Eastern Bankshares, Inc. (EBC): M&A transaction — Eastern Bankshares completes HarborOne acquisition; issues ~41.4M shares

Eastern Bankshares, Inc.

Acquisition of HarborOne closed Nov 1, 2025; HONE shareholders receive 0.765 EBC shares or $12 cash per share.
84.99% of HONE shares converted to stock, 15.01% to cash; EBC issued ~41.43M shares in the merger.
Pro forma shares outstanding as of Sept 30, 2025: ~238.45M.
Two former HarborOne directors, Joseph F. Casey and Michael J. Sullivan, appointed to Eastern boards.
HarborOne Mortgage to operate as subsidiary until Feb 2026, then merge into Eastern Bank.

Key facts

Extracted from this filing and checked against the source text.

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

Eastern Bankshares, Inc. completed an acquisition involving HarborOne Bancorp, Inc. for 0.765 shares of Eastern common stock per share of HarborOne common stock, and cash in lieu of any fractional share; or $12.00 per share in cash (closed 2025-11-01).

Action: acquisition
Counterparty: HarborOne Bancorp, Inc.
Consideration: 0.765 shares of Eastern common stock per share of HarborOne common stock, and cash in lieu of any fractional share; or $12.00 per share in cash
Closing: 2025-11-01

Exact text from the filing

(“Eastern”), the holding company for Eastern Bank, completed its acquisition of HarborOne Bancorp, Inc. (“HarborOne”) and its subsidiaries, including HarborOne Bank and HarborOne Mortgage, LLC (“HarborOne Mortgage”).

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Eastern Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-262660

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