Eastern Bankshares completes HarborOne acquisition; issues 26.9M shares, pays $74.6M cash

Eastern Bankshares, Inc.

Closed HarborOne merger on Nov 1, 2025; holders could elect 0.765 EBC shares or $12 cash per share, subject to allocation.
Total consideration: ~26.9 million EBC common shares issued plus $74.6 million cash paid.
Stock consideration allocated to 75-85% of outstanding HarborOne shares; transaction qualifies as tax-free reorganization.
Filed unaudited pro forma condensed combined balance sheet as of June 30, 2025 and income statements for six months ended June 30, 2025 and FY2024.

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