Northeast Indiana Bancorp Inc (OTCMKTS:NIDB) Stock On Radar After CFO Resignation

The parent company of First Federal Savings Bank, Northeast Indiana Bancorp Inc (OTCMKTS:NIDB) was in focus last Friday on April 28 when it announced that it had accepted the resignation of its Chief Financial Officer and Senior Vice President Christopher Cook.

Trading Data

On Friday, NIDB stock ended flat at $42.00 with 4 shares, compared to volume of 291 shares. The stock moved within a range of $42.00 – 42.00 after opening trade at $42.00.

Northeast Indiana Bancorp, Inc. Announces CFO Resignation

Cook had served the company in those capacities for the past 18 months and his last working day at the company would be on June 9, 2023. It was further noted that Cook had accepted the position of President and Chief Executive Officer at another community bank and his resignation had nothing to do with any disagreement with Northeast Indiana Bancorp. The company also announced that it had commence an executive search for the purpose of replacing Cook.

Northeast Indiana Bancorp is based out of Huntington, Indiana. It offers the full range of financial brokerage and banking services to its clients through its head office in Huntington and also through five other full service offices situated in Fort Wayne, Warsaw and Huntington. The company’s stock is listed on the OTC Markets Group Inc and trades under the ticker symbol NIDB. Following the latest development the stock may come on to the radar of investors today.