Eastern Bankshares (EBC) Acquisition Completion Update
EBC confirmed the completion of its merger with HarborOne Bancorp, Inc. effective November 1, 2025. This amendment corrects details regarding merger consideration.
Key Transaction Metrics:
- Final allocation: 84.99% of former HarborOne shares received Stock Consideration (0.765 EBC shares) and 15.01% received the $12.00 Cash Consideration.
- Total Eastern common stock issued: Approximately 26,936,260 shares.
- Cash consideration was funded via cash on hand, supported by a $125M dividend from Eastern Bank.
*Management Cha
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