Eastern Bank to broach Rhode Island with $490M HarborOne deal

Eastern Bank to broach Rhode Island with $490M HarborOne deal

The transaction, set to close in the fourth quarter, would add 30 locations and $5.7 billion in assets to Eastern. The Boston bank has tended to expand through acquisition every two years.

Eastern Bank to merge with HarborOne Bank in $490M deal

The deal still requires regulatory approval. Eastern has $25 billion in assets, the largest deposit market share of any Massachusetts-based bank in the state.

Eastern in Boston strikes deal for crosstown rival

The acquisition of the $5.7 billion-asset HarborOne Bancorp would be Eastern's third purchase of a Boston-area bank in the last five years.

Eastern Bank to Buy HarborOne in $490M Deal

Eastern Bank says it's agreed to buy HarborOne Bank in a cash-and-stock deal that will give the former a substantial beachhead in the Rhode Island market.

HarborOne, Eastern Bankshares seal $490m merger deal

Eastern Bankshares and HarborOne Bancorp have signed a definitive agreement to merge, with the transaction valued at around $490m. This will see HarborOne merge with and into Eastern in cash-stock deal. The completion of the merger is anticipated in the fourth quarter (Q4) of 2025, contingent on customary conditions such as regulatory approvals and shareholder consent from HarborOne. All directors and executive officers of HarborOne have committ…

Eastern Bankshares and HarborOne Bancorp To Merge

BOSTON & BROCKTON, Mass.–(BUSINESS WIRE)–Eastern Bankshares, Inc. (Nasdaq: EBC), the holding company for Eastern Bank, and HarborOne Bancorp (Nasdaq: HONE), the holding company for HarborOne Bank, today jointly announced they have entered into a definitive merger agreement pursuant to which HarborOne will merge with and into Eastern in a stock and cash transaction. Under the terms of the merger agreement, which has been unanimously adopted by bo…