Oneida Financial to Acquire New York Insurance Agency

Oneida Financial Corp., the parent company of The Oneida Savings Bank, has signed a letter of intent to acquire Bailey and Haskell Associates, an insurance agency located in central New York.

Bailey and Haskell Associates provides a diversified portfolio of insurance products and services to individuals and businesses in Madison, Oneida and Onondaga counties. The principal shareholders of the agency will continue to operate the agency for Oneida.

In addition to traditional insurance products, the agency differentiates itself with worksite marketing, alternative risk funding and financial services. The acquisition is expected to be complete before the end of the year, subject to the execution of a definitive purchase agreement and necessary regulatory approvals.