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Mercantile Bank Corporation (MBWM) 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

 

$50

Maximum purchase

 

$250,000

 

 

 

 

Fees

 

 

 

Account Setup Fee

 

None

Automatic investment Fee

 

None

Optional Cash Purchase

 

None

Reinvestment Fee

 

None

Sale Fee

 

 

$15.00

 

 

 

 

Company Web Site

 

https://www.mercbank.com

Additional Plan Information

Agent Site



Mercantile Bank Corporation DRIP Details: Mercantile Bank Corporation is a bank holding company that operates Mercantile Bank of Michigan. The Mercantile Bank Corporation Dividend Reinvestment Plan offers a poor holding vehicle for your Mercantile Bank investment unless you already own shares. For investors without an existing investment in Mercantile Bank, a low cost brokerage such as Sharebuilder would be your lowest cost holding vehicle for your MBWM investment.

Pros:
No account setup fee
No dividend reinvestment fees

Cons:
Requires 1 share to enroll
Above average sales fee