Center Bancorp Inc (CNBC) 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			$100
Maximum purchase			$50,000
Fees
Account Setup Fee			None
Automatic Investment Fee			None
Optional Cash Purchase			None
Reinvestment Fee			None
Sale Fee			Variable
Company Web Site			http://www.centerbancorp.com
Additional Plan Information			Agent Site

Center Bancorp Inc DRIP Details:
Center Bancorp Inc is a bank holding company that operates Union Center National Bank in New Jersey. The Center Bancorp Dividend Reinvestment Plan offers a poor holding vehicle for your Center Bancorp investment as it requires 1 share to enroll. For investors who don’t already own Center Bancorp shares a low cost brokerage such as Sharebuilder would be the lowest cost holding vehicle for your CNBC investment.
Pros:
No account setup fees
No dividend reinvestment fees
No investment fees
5% discount on shares purchased with reinvested dividends
Cons:
Requires 1 share to enroll