HarborOne Bancorp Faces Legal Challenges as Merger with Eastern Bank Proceeds

Reuters
08/07
HarborOne Bancorp Faces Legal Challenges as Merger with Eastern Bank Proceeds

HarborOne Bancorp, Inc. has disclosed an update regarding its merger with Eastern Bankshares, Inc. According to HarborOne, Eastern will acquire both HarborOne and its subsidiary, HarborOne Bank, through a merger process where HarborOne will merge into Eastern, which will emerge as the surviving entity. Following this, HarborOne Bank is set to merge with Eastern Bank, making Eastern Bank the surviving bank. The transaction has encountered some challenges, as HarborOne received 11 demand letters from purported shareholders between June 23, 2025, and July 31, 2025, alleging omissions in the proxy statement/prospectus. Additionally, a complaint was filed in New York state court by a purported individual shareholder against the Company and certain members of its board of directors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HarborOne Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001558370-25-010562), on August 06, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10