Earnings summaries and quarterly performance for HarborOne Bancorp.
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HarborOne Acquisition by Eastern Bankshares Completed
HONE
M&A
- Eastern Bankshares, Inc. completed its acquisition of HarborOne Bancorp, Inc. on November 1, 2025.
- HarborOne shareholders received either 0.765 shares of Eastern common stock or $12.00 in cash per share.
- After proration, approximately 84.99% of HarborOne shares were converted into stock consideration, and 15.01% into cash consideration.
- Eastern Bankshares issued approximately 41,430,788 shares of its common stock in the merger.
Nov 3, 2025, 9:00 PM
HarborOne Bancorp Announces Merger Election Deadline and Delisting Date
HONE
M&A
Delisting/Listing Issues
- The election deadline for HarborOne common stock holders to choose their preferred merger consideration is October 28, 2025, at 5:00 p.m. (Eastern Time), with the merger with Eastern Bankshares, Inc. expected to become effective shortly after midnight (Eastern Time) on November 1, 2025.
- HarborOne common stock will be delisted from the NASDAQ Global Select Market following the close of trading on October 31, 2025.
- Shareholders can elect to receive either 0.765 shares of Eastern common stock or $12.00 in cash per share, or a combination, subject to allocation and proration procedures designed to ensure that the total number of shares receiving stock consideration will be between 75% and 85% of the aggregate outstanding shares.
- Shareholders who do not make a proper election by the deadline will have their shares exchanged for a combination of stock and cash consideration, subject to the allocation and proration procedures in the Merger Agreement.
Oct 16, 2025, 8:15 PM
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