Welcome to our dedicated page for Harborone Bancorp news (Ticker: HONE), a resource for investors and traders seeking the latest updates and insights on Harborone Bancorp stock.
HarborOne Bancorp, Inc. was the bank holding company for HarborOne Bank and HarborOne Mortgage, LLC before its completed acquisition by Eastern Bankshares, Inc.
News about HONE centered on bank operating results, net interest margin, expenses, noninterest income, loan and deposit conditions, shareholder voting matters, merger-related expenses, and the completion and consideration mechanics of the transaction that ended HarborOne's separate public-company status.
HarborOne Bancorp, the holding company of HarborOne Bank, has declared a cash dividend of $0.08 per share for the second quarter of 2024.
The dividend will be paid on July 24, 2024, to shareholders of record as of July 10, 2024. The company trades under the stock symbol 'HONE' on NASDAQ.
HarborOne Bank has announced the recipients of its 2024 ONECommunity Scholarships, awarding a total of $100,000 to 20 students from Massachusetts and Rhode Island. Each recipient will receive a $5,000 scholarship, which will be paid directly to the college or university they will attend in the fall of 2024. This initiative is part of HarborOne Bank's long-term commitment, started in 2016, to support college affordability and invest in educational opportunities. To date, the ONECommunity Scholarship Program has granted $900,000 in scholarships. The bank plans to invest a total of $1 million over a 10-year period aimed at fostering educational excellence and community involvement among high school seniors.
HarborOne Bancorp announced a share repurchase program approved by its Board of Directors, allowing the company to buy back up to 2,222,568 shares, approximately 5% of its outstanding shares, for a total of up to $20 million.
The repurchases can be made in open market transactions under a trading plan consistent with SEC Rule 10b5-1. The program, ending May 28, 2025, gives flexibility regarding the timing and number of shares repurchased based on price, market conditions, and other corporate priorities. The company is not obligated to purchase a specific number of shares, and the program can be suspended or terminated at any time without prior notice.
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