WYOMISSING, Pa., Nov. 9 /PRNewswire-FirstCall/ -- VIST Financial Corp. ("Company") (NASDAQ:VIST) today announced that it will amend its Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and Forms 10-Q for the periods ended March 31, 2009 and June 30, 2009 to revise the fair value on certain Junior Subordinated Debentures and cash flow hedges related to those debentures. VIST will reflect similar adjustments in its Form 10-Q for the quarter ended September 30, 2009. VIST has filed for an extension to file its Form 10-Q for the third quarter of 2009 in order to make the required accounting adjustments, and expects to file the Form 10-Q no later than Monday, November 16, 2009. The net effect on the September 30, 2009 balance sheet is unchanged from that reported in the Company's press release of October 20, 2009. According to Robert D. Davis, President and CEO, "The Company has determined that the accounting treatment under FASB ASC 815 previously used to report the fair value of Junior Subordinated Debt, the fair value of the cash flow hedges and the resultant change in value and the unrealized gain(loss) reported in Accumulated Other Comprehensive Income (AOCI) was incorrect. The accounting treatment should have been in accordance with FASB ASC 825 and reported in operations." Davis continued, "Based on the Company's analysis as of this date, other than the specific timing of the income effect on the period earnings, the cumulative impact on earnings over the four reporting periods were not affected and all balance sheet items reported in the October 20, 2009 press release remain unchanged." Davis emphasized, "It is important to note that the revisions to the Company's consolidated financial statements do not affect cash, liquidity, tangible net worth or regulatory capital. VIST Financial continues to meet all "well capitalized" regulatory benchmarks." VIST Financial Corp. is a diversified financial services company headquartered in Wyomissing, PA, offering banking, insurance, investments, wealth management, and title insurance services throughout Berks, Southern Schuylkill, Montgomery, Delaware, Philadelphia and Lancaster Counties. 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. DATASOURCE: VIST Financial Corp. CONTACT: Edward C. Barrett, Chief Financial Officer of VIST Financial, +1-610-603-7251 Web Site: http://www.vistfc.com/

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