Companies

Eastern Bank and HarborOne to Merge in $490 Million Deal

Mergers and acquisitions in the U.S. banking sector are expected to jump this year under the Trump administration, according to Morgan Stanley.
Eastern Bank and HarborOne to Merge in $490 Million Deal
The recent spate of banking industry mergers has again propelled mergers and acquisitions to the forefront of business issues. Mario Tama/Getty Images
Naveen Athrappully
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HarborOne Bancorp Inc. has agreed to merge with Eastern Bankshares Inc. in a stock and cash transaction that is set to be completed by the final quarter of 2025, Eastern said in an April 24 statement.

Eastern Bankshares is the holding company for Eastern Bank, while HarborOne Bancorp is the holding company for HarborOne Bank.

Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.