March 15, 2010 (FinancialWire) — Oneida Financial Corp. (NASDAQ: ONFC), the holding company of The Oneida Savings Bank, located in Oneida, New York, said that Oneida Financial Corp., a new Maryland corporation, has filed a registration statement on March 12, 2010 with the Securities and Exchange Commission in connection with the mutual-to-stock conversion of Oneida Financial, MHC.

In connection with the conversion, Oneida Financial-New expects to offer for sale between 3,346,875 and 4,528,125 shares of common stock at a purchase price of $8 per share.

The shares to be offered for sale represent the 55.2% of the outstanding shares of common stock of Oneida Financial Corp. currently owned by Oneida Financial, MHC. In addition, at the conclusion of the conversion, the existing shares of common stock held by the public stockholders of Oneida Financial Corp. will be exchanged for shares of common stock of Oneida Financial-New at an exchange ratio estimated to be between 0.7766 and 1.0507 (subject to a 15% increase to 1.2083).

Oneida Financial Corp.’s wholly owned subsidiaries include The Oneida Savings Bank, a New York State chartered FDIC insured stock savings bank; State Bank of Chittenango, a state chartered limited-purpose commercial bank; Bailey, Haskell & LaLonde Agency, an insurance and risk management company; Benefit Consulting Group, an employee benefits consulting and retirement plan administration firm; and Workplace Health Solutions, a risk management company specializing in workplace injury claims management.

The Oneida Savings Bank was established in 1866 and operates twelve full-service banking offices in Madison, Oneida and Onondaga counties.

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