Eastern Bankshares completed its merger with HarborOne Bancorp at 12:01 a.m. Eastern Time on 1 November 2025, bringing together two Massachusetts-based community banks in a transaction valued at approximately $490 million. The merger closed as scheduled following the receipt of all required regulatory approvals.
In completing the merger, Eastern issued approximately 26.9 million new shares to HarborOne shareholders as the stock portion of the consideration (0.765 Eastern shares for each of 84.99% of HarborOne shares), with the remaining 15.01% of HarborOne shares receiving US$12.00 each in cash. HarborOne's common stock last traded on NASDAQ on 31 October 2025, the trading day immediately preceding the effective date of the merger.
HARBORONE'S MARKETS
HarborOne had a retail and commercial banking presence in southeastern Massachusetts and Rhode Island, markets that strengthen Eastern's existing presence in Greater Boston and extend its footprint into Rhode Island.
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