Eastern Bankshares, Inc. (EBC): M&A transaction — Eastern Bankshares completes HarborOne acquisition; issues ~26.9M shares, 85% stock consideration

Eastern Bankshares, Inc.

Merger effective Nov 1, 2025; 91.87% of HarborOne shares elected stock, 2.03% cash, 6.10% no election.
After proration, 84.99% of HarborOne shares converted to stock consideration and 15.01% to cash.
Eastern issued ~26,936,260 shares; pro forma shares outstanding ~238.45M as of Sep 30, 2025.
Joseph F. Casey (former HarborOne CEO) and Michael J. Sullivan (former Chairman) appointed to Eastern's board.

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

Action: acquisition
Counterparty: HarborOne Bancorp, Inc.
Consideration: Merger Consideration consisting of 0.765 shares of Eastern common stock per share of HarborOne common stock (Stock Consideration) or $12.00 per share in cash (C
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 0001193125-25-263387

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