board of
Directors of Northeast Indiana Bancorp ("the Company") and its
subsidiary, First Federal Savings Bank ("the Bank"). Mr.
Stephan served on the Board of the Company since its inception in
1995 and on the Board of the Bank for 27 years. Mr. Rider
also served on the Board of the Company since its inception and on
the Board of the Bank for 25 years. Both board members ended
their service at the October meeting.
Kyle Koob was appointed to the
Board of Directors of Northeast Indiana Bancorp and First Federal
Savings Bank by the Nominating Committee. He is the President
of Advanced Machine & Tool Corporation (AMT) in Fort Wayne, a capital equipment builder and
automation provider to electric motor manufacturers. Prior to
serving as President, Mr. Koob was Vice President of Marketing
& Engineering and Sales Manager for the tooling division at
AMT.
Mr. Koob holds a Bachelor's degree from Purdue University where he was a member of Phi
Gamma Delta fraternity. He is a member of the Association of
Manufacturing Technology, an active member in the St. Elizabeth Ann
Seton Church and a former president of the Eagle Creek Homeowners
Association. He and his wife, Tricia, are the parents of four
children.
The Board of Directors welcome Kyle
Koob and thanks Daniel
Stephan and Randall Rider for
their years of service. President, CEO and fellow board
member, Michael Zahn, states, "Dan
and Randy will both be missed. The contributions they have
made to the Company and the Bank over the years is
immeasurable. We wish them nothing but the best in
retirement." He continues, "We are excited about having Kyle
join the Boards to provide leadership and direction."
Northeast Indiana Bancorp, Inc. is headquartered at 648 N.
Jefferson Street, Huntington,
Indiana. The company offers a full array of banking and
financial brokerage services to its customers through its main
office in Huntington and five
full-service Indiana offices in
Huntington (2), Warsaw and Fort
Wayne(2). The Company is traded on the OTC Markets
Group, Inc. (www.otcmarkets.com) utilizing the OTCQB platform under
the symbol "NIDB". Our web site address is
www.firstfedindiana.com.
SOURCE Northeast Indiana Bancorp, Inc.