Eastern Bankshares to merge with HarborOne Bancorp in a $490m deal.

Eastern Bankshares, the holding company for Eastern Bank, agreed to merge with HarborOne Bancorp, the holding company for HarborOne Bank, in a $490m deal. “We are excited about this partnership which bolsters our already strong and long-standing presence in Greater Boston and expands our footprint into Rhode Island. HarborOne is a highly recognized institution in our local market, and we share a deep commitment to customers, colleagues and communities,” Bob Rivers, Eastern Bank Executive Chair and Chair of the Board of Directors.