Oneida Financial Corp.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Oneida Financial Corp. (NASDAQ GM: ONFC) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Oneida Financial Corp. (“Oneida” or the “Company”) (NASDAQ GM: ONFC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Community Bank System, Inc. (“Community Bank”) (NYSE: CBU), in a transaction valued at approximately $142 million.

Under the terms of the agreement, shareholders of Oneida can elect to receive either 0.5635 shares of Community Bank common stock or $20.00 in cash for each share of Oneida common stock they hold, subject to an overall 60% stock and 40% cash split.

The investigation concerns whether Oneida’s board of directors failed to adequately shop the Company and obtain the best possible value for Oneida’s shareholders before entering into an agreement with Community Bank.

If you own the common stock of Oneida and purchased your shares before February 24, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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