VIST Financial Corp. Announces Filing of Form S-1 for $30,000,000 of Common Stock
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.
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