Replies to post #2 on ACA Capital Holdings, Inc. (fka ABPA)

[otc]

ABPA - Wednesday, November 24 2010 9:00 AM, EST
Acquisitions: Vist Financial Buys Allegiance Bank

M2 Communications "InvesTrend"
(Comment on this article at http://www.financialwire.net/2010/11/24/vist-buys-allegiance/)

November 24, 2010 (FinancialWire) (http://www.financialwire.net/) -- Vist Financial Corp. (NASDAQ: VIST) said that it has acquired, through its subsidiary Vist Bank, most of the assets and all of the deposits of the former Allegiance Bank of North America, Bala Cynwyd through a purchase and assumption agreement with the Federal Deposit Insurance Corp.



The Pennsylvania Department of Banking declared Allegiance Bank closed at the end of last week and appointed the FDIC as receiver.



As of September 30, Allegiance Bank had around $92 million in deposits and posted $107 million in assets. Allegiance Bank loans will be subject to a loss-sharing agreement with the FDIC.



Vist Financial said it expects the acquisition to be accretive to earnings in the fourth quarter, 2010.



Pennsylvania-based Vist Financial provides trusted advisors in banking, insurance and wealth management to businesses and individuals throughout Berks, Southern Schuylkill, Montgomery, Delaware, and Philadelphia Counties.



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