Businesswireยท2025-11-03 22:53Core Points - Eastern Bankshares, Inc. has completed the acquisition of HarborOne Bancorp, Inc. on November 1, 2025, as per the Merger Agreement dated April 24, 2025 [1][16] - The merger involved the conversion of HarborOne common stock into either stock or cash consideration, with specific proration and allocation procedures outlined in the Merger Agreement [2][4] Merger Details - Each share of HarborOne common stock was converted into the right to receive either 0.765 shares of Eastern common stock or $12.00 in cash, subject to proration [4][5] - Approximately 91.87% of HarborOne shareholders elected to receive stock consideration, while 2.03% opted for cash, and 6.10% did not make a timely election [6] - After proration, 84.99% of the shares were converted to stock consideration, and 15.01% to cash consideration [6] Share Issuance - Eastern issued approximately 26,936,260 shares of its common stock in connection with the merger, resulting in a pro forma total of 238,450,578 shares outstanding as of September 30, 2025 [7] Additional Information - The Merger Agreement and related documents are available on the SEC's website and Eastern's corporate website [8][9] - Eastern Bank, founded in 1818, is a leading local bank in Greater Boston with approximately $25.5 billion in assets as of September 30, 2025 [14]