If You Invested in Harborone Bancorp Inc (HONE)

HarborOne Bancorp, Inc. (NASDAQ: HONE) was a publicly traded bank holding company for HarborOne Bank, a Massachusetts-chartered trust company. According to company disclosures and regulatory filings, HarborOne Bancorp, Inc. served as the parent organization for HarborOne Bank and HarborOne Mortgage, LLC. On November 1, 2025, HarborOne Bancorp, Inc. was acquired by Eastern Bankshares, Inc., the holding company for Eastern Bank, in a stock and cash transaction executed under an Agreement and Plan of Merger dated April 24, 2025. Following this transaction, HarborOne Bancorp, Inc. and HarborOne Bank were merged into Eastern Bankshares, Inc. and Eastern Bank, respectively.

Before the merger, HarborOne Bank focused on commercial banking and related financial services. As described in multiple press releases and SEC filings, HarborOne Bank served the financial needs of consumers, businesses, and municipalities throughout Eastern Massachusetts and Rhode Island. It operated a network of 30 full-service banking centers located in Massachusetts and Rhode Island, along with commercial lending offices in Boston, Massachusetts and Providence, Rhode Island. Through these locations, HarborOne Bank provided deposit and lending services tailored to retail and commercial customers within its regional footprint.

HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, provided mortgage lending services throughout New England and other states. Company communications highlight that HarborOne Mortgage originated residential mortgage loans and that HarborOne Bancorp, Inc. reported mortgage banking income as part of its noninterest income. HarborOne Mortgage’s activities contributed to HarborOne’s overall earnings profile, with gains on loan sales and the valuation of mortgage servicing rights described in the company’s quarterly financial results.

HarborOne also emphasized financial education and community engagement through “HarborOne U.” As described in the company’s news releases, HarborOne U provided a range of educational resources, including free digital content, webinars, and recordings focused on small business and personal financial education. This initiative was presented as part of HarborOne’s community-oriented approach to banking, supporting customers and local stakeholders with information and training related to financial management.

HarborOne Bancorp, Inc. was headquartered in Brockton, Massachusetts, and its common stock traded on the Nasdaq Global Select Market under the symbol HONE. In advance of the merger with Eastern Bankshares, Inc., HarborOne’s shareholders approved the merger agreement at a special meeting held on August 20, 2025, as disclosed in a Form 8-K filing. Subsequent filings detail the receipt of all required regulatory approvals and the steps taken to complete the transaction.

In connection with the merger, HarborOne Bancorp, Inc. voluntarily delisted its common stock from the Nasdaq Global Select Market. A Form 8-K dated October 16, 2025, states that HarborOne notified Nasdaq of its intention to voluntarily delist its common stock in anticipation of the merger closing. A later Form 8-K dated October 28, 2025, confirms that HarborOne filed a Form 25 to remove its common stock from listing and registration under Section 12(b) of the Securities Exchange Act of 1934, with October 31, 2025 identified as the last trading day for HONE on the Nasdaq Global Select Market.

The merger consideration structure is detailed in the merger agreement and related SEC filings. Each share of HarborOne common stock issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive, at the election of the holder and subject to allocation and proration procedures, either 0.765 shares of Eastern common stock per share of HarborOne common stock (stock consideration) or $12.00 in cash per share (cash consideration). The allocation and proration provisions were designed so that between 75% and 85% of the aggregate number of HarborOne shares outstanding immediately prior to the effective time would receive stock consideration, with the remainder receiving cash consideration.

Post-merger, HarborOne Bancorp, Inc. ceased to exist as an independent public company, and its articles of organization and bylaws were terminated as described in the company’s Form 8-K filings dated November 3, 2025 and November 4, 2025. Eastern Bankshares, Inc. indicated that HarborOne Mortgage, LLC would continue to operate as a wholly owned subsidiary of Eastern Bank until a planned merger of HarborOne Mortgage into Eastern Bank in February 2026. As a result, the HONE ticker symbol now represents a historical listing, and investors researching HarborOne Bancorp, Inc. are primarily reviewing the company’s legacy operations and the terms of its acquisition by Eastern Bankshares, Inc.

Historically, HarborOne Bancorp, Inc. reported results characteristic of a regional commercial bank holding company. Its financial releases describe net interest and dividend income derived from its loan and securities portfolios, noninterest income influenced by mortgage banking and deposit-related fees, and noninterest expenses associated with compensation, occupancy, technology, marketing, and regulatory assessments. Asset quality metrics, including nonperforming assets and allowance for credit losses, were regularly disclosed, reflecting the company’s focus on managing credit risk in its commercial and consumer loan portfolios.

For users examining HONE as a historical security, the key elements to understand are: HarborOne’s role as the holding company for HarborOne Bank and HarborOne Mortgage, its geographic focus on Eastern Massachusetts and Rhode Island with mortgage operations extending through New England and other states, its emphasis on serving consumers, businesses, and municipalities, and the completed merger with Eastern Bankshares, Inc. that resulted in the delisting of HONE and the integration of HarborOne’s operations into Eastern’s broader banking platform.