Eastern Bankshares, Inc. has completed its acquisition of HarborOne Bancorp, Inc., with the transaction becoming effective shortly after midnight on November 1, 2025. As part of the agreement, HarborOne merged with and into Eastern, and HarborOne Bank merged with and into Eastern Bank. Holders of HarborOne common stock were given the option to receive either 0.765 shares of Eastern common stock or $12.00 in cash per HarborOne share, subject to proration and allocation procedures. Approximately 41.4 million shares of Eastern common stock were issued in connection with the transaction, bringing the total outstanding shares of Eastern to about 238.5 million on a pro forma basis as of September 30, 2025.
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. Eastern Bankshares Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251103482264) on November 03, 2025, and is solely responsible for the information contained therein.