Horizon Bancorp (HBNC) 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 |
10 Shares |
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Purchases |
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Minimum
purchase |
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$25 |
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Maximum
purchase |
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$5,000 |
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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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Sale Fee |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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Horizon Bancorp DRIP Details:
Horizon Bancorp is a bank holding company that operates Horizon Bank in Indiana and Michigan. The Horizon Bancorp Dividend Reinvestment Plan offers a poor holding vehicle for your Horizon Bank investment as it requires at least 10 shares to enroll. For investors who don't already own Horizon Bancorp shares, a low cost brokerage such as Sharebuilder would most likely be your lowest cost holding vehicle for your HBNC investment.
Pros:
No account setup fees
No dividend reinvestment fees
No investment fees
Cons:
Requires 10 shares to enroll