Oneida Financial Corp. to commence second step conversion and offering
Oneida Financial Corp., a Federal corporation, announced today that Oneida Financial Corp., a Maryland corporation, the proposed holding company for The Oneida Savings Bank, and Oneida Financial, MHC have received conditional regulatory approval to commence the second step conversion and offering.
Oneida announced today it will license its US consumer flatware and dinnerware business to Robinson, a move that will give Oneida a considerable royalty revenue stream and help it pay down debt, Oneida president and CEO James Joseph says.