M&A Deal Summary

HarborOne Bank Acquires Coastway Bancorp

On March 14, 2018, HarborOne Bank acquired financial services company Coastway Bancorp for 126M USD

Acquisition Highlights
  • This is HarborOne Bank’s 1st transaction in the Financial Services sector.
  • This is HarborOne Bank’s largest (disclosed) transaction.
  • This is HarborOne Bank’s 1st transaction in the United States.
  • This is HarborOne Bank’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2018-03-14
Target Coastway Bancorp
Sector Financial Services
Buyer(s) HarborOne Bank
Deal Type Add-on Acquisition
Deal Value 126M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Luse Gorman (Legal)

Target

Coastway Bancorp

Warwick, Rhode Island, United States
Coastway Bancorp, Inc. is a holding company of Coastway Community Bank, is headquartered in Warwick, Rhode Island. With 9 branches in the greater Providence area, as well as 3 mortgage lending offices, Coastway has $739 million in assets and deposits of $477 million.

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Buyer(S) 1

Buyer

HarborOne Bank

Brockton, Massachusetts, United States
Category Company
Founded 1917
Sector Financial Services
Employees533
Revenue 166M USD (2023)
DESCRIPTION

HarborOne Bank is a holding company for HarborOne Bank, the co-operative bank in New England. HarborOne Bank serves the financial needs of consumers, businesses, and municipalities throughout Southeastern Massachusetts through a network of 14 full-service branches, two limited service branches, a commercial loan office in Providence, Rhode Island, a residential lending office in Westford, Massachusetts, and 13 free-standing ATMs. HarborOne Bank was founded in 1917 and is based in Brockton, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Rhode Island) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal