WYOMISSING PA – VIST Financial Corp. said Friday (April 23, 2010) it would raise $5.2 million in new capital by issuing 644,00 shares of common stock to two institutional investors that specialize in banking.
VIST, which operates an insurance and benefit plans office in Sanatoga PA, and banking branches in Oaks, Birdsboro, Exeter and Fleetwood PA, said the sale would allow it to take advantage of “market opportunities” and gives it “a capital cushion if the economy does not improve as expected.”
The two investors were Emerald Advisers Inc. of Lancaster PA, and Battlefield Capital Management of Valley Forge PA. The stock sold at $8 per share.
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April 23, 2010 at 5:34 pm
[...] VIST Financial Sells Stock, Raises Capital The company, which operates an insurance office in Sanatoga, is bringing in an additional $5.2 million in funding. [...]