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Oneida Financial Corp. owns all of the capital stock of The Oneida Savings Bank (the Bank). The Company is majority-owned by Oneida Financial, MHC, a mutual holding company (the Mutual Holding Company). Through the Bank and its municipal bank subsidiary, the Company has deposits totaling $ 400.1 million. The Bank is a community bank engaged primarily in the business of accepting deposits from customers through its main office and 11 full service branch offices and using those deposits, together with funds generated from operations and borrowings to make one- to four- family residential and commercial real estate loans, commercial business loans, consumer loans and to invest in mortgage-backed and other securities. The Bank also sells insurance and other commercial services and products. On April 2, 2007, the Bank completed its acquisition of Vernon Bank Corporation and its wholly owned subsidiary, The National Bank of Vernon.(Source: 10-K)