San Diego, Jan. 26, 2012 (Shareholders Foundation) -- Following the announcement that VIST Financial Corporation agreed to be acquired by Tompkins Financial for a value of $12.50 per VIST common share prompted investigations for investors in VIST Financial Corp. (NASDAQ:VIST) shares concerning whether the offer to acquire VIST Financial Corp. and the buyout process are unfair to investors in VIST shares.

The investigations by law firms concern whether VIST Financial Corp., certain officers and directors, and/or others breached their fiduciary duties to VIST Financial Corporation (NASDAQ:VIST) investors in connection with the proposed acquisition.

On Jan. 26, 2012, Tompkins Financial Corporation (NYSE-AMEX) and VIST Financial Corp (NASDAQ: VIST) announced that they have entered into a merger agreement under which Tompkins Financial will acquire VIST Financial Corp. for a value of $12.50 per VIST common share or a transaction valued of approximately $86.0 million.
Following the takeover news shares of VIST Financial Corp. (NASDAQ:VIST) increased from $6.90 per share on Wednesday to $11.30 on

However, the investigation for NASDAQ:VIST investors concerns whether the VIST Financial Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to VIST Financial Corp. (VIST) shareholders by failing to adequately shop the Company before entering into this transaction. In particular, VIST has reported a book value of $17.80 per share for the most recent quarter.
A potential securities class action lawsuit would seek to maximize the amount of money and information NASDAQ:VIST shareholders would receive in a buyout, so the law firm.