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Bay Banks of Virginia, Inc (BAYK) DRIP

DRIP Plan Highlights

Enrollment

 

 

Please note: This DRIP does not allow initial investments by non-shareholders. Only existing shareholders may enroll in this DRIP.

Minimum shares required to enroll

1 Share

 

 

 

 

Purchases

 

 

Minimum purchase

 

N/A

Maximum purchase

 

N/A

 

 

 

 

Fees

 

 

 

Account Setup Fee

 

None

Automatic Investment Fee

Not Allowed

Optional Cash Purchase

 

Not Allowed

Reinvestment Fee

 

None

Sale Fee

 

 

Variable

 

 

 

 

Company Web Site

 

http://www.baybanks.com

Additional Plan Information

Agent Site



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