FFBZ First Fed Bancorp (MM)

First Federal Bancorp Announces Quarterly Cash Dividend ZANESVILLE, Ohio, June 17 /PRNewswire-FirstCall/ -- First Federal Bancorp, Inc. (NASDAQ:FFBZ) today announced its Board of Directors declared a quarterly cash dividend of $0.06 per common share, a 9% increase over the amount paid for the same period last year. The dividend is payable on July 5, 2004 to shareholders of record on June 27, 2004. J. William Plummer, President and Chief Executive Officer, commented, "First Federal Bancorp's second quarter 2004 net income increased approximately 7% to $523,000, or $0.16 per diluted share, compared to the same period last year. These results benefited from specific growth initiatives as well as initial signs of improvement in the economy. Our second quarter results included solid growth in assets and non-interest income, which rose 7% and 31%, respectively, compared to a year ago." First Federal Bancorp, Inc. is the parent company of First Federal Savings Bank of Eastern Ohio, whose primary markets include Coshocton, Guernsey, Licking, Morgan, Muskingum, Perry, and Tuscarawas counties. Statements made in this press release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements made in this press release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements. DATASOURCE: First Federal Bancorp, Inc. CONTACT: Connie Ayres LaPlante, Treasurer of First Federal Bancorp, Inc., +1-740-588-2265

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