Eastern Bank receives all approvals for acquisition of HarborOne Bank
Update to the following post: Eastern Bank to acquire HarborOne Bank and expand MA, RI presence – New England Council
New England Council member Eastern Bank reported that its merger with HarborOne Bank has received all necessary approvals to close the deal. This merger was announced in April of this year, and in August, HarborOne shareholders approved all matters relating to the merger.
The deal is expected to close on or around November 1, with full integration set for the end of February 2026. Following the merger, customers will continue to be served separately, but with HarborOne Bank operating as a division within Eastern Bank. This will not only provide time for the conversion of HarborOne’s banking and mortgage products and services to Eastern Bank’s systems, but also for the integration of Eastern Bank’s systems with HarborOne’s systems. It will also allow the closure of several Eastern Bank branches that overlap with preexisting HarborOne locations. All personnel employed in these branches will remain employed by the banks.
This is an exciting time as our two banks come together. We share a deep commitment to colleague development, personalized customer service and community engagement. I am thrilled to be joining the Eastern Boards and look forward to our future together,” said Joseph F. Casey, HarborOne’s President and CEO.
The New England Council congratulates Eastern and HarborOne Banks on this important milestone in the merger process.
Read more via Boston Business Journal and Business Wire.