HarborOne Bancorp, Inc.: M&A transaction — HarborOne Bancorp merger with Eastern Bankshares completed; 84.99% of shares receive stock consideration

HarborOne Bancorp, Inc.

Merger closed Nov 1, 2025; HarborOne merged into Eastern; all HarborOne directors and officers ceased.
Each share converted into 0.765 Eastern shares or $12.00 cash, subject to proration and allocation.
Proration result: ~84.99% of shares received stock consideration, ~15.01% received cash.
Eastern issued approximately 41,430,788 shares in the merger, including for restricted stock awards.
HarborOne stock options converted into Eastern options using the Exchange Ratio of 0.765.

item 2.01 item 3.03 item 5.01 item 3.01 item 5.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

HarborOne Bancorp, Inc.: Articles of Organization and By-Laws ceased to be in effect upon Merger closing.

Change: bylaw amendment

Exact text from the filing

Effective upon the closing of the Merger Transaction, the Articles of Organization and the By-Laws of HarborOne ceased to be in effect.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HarborOne Bancorp, Inc. underwent a change of control involving Eastern Bankshares, Inc. for $12.00 per share in cash of HarborOne common stock (closed 2025-11-01).

Action: change of control
Counterparty: Eastern Bankshares, Inc.
Consideration: $12.00 per share in cash of HarborOne common stock
Closing: 2025-11-01

Exact text from the filing

̈ Item 2.01 Completion of Acquisition or Disposition of Assets On November 1, 2025, Eastern Bankshares, Inc. (“Eastern”), the holding company for Eastern Bank, completed its acquisition of HarborOne Bancorp, Inc.

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Source: SEC EDGAR

accession 0001104659-25-105592

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