Mercantile Bank Corporation (MBWM) 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			$250,000
Fees
Account Setup Fee			None
Automatic investment Fee			None
Optional Cash Purchase			None
Reinvestment Fee			None
Sale Fee			$15.00
Company Web Site			https://www.mercbank.com
Additional Plan Information			Agent Site

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