FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DAVIS ROBERT D 		2. Issuer Name and Ticker or Trading Symbol

VIST FINANCIAL CORP [ VIST ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

1240 BROADCASTING ROAD 		3. Date of Earliest Transaction (MM/DD/YYYY)

1/18/2011
(Street)

WYOMISSING, PA 19610
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common stock   1/18/2011     A (1) (2)    1334   A $0   7595   D    
common stock   1/18/2011     A (1) (3)    2666   A $0   10261   (4) D    
common stock                  9852   I   joint with spouse  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  The transaction represents the grant of restricted stock award to the reporting person under Issuer's 2007 Equity Incentive Plan. As required by the Interim Final Rule on TARP Standards for Compensation and Corporate Governance effective June 15, 2009 (the Rule), the restricted stock will not vest until the second anniversary on the date of grant, provided the executive remains continuously employed with the Issuer, and, once vested as otherwise described herein, the shares may not be sold or otherwise transferred by the executive except to the extent the Issuer has repaid its financial obligation to the US Dept of the Treasury (the Treasury) or under the Rule or other guidance that may be issued by the Treasury or other government agency
( 2)  Subject to Footnote (1), the restricted stock award will vest in three equal installments beginning on January 18, 2012 and continuing each anniversary thereafter through January 18, 2014
( 3)  Subject to Footnote (1), 50% of the restricted stock award will vest in three equal installments based upon satisfaction of certain corporate performance criteria for the fiscal year ending December 31, 2011. Thee balance will vest in three equal installments based upon the satisfaction of certain individual performance criteria for the year ending December 31, 2011. If the relevant criteria are achieved, 1/3 will vest on January 18, 2012, 1/3 will vest on January 18, 2013, and 1/3 will vest on January 18, 2014
( 4)  The total includes shares acquired through the Issuer's Employee Stock Purchase Plan which meets requirements of Rule 16b-3, and shares acquired with reinvested dividends through the Issuer's Dividend Reinvestment Plan

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DAVIS ROBERT D
1240 BROADCASTING ROAD
WYOMISSING, PA 19610

President & CEO

Signatures
Jenette L. Eck, attorney-in-fact 1/19/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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