HarborOne Bancorp, Inc. Announces Merger with Eastern Bankshares, Inc.

HarborOne Bancorp, Inc. has announced the completion of its merger with Eastern Bankshares, Inc. The merger, which was agreed upon on April 24, 2025, will see HarborOne merge into Eastern, with Eastern as the surviving entity. The merger will become effective shortly after midnight on November 1, 2025. As part of the merger, HarborOne's common stock will be delisted from the NASDAQ Global Select Market, with the last trading day being October 31, 2025. The merger also includes the appointment of Joseph F. Casey and Michael J. Sullivan as directors of Eastern and Eastern Bank, effective at the time of the merger. The merger is expected to bring significant benefits, including revenue and expense synergies, although there are risks and uncertainties that could affect the outcome.