Firstbank Corporation (FBMI) 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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$100 |
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Maximum
purchase |
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$2,500 |
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Fees |
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Account
Setup Fee |
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None |
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Automatic
Investment Fee |
None |
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Optional
Cash Purchase |
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None |
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Reinvestment
Fee |
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None |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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Firstbank Corporation DRIP Details:
Firstbank Corporation is a bank holding company that operates Firstbank in Michigan. The Firstbank Corporation Dividend Reinvestment Plan offers a poor holding vehicle for your Firstbank investment as it requires at least 1 share to enroll. For investors who don't already own Firstbank shares, a low cost brokerage such as Sharebuilder would most likely be your lowest cost holding vehicle for your FBMI investment.
Pros:
No account setup fees
No dividend reinvestment fees
No investment fees
Up to 5% discount on dividend reinvestments
Cons:
Requires 1 share to enroll
Above average stock sales fee