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VIST Financial Corp Message Board

  • carciofo60 carciofo60 Apr 12, 2010 9:17 PM Flag

    More Challenges For VIST!

    Just finished reading the 2009 Form 10-K and Proxy materials. No one can make the argument that the current financial and economic crisis hasn't severely impacted the banking industry and created a very tough business environment. In terms of fianacial performance for 2009 VIST has little to be proud of when evaluating most of its key financial metrics, particularly its ROI and ROE performance. In my opinion, VIST's mission statement misses the mark in making a strong commitment to financial strength and preservation of capital. As a shareholder, I question their market strategy and don't see much in the way of a strong delivery capability. I still feel this Board and Executive Management Team are over their heads and incapable of managing through these most challenging times!

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    • You seem very much like the glass half empty kind of guy. There are many reasons this bank is doing fine in a very difficult recession. You shall see that they are growing this bank prudently with good deposit and loan growth in a conservative way. Earnings will be coming out shortly and this is a cheap stock at below tangible book value. There wealth management and insurnace company isn't even included in there book that is worth $20 million dollars. So there could be a case made that there book is really $18 (goodwill) and not the $10 tangible book. This is a real bank with a growing franchise and your glass should be half full.

      • 1 Reply to buckbrew2002
      • I don't know how you view VIST's recent move to raise capital. In my opinion, finally something positive! The Banks's decision to bring in Emerald Advisers, Inc. and Battlefield Capital Management, both very reputable folks in the financial services industry, is more than just a capital play. They will also be looking for their expertise in helping them grow shareholder value before someone a little more aggresive attempts to pick them off in a hostile move. I give this Board and Executive Management credit for acknowledging that they need help facing challenges that are a little bigger than they are capable of effectively dealing with. Again, nice move!

 

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