HarborOne Bancorp Faces Legal Challenges as Merger with Eastern Bank Proceeds

Reuters

Aug 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. 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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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HONE","symbol_name":"HarborOne Bancorp, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250806:nNDL8PGMYx:1","article_id":"2557300222","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557300222","pubTimestamp":1754514792,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Disclaimer: This news brief was created by Public Technologies  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 , on August 06, 2025, and is solely responsible for the information contained therein.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HONE":"HarborOne Bancorp, Inc.","EBC":"Eastern Bankshares Inc","BK4211":"区域性银行"},"translate_title":"随着与东方银行合并的进行，HarborOne Bancorp面临法律挑战","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBC":0.9,"HONE":0.9},"content_text":"HarborOne Bancorp Faces Legal Challenges as Merger with Eastern Bank Proceeds\n    \n\nHarborOne 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.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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