---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-093671"
form_type: "8-K"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:14:06.446721+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Eastern Bankshares to acquire HarborOne; shareholders elect 0.765 shares or $12 cash

## Summary
- HarborOne shareholders can elect 0.765 Eastern shares or $12 cash per share, subject to proration between 75%-85% stock consideration.
- Deal expected to close Q4 2025; can be deferred to Feb 20, 2026. Termination fee of $18.9M from HarborOne.
- Voting agreements with all HarborOne directors and executives (~3.92% of shares) to vote in favor.
- Upon closing, HarborOne CEO Joseph Casey and one other director to join Eastern's board.
- Merger requires regulatory approvals and HarborOne shareholder vote; unanimous board approval on both sides.

## SEC filing metadata
- accession: 0001193125-25-093671
- form_type: 8-K
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810546/000119312525093671/0001193125-25-093671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000119312525093671/d945985d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-093671
- JSON: https://secwatch.observer/filing/0001193125-25-093671.json
- Plain text: https://secwatch.observer/filing/0001193125-25-093671.txt

## Key facts
- Executive change
  Joseph F. Casey was appointed as Director at Eastern Bankshares, Inc..
  - Action: will join
  - Role: Director
  source text: Upon and subject to the completion of the Merger, Joseph F. Casey, HarborOne’s President and Chief Executive Officer, and one other current member of the HarborOne board of directors will join the respective Boards of Directors of the Company and Eastern Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810546/000119312525093671/0001193125-25-093671-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.