VIST Financial announces plans for public offering of common stock

Stifel Nicolaus and Sandler O'Neill & Partners are underwriters

By Angela McDaniels

Tacoma, Wash., July 21 - VIST Financial Corp. plans to price a public offering of common stock. The issue size and the price per share have not been set.

Stifel, Nicolaus & Co., Inc. and Sandler O'Neill & Partners, LP are the underwriters, according to an S-1 filing with the Securities and Exchange Commission.

The company noted that it pays a quarterly cash dividend of $0.05 per share.

The company's stock closed at $6.90 (Nasdaq: VIST) on July 20. Its market capitalization is $44.44 million.

Proceeds will be contributed to the capital of VIST Bank, which will use the funds for general operating purposes. A portion of the proceeds may be used by VIST Financial for the pursuit of strategic opportunities, the redemption of some or all of the preferred stock issued to the Treasury under the TARP Capital Purchase Plan and the payment of dividends.

VIST Financial is a financial services company based in Wyomissing, Pa.

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