Horizon Bancorp (HBNC) 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			10 Shares
Purchases
Minimum purchase			$25
Maximum purchase			$5,000
Fees
Account Setup Fee			None
Automatic Investment Fee			None
Optional Cash Purchase			None
Reinvestment Fee			None
Sale Fee			$15.00
Company Web Site			http://www.accesshorizon.com
Additional Plan Information			Agent Site

Horizon Bancorp DRIP Details:
Horizon Bancorp is a bank holding company that operates Horizon Bank in Indiana and Michigan. The Horizon Bancorp Dividend Reinvestment Plan offers a poor holding vehicle for your Horizon Bank investment as it requires at least 10 shares to enroll. For investors who don’t already own Horizon Bancorp shares, a low cost brokerage such as Sharebuilder would most likely be your lowest cost holding vehicle for your HBNC investment.
Pros:
No account setup fees
No dividend reinvestment fees
No investment fees
Cons:
Requires 10 shares to enroll