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NY company announces plans to acquire locally based bank

Published On: Jan 25 2012 07:00:00 PM EST   Updated On: Jan 26 2012 06:16:34 PM EST

A financial company from New York plans to acquire Berks County-based VIST Financial.

NEW YORK -

A financial company from New York plans to acquire Berks County-based VIST Financial.

Tompkins Financial Corporation said it's agreed to buy VIST for $86 million.

Officials said VIST will operate as a subsidiary of Tompkins, and VIST's CEO, Robert Davis, will remain in place.

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Bank officials said they expect the deal to close later this year, but it still needs to be approved by regulators and shareholders.