Mercantile Bank Corporation (MBWM) 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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$50 |
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Maximum
purchase |
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$250,000 |
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Fees |
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Account
Setup Fee |
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None |
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Automatic
investment Fee |
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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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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