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Company Description (as filed with the SEC)
Oneida Financial Corp. (sometimes herein referred to as the “Company”) is a Maryland corporation. On July 7, 2010, Oneida Financial Corp. completed its conversion from the mutual holding company structure and the related public offering and is now a stock holding company that is fully owned by the public. As a result of the conversion, the mutual holding company and former mid-tier holding company were merged into Oneida Financial Corp. The Oneida Savings Bank (“Oneida Savings Bank”) is 100% owned by the Company and the Company is 100% owned by public stockholders. The Company sold a total of 3,937,500 shares of common stock, par value $0.01 per share, in the offering, including 157,500 shares to the Oneida Savings Bank employee stock ownership plan. All shares were sold at a price of $8.00 per share, raising $31.5 million in gross proceeds. Conversion related expenses of $2.5 million were offset against the gross proceeds, resulting in $29.0 million of net proceeds. ... More ...