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  6. Eastern Bank Acquires HarborOne Bank

M&A Deal Summary

Eastern Bank Acquires HarborOne Bank

On April 24, 2025, Eastern Bank acquired financial services company HarborOne Bank

Acquisition Highlights
  • This is Eastern Bank’s 2nd transaction in the Financial Services sector.
  • This is Eastern Bank’s 2nd transaction in the United States.
  • This is Eastern Bank’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2025-04-24
Target HarborOne Bank
Sector Financial Services
Buyer(s) Eastern Bank
Deal Type Merger

Target

HarborOne Bank

Brockton, Massachusetts, United States
HarborOne Bank provides consumer, small business, and commercial banking services, including checking and savings accounts, loans, mortgages, and online banking tools. The Bank also offers financial education programs and operates a mortgage division serving customers throughout New England. HarborOne Bank was founded in 1917 and is headquartered in Brockton, Massachusetts.

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Buyer(S) 1

Buyer

Eastern Bank

Boston, Massachusetts, United States
Category Company
Founded 1818
Sector Financial Services
Employees1,998
Revenue 732M USD (2024)
DESCRIPTION

Eastern Bank is combined prudent management with well-timed acquisitions to evolve from a modest savings bank to a full-service commercial bank to meet financial needs. With $11 billion in assets and more than 110 locations in eastern Massachusetts and southern and coastal New Hampshire, the company delivers custom-tailored financial solutions in a convenient way. Eastern Bank was incorporated in 1818 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Merger M&A Deals 2 of 2
State: Massachusetts M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 Cambridge Trust

Cambridge, Massachusetts, United States

Cambridge Trust is a private bank that creates custom financial solutions to build, grow, and protect wealth for the needs of today’s individuals, families, businesses, private partnerships and nonprofit organizations. Cambridge Trust was founded in 1890 and is based in Cambridge, Massachusetts.

Buy $528M
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