Eastern Bankshares to Acquire HarborOne Bancorp in a $490 Million Deal

Eastern Bankshares, Inc. (EBC) entered a merger agreement on April 24, 2025, to acquire HarborOne Bancorp, Inc. (HONE) in a deal valued at about $796.78 million, including debt.

Deal Structure:

Under the terms of the agreement, shareholders of HarborOne will receive, for each share of HarborOne common stock, either 0.765 shares of Eastern common stock or $12 in cash, at the election of the shareholder. The cash consideration represents a 19.28% premium from the stock’s last close.

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