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.
Topics Mergers & Acquisitions New York
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Approach $1M Average, Says Allianz 
AI’s Water Strain Includes Surging Demand From Electricity Use 
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say 
Industry Reacts to Senators’ Letter for Claims Data and Recent Reports 
