Our programs will allow Shareholders to take advantage of some unique positions offered by Sherwood State Bank.
Dividend Reinvestment Program (DRIP)
A Dividend Reinvestment Program (DRIP) is a government approved securities program providing stockholders of a company the ability to reinvest cash dividends directly into the common stock of the company. A DRIP also allows stockholders the ability to make quarterly cash contributions (up to $2,000) into their individual DRIP account for the purchase of additional shares of common stock. Our profitability has increased year-over-year and the Board wants to ensure a program exists for stockholders as cash dividends are declared.
Self-Directed IRAs
A Self-Directed Individual Retirement Account (IRA) allows investors to utilize their long-term investment dollars held in an IRA for the purchase of stock in our Bank Holding Company Sherwood Banc Corporation. Unlike similar accounts from brokerage firms, Sherwood State Bank does not charge fees for Self-Directed IRAs. Shareholders can transfer an existing IRA account from another financial institution or open a new IRA with Sherwood State Bank.
Self-Directed IRAs also allow continual cash contributions to build your investment in Sherwood Banc Corporation by purchasing shares as they become available. Self-Directed IRAs follow the same guidelines as established for regular IRAs on contributions and withdrawals.
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Statements made on this webpage are a reflection of past performance of this bank and holding company and should not be considered a projection of future performance. Investments involve varying degrees of risk, including possible loss of principal. Funds held in corporate stock are not considered a deposit of the bank, and are not insured by the FDIC or any other government agency.