The First of Long Island Corporation (FLIC) 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			$5,000
Fees
Account Setup Fee			None
Automatic investment Fee			None
Optional Cash Purchase			None
Reinvestment Fee			None
Sale Fee			$15
Company Web Site			http://fnbli.com
Additional Plan Information			Agent Site

The First of Long Island Corporation DRIP Details:
The First of Long Island Corporation is a bank holding company that operates The First National Bank of Long Island in New York. The 1st Bank of Long Island Dividend Reinvestment Plan is a poor holding vehicle for your investment unless you already own shares. For nearly all investors who don’t already own shares a low cost brokerage such as Sharebuilder would be your lowest cost holding vehicle for your FLIC investment.
Pros:
No investment fees
No dividend reinvestment fees
No account setup fee
5% discount on shares purchased
Cons:
Requires 1 share to enroll
Above average sales fee