HarborOne shareholders approve merger with Eastern Bankshares; closing targeted for Q4 2025

Eastern Bankshares, Inc.

HarborOne shareholders voted to approve the merger at a special meeting on August 20, 2025.
Eastern intends to complete the bank merger immediately after the holdco merger on Nov 1, 2025 if conditions met.
Each HarborOne share can be exchanged for 0.765 Eastern shares, $12.00 cash, or a mix, subject to proration.
Required regulatory approvals from Fed, FDIC, MA Commissioner, and MHPF are still pending; no assurance given.
Systems conversion of HarborOne Bank to Eastern Bank's platform is expected around February 21, 2025.

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