WYOMISSING, Pa., July 21, 2011 /PRNewswire/ -- VIST Financial
Corp. (NASDAQ: VIST) (the "Company") announced today that it has
filed a registration statement on Form S-1 with the Securities and
Exchange Commission (the "SEC") registering $30 million of its common stock for a proposed
underwritten public offering. The number of shares to be
offered and the timing of the offering have not yet been
determined.
Stifel, Nicolaus & Company, Incorporated will act as book
runner for the offering, and Sandler & O'Neill +
Partners will be co-manager for the offering.
The Company intends to direct certain shares to its existing
shareholders who, at the appropriate time, express an interest in
increasing their investment in the Company as part of the overall
offering. No specific number of shares has been allocated to
existing shareholders. The Company intends to use the
proceeds from the offering for general corporate purposes,
including investment in the capital of VIST Bank, the Company's
wholly owned bank subsidiary.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. The
offering will be made only by means of the written prospectus that
will form part of the effective registration statement. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
Copies of the preliminary prospectus may be obtained, when
available, from Stifel, Nicolaus & Company, Incorporated Attn:
Prospectus Department, One South
Street, 15th Floor, Baltimore,
MD 21202 or by telephone at (443) 224-1988.
About VIST Financial:
VIST Financial is a 101-year-old, diversified financial services
company with $1.4 billion in assets
and is headquartered in Wyomissing, Berks
County, PA. VIST provides trusted advisors in banking,
insurance and wealth management to businesses and individuals
throughout Berks, Southern Schuylkill, Montgomery, Delaware and Philadelphia Counties. Learn more at
www.vistfc.com.
This release may contain forward-looking statements with
respect to the Company's beliefs, plans, objectives, goals,
expectations, anticipations, estimates and intentions that are
subject to significant risks and uncertainties, and are subject to
change based on various factors, some of which are beyond the
Company's control. The Company does not undertake to update any
forward-looking statement, whether written or oral that may be made
from time to time by or on behalf of the Company.
SOURCE VIST Financial Corp.