Bay Banks of Virginia, Inc (BAYK) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Please note: This DRIP does not allow initial
investments by non-shareholders. Only existing shareholders may enroll in
this DRIP. |
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Minimum
shares required to enroll |
1 Share |
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Purchases |
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Minimum
purchase |
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N/A |
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Maximum
purchase |
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N/A |
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Fees |
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Account
Setup Fee |
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None |
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Automatic
Investment Fee |
Not Allowed |
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Optional
Cash Purchase |
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Not Allowed |
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Reinvestment
Fee |
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None |
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Variable |
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Company
Web Site |
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Additional
Plan Information |
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Bay Banks of Virginia, Inc DRIP Details:
Bay Banks of Virginia, Inc is a bank holding company that operates Bank of Lancaster and Bay Trust Company. The Bay Banks of Virginia Dividend Reinvestment Plan offers a poor holding vehicle for your Bay Banks of Virginia investment as it requires 1 share to enroll and does not allow additional purchases in the plan. For investors who don't already own Bay Banks of Virginia, Inc shares a low cost brokerage such as Sharebuilder would be the lowest cost holding vehicle for your BAYK investment.
Pros:
No account setup fees
No dividend reinvestment fees
Cons:
Requires 1 share to enroll
Does not allow for additional investment purchases in plan