HarborOne Bancorp, Inc.: M&A transaction — HarborOne acquired by Eastern Bankshares; 84.99% of shares get stock, 15.01% cash

HarborOne Bancorp, Inc.

Merger closed Nov 1, 2025; each HarborOne share converted into 0.765 Eastern shares or $12 cash, subject to proration.
91.87% of shares elected stock, 2.03% cash, 6.10% no election; proration yielded 84.99% stock, 15.01% cash.
Eastern issued approx 26,936,260 shares in the merger, including for PSUs and RSAs.
All HarborOne directors and executive officers ceased serving effective Nov 1, 2025.
Amendment corrects prior disclosures on merger consideration elections and shares issued.

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.: 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.

View on SEC.gov

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

HarborOne Bancorp, Inc.: Articles of Organization ceased to be in effect upon merger closing.

Change: charter 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.

View on SEC.gov

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 0.765 shares of Eastern common stock per share of HarborOne common stock or $12.00 per share in cash (closed 2025-11-01).

Action: change of control
Counterparty: Eastern Bankshares, Inc.
Consideration: 0.765 shares of Eastern common stock per share of HarborOne common stock or $12.00 per share in cash
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.

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001104659-25-105934

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.