Eastern Bankshares, Inc. Stock Price, News & Analysis

Eastern Bankshares (NASDAQ: EBC) and HarborOne Bancorp (NASDAQ: HONE) announced key merger milestones and timelines.

HarborOne shareholders must elect merger consideration by 5:00 p.m. ET on October 28, 2025. The merger is expected to be effective shortly after midnight ET on November 1, 2025, and HarborOne common stock is expected to be delisted after the close of trading on October 31, 2025. At the Effective Time, each HarborOne share will be converted into the right to receive 0.765 shares of Eastern, $12.00 cash, or a combination, subject to allocation/proration designed to allocate 75%–85% of shares to stock consideration.

Eastern Bank (NASDAQ:EBC) announced the appointment of Diana Kenneally as Senior Vice President, Private Banker with Cambridge Trust Private Banking, effective October 15, 2025.

Ms. Kenneally has over 30 years of financial services experience with specialties in escrow services and high-net-worth client relationship management. Her prior roles include senior positions at BNY Mellon Wealth Management, Texas Capital Bank, and Citizens Financial Group. She holds a BA from Emmanuel College and Series 7 and 63 licenses, and serves on multiple regional advisory and industry committees.

Cambridge Trust Private Banking provides personalized banking and wealth solutions for individuals and multi-generational businesses, emphasizing holistic service across career and wealth-transfer stages.

Eastern Bank (NASDAQ: EBC) announced on October 9, 2025 that NEI General Contracting is a new commercial banking customer. Eastern is providing NEI with a $30 million working capital line of credit, three real estate loans to refinance existing facilities, and a full suite of treasury management services to support affordable housing development and NEI’s national expansion.

NEI, founded in 1998 and headquartered in Boston with regional offices in Florida and Texas, specializes in ground-up construction, rehabilitations, historic restorations and residential conversions. Local commercial banking decision-making will advise the relationship.

Eastern Bankshares (NASDAQ: EBC) will release its third quarter 2025 earnings on Thursday, October 23, 2025 after market close. The Company will host a conference call and simultaneous webcast on Friday, October 24, 2025 at 9:00 AM ET to discuss results. Investors can join by telephone using the toll-free number (800) 549-8228 with Conference ID 64359, or listen live and access a replay at the Company’s Investor Relations site: investor.easternbank.com. The webcast replay will be available on demand on the investor site.

Eastern Bank (NASDAQ:EBC) has appointed Beata Mazen as Senior Vice President, Consumer Banking Strategy Manager. Mazen brings 25 years of experience in sales, customer experience, and consumer banking strategies, including managing operations for up to 1,000 retail locations.

Prior to joining Eastern Bank, Mazen served as SVP, Wealth & Deposit Senior Strategy Manager at Citizens Bank and held leadership positions at Bank of America. She is also the founder of the non-profit Women Supporting Women, focusing on food insecurity and women's aid organizations.

Eastern Bankshares (NASDAQ: EBC) and HarborOne Bancorp (NASDAQ: HONE) have received all necessary regulatory approvals for their previously announced merger. The transaction is expected to close around November 1, 2025, creating a $30 billion community-focused organization.

Following the merger completion, HarborOne Bank will operate as a division of Eastern Bank for approximately four months. The full integration of banking systems is scheduled for February 21, 2026. The merger will strengthen Eastern's presence in Greater Boston and expand its branch network into Rhode Island, combining Eastern's 109 branches with HarborOne's 30 banking centers.

Eastern Bankshares (NASDAQ: EBC) and HarborOne Bancorp (NASDAQ: HONE) announced the mailing of stock/cash election forms for their pending merger. Under the agreement, HarborOne shareholders can choose to receive either 0.765 shares of Eastern common stock, $12.00 in cash per share, or a combination of both.

The election deadline is expected to be 5:00 PM ET on October 28, 2025. The merger, previously approved by HarborOne shareholders on August 20, 2025, is anticipated to close on November 1, 2025, subject to regulatory approvals. The deal structure ensures that 75-85% of HarborOne shares will be converted to Eastern stock, with the remainder receiving cash consideration.

Eastern Bank (NASDAQ:EBC) has announced a new commercial banking relationship with LOUD Security Systems, a leading security systems provider. Eastern Bank is providing $7.5 million in financing to support LOUD's growth initiatives, including a revolving line of credit and treasury management services.

LOUD Security Systems, founded in 1995 and based in Kennesaw, Georgia, serves nearly 13,000 customers across metro Atlanta and 20 states. The company specializes in security, fire, access control, and video systems for residential, commercial, and government customers.

Eastern Bank (NASDAQ:EBC) has announced a new asset-based lending partnership with Genuine Foods, a Boston-based foodservice management company. Genuine Foods, founded in 2013, specializes in providing food services to educational institutions and senior living communities across 16+ states, having delivered over 16 million meals in the past year.

The banking relationship includes a line of credit and treasury management services to support Genuine Foods' business operations and growth. The company's focus aligns with Eastern Bank's commitment to community impact and purpose-driven business practices.