April 26, 2010 (FinancialWire) — Vist Financial Corp. (NASDAQ: VIST) said that it has entered into purchase agreements, which will raise $5.2 million in new capital through the issuance of 644,000 shares of common stock to two institutional investors who specialize in the banking sector, at a price of $8 a share.

Robert D. Davis, the firm’s president and CEO said, "The modest capital raise allows us to take advantage of market opportunities, anticipates new regulatory capital guidelines and provides us with a capital cushion if the economy does not improve as expected."

CFO Edward, C. Barrett added that, although Vist had indications of interest to purchase an additional 600,000 to 900,000 shares at $8, it declined to increase the company’s shares outstanding.

Pennsylvania-based Vist Financial is a financial services company offering banking, insurance, investments and wealth management services throughout Berks, Southern Schuylkill, Montgomery, Delaware, and Philadelphia Counties.

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