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Northern States Financial Corporation (NSFC) DRIP

DRIP Plan Highlights

Enrollment

 

 

Initial Purchase

 

$250

 

 

 

 

Purchases

 

 

Minimum purchase

 

$25.00

Maximum purchase

 

$10,000.00

 

 

 

 

Fees

 

 

 

Account Setup Fee

 

None

Automatic Invesment Fee

 

$2.50

Optional Cash Purchase

 

$2.50

Reinvestment Fee

 

2% up to $2.50

Sale Fee

 

 

$15.00

 

 

 

 

Company Web Site

 

https://www.norstatesbank.com

Additional Plan Information

Agent Site




NorStates Bank DRIP Details:

The NorStates Bank Direct Stock Investment Plan offers a mediocre holding vehicle for your NorStates investment with no account setup fees, but does charge optional stock investment and dividend reinvestment fees. For most long term investors a low cost brokerage such as Sharebuilder will be the lowest cost holding vehicle for your NSFC investment.

Pros:
No account setup fee
Lower than average optional investment fees
Low minimum initial investment ($250)

Cons:
Dividend reinvestment fees
Above average stock sale fee