Business Wire·Oct 28, 2025, 4:15 PM ET

Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. Announce Merger to be Effective on November 1, 2025

EBC HONE

Eastern Bankshares, Inc. (Eastern) & HarborOne Bancorp, Inc. (HarborOne) completed the closing of their merger under the April 24, 2025 Agreement & Plan of Merger.
The merger of HarborOne into Eastern & HarborOne Bank into Eastern Bank becomes effective shortly after midnight Eastern Time on November 1, 2025.
Joseph F. Casey & Michael J. Sullivan were appointed as directors of Eastern & Eastern Bank effective at the Effective Time; Casey is currently CEO & Board Member of HarborOne, while Sullivan is currently Chairman of HarborOne.
The deadline for HarborOne common stock holders to elect their preferred form of merger consideration was 5:00 p.m. Eastern Time on October 28, 2025.
Eastern anticipates announcing the results of allocation & proration procedures on or before Monday, November 3, 2025.
HarborOne common stock will be delisted from the NASDAQ Global Select Market following the close of trading on October 31, 2025.
HarborOne common stock will trade for the last time on October 31, 2025.
Detailed merger information is available in the proxy statement/prospectus filed with the SEC on June 27, 2025.
Forward-looking statements in the release are subject to risks including potential delays in realizing synergies, integration challenges, regulatory changes, & market uncertainties.
Eastern Bank is Greater Boston's leading local bank with approximately $25.5 billion in assets as of September 30, 2025.
HarborOne Bank serves Eastern Massachusetts & Rhode Island through 30 full-service banking centers & commercial lending offices.