secwatch.observer — SEC 8-K summary
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Issuer:     Eastern Bankshares, Inc. (EBC)
CIK:        0001810546
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001193125-25-262660
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Bankshares completes HarborOne acquisition; issues ~41.4M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810546/000119312525262660/0001193125-25-262660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810546/000119312525262660/d860427d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-262660

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer