Damon Del Monte

Laura Havener Hunsicker

Mark Fitzgibbon

Gregory Zingone

Laurie Hunsicker

- **Eastern Bankshares, Inc.** and **HarborOne Bancorp, Inc.** have received all necessary regulatory approvals to complete their proposed merger, which was previously announced on **April 24, 2025**.  **[1810546_0001193125-25-220748_d944778dex991.htm:0]** **[1810546_0001193125-25-220748_d944778d8k.htm:1]** 
- The companies expect the merger to close on or about **November 1, 2025**.  **[1810546_0001193125-25-220748_d944778dex991.htm:0]** **[1810546_0001193125-25-220748_d944778d8k.htm:1]** 
- This partnership is anticipated to create a **$30 billion** locally-based, community-focused organization, expanding Eastern's presence and branch network into Rhode Island.  **[1810546_0001193125-25-220748_d944778dex991.htm:0]** 
- The full integration of HarborOne banking and mortgage products and services to Eastern Bank’s systems is expected to occur over the weekend of **February 21, 2026**.  **[1810546_0001193125-25-220748_d944778dex991.htm:0]**

Eastern Bankshares and HarborOne Bancorp Receive Regulatory Approvals for Merger

- Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. announced the distribution of **election materials** to HarborOne shareholders for their pending merger.  **[1810546_0001193125-25-216181_d14555dex991.htm:0]** **[1810546_0001193125-25-216181_d14555d8k.htm:1]** 
- HarborOne shareholders can elect to receive **0.765 shares of Eastern common stock** or **$12.00 in cash** per share, or a combination, subject to allocation and proration procedures.  **[1810546_0001193125-25-216181_d14555dex991.htm:0]** 
- The anticipated election deadline for most shareholders is **October 28, 2025, at 5:00 P.M. Eastern Time**, with an earlier deadline of **October 23, 2025, at 5:00 P.M. Eastern Time** for ESOP and 401(k) plan participants.  **[1810546_0001193125-25-216181_d14555dex991.htm:1]** **[1810546_0001193125-25-216181_d14555d8k.htm:2]** **[1810546_0001193125-25-216181_d14555dex992.htm:5]** 
- The merger is expected to become effective on **November 1, 2025**, following HarborOne shareholder approval on **August 20, 2025**.  **[1810546_0001193125-25-216181_d14555dex991.htm:0]** **[1810546_0001193125-25-216181_d14555d8k.htm:1]**

Eastern Bankshares (EBC)