PRESS RELEASE
29 April 2025

Goodwin Represents HarborOne Bancorp In $490 Million Merger With Eastern Bankshares

GP
Goodwin Procter LLP

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At Goodwin, we partner with our clients to practice law with integrity, ingenuity, agility, and ambition. Our 1,600 lawyers across the United States, Europe, and Asia excel at complex transactions, high-stakes litigation and world-class advisory services in the technology, life sciences, real estate, private equity, and financial industries. Our unique combination of deep experience serving both the innovators and investors in a rapidly changing, technology-driven economy sets us apart.
The Financial Services and Banking teams advised HarborOne Bancorp (“HarborOne”) on a definitive merger agreement with Eastern Bankshares, Inc. (“Eastern”)...
United States

The Financial Services and Banking teams advised HarborOne Bancorp ("HarborOne") on a definitive merger agreement with Eastern Bankshares, Inc. ("Eastern") pursuant to which HarborOne will merge with and into Eastern in a stock and cash transaction valued at approximately $490 million. The combined company is expected to have $31 billion in assets, $26 billion in deposits, and $8.5 billion in assets under management.

HarborOne Bancorp, Inc. is the holding company for HarborOne Bank, a Massachusetts-chartered trust company. HarborOne Bank serves the financial needs of consumers, businesses, and municipalities throughout Eastern Massachusetts and Rhode Island through a network of 30 full-service banking centers located in Massachusetts and Rhode Island, and commercial lending offices in Boston, Massachusetts and Providence, Rhode Island. HarborOne Bank also provides a range of educational resources through "HarborOne U," with free digital content, webinars, and recordings for small business and personal financial education. HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, provides mortgage lending services throughout New England and other states.

The Goodwin team representing HarborOne was led by Samantha Kirby.

For more information on the deal, please read the press release.

Contributor

At Goodwin, we partner with our clients to practice law with integrity, ingenuity, agility, and ambition. Our 1,600 lawyers across the United States, Europe, and Asia excel at complex transactions, high-stakes litigation and world-class advisory services in the technology, life sciences, real estate, private equity, and financial industries. Our unique combination of deep experience serving both the innovators and investors in a rapidly changing, technology-driven economy sets us apart.

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