HarborOne Bancorp Faces Delisting Notice

TL;DR

HOBO got a delisting notice - big trouble brewing.

AI Summary

HarborOne Bancorp, Inc. filed an 8-K on October 28, 2025, to report a notice of delisting or failure to satisfy a continued listing rule or standard, and a transfer of listing. The filing also includes other events and financial statements/exhibits.

Why It Matters

This filing indicates potential issues with HarborOne Bancorp's continued listing on an exchange, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a significant negative event that can lead to severe consequences for a company's stock.

Key Players & Entities

• HarborOne Bancorp, Inc. (company) — Registrant
• 0001104659-25-103206 (filing_id) — Accession Number
• October 28, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $0.01 — e on which registered Common Stock, $0.01 par value HONE The NASDAQ Stock Mar

Filing Documents

• tm2529533d1_8k.htm (8-K) — 36KB
• tm2529533d1_ex99-1.htm (EX-99.1) — 19KB
• 0001104659-25-103206.txt ( ) — 223KB
• hone-20251028.xsd (EX-101.SCH) — 3KB
• hone-20251028_lab.xml (EX-101.LAB) — 33KB
• hone-20251028_pre.xml (EX-101.PRE) — 22KB
• tm2529533d1_8k_htm.xml (XML) — 3KB

01 Notice of Delisting or Failure

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On October 28, 2025, HarborOne Bancorp, Inc. ("HarborOne") filed a Form 25, Notification of Removal From Listing and/or Registration Under Section 12(b) of the Securities Exchange Act of 1934 with the Securities and Exchange Commission ("SEC") to voluntarily delist HarborOne's common stock, par value $0.01 ("HarborOne Common Stock"), from the Nasdaq Global Select Market in connection with the closing of the Merger Transaction (as defined below). The last trading day for HarborOne Common Stock on the NASDAQ Global Select Market will be October 31, 2025.

01 Other Events

Item 8.01 Other Events. As previously disclosed, on April 24, 2025, Eastern Bankshares, Inc. ("Eastern"), the holding company for Eastern Bank, Eastern Bank, HarborOne, the holding company for HarborOne Bank, and HarborOne Bank entered into an Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, Eastern will acquire HarborOne and HarborOne Bank through the merger of HarborOne with and into Eastern, with Eastern as the surviving entity (the "Holdco Merger"), and, immediately thereafter, the merger of HarborOne Bank with and into Eastern Bank, with Eastern Bank as the surviving entity (the "Bank Merger" and, together with the Holdco Merger, the "Merger Transaction"). On October 28, 2025, Eastern and HarborOne jointly issued a press release announcing the following: The closing occurred on October 28, 2025 under the Merger Agreement, with Eastern and HarborOne having determined that all closing conditions under the Merger Agreement had been satisfied. The Merger Transaction will become effective shortly after midnight (Eastern Time) on November 1, 2025 (the "Effective Time"), pursuant to articles of merger that Eastern and HarborOne filed after the closing today. Eastern and Eastern Bank have appointed Joseph F. Casey and Michael J. Sullivan to become directors of Eastern and Eastern Bank, effective as of the Effective Time, in accordance with the terms of the Merger Agreement. Until the Effective Time, Mr. Casey is the President and Chief Executive Officer and Member of the Board of Directors, and Mr. Sullivan is the Chairman of the Board of Directors, of HarborOne and HarborOne Bank. As previously disclosed, the deadline is 5:00 p.m. (Eastern Time) on October 28, 2025 for holders of HarborOne Common Stock to elect their preferred form of merger consideration by completing the election materials previously sent to such holders. Eastern anticipates that it will announce o

forward-looking statements

forward-looking statements. Factors relating to the proposed Merger Transaction that could cause or contribute to actual results differing materially from expected results include, but are not limited to, the possibility that revenue or expense synergies or the other expected benefits of the Merger Transaction may not materialize in the timeframe expected or at all, or may be more costly to achieve; that the Merger Transaction may not be timely completed, if at all; that prior to the completion of the Merger Transaction or thereafter, Eastern or HarborOne may not perform as expected due to Merger Transaction-related uncertainty or other factors; that Eastern is unable to successfully implement its integration strategies; reputational risks and the reaction of the companies' customers to the Merger Transaction; the inability to implement onboarding or transition plans and other consequences associated with the Merger Transaction; continued pressures and uncertainties within the banking industry and Eastern and HarborOne's markets, including changes in interest rates and deposit amounts and composition, adverse developments in the level and direction of loan delinquencies, charge-offs, and estimates of the adequacy of the allowance for loan losses, increased competitive pressures, asset and credit quality deterioration, and legislative, regulatory, and fiscal policy changes and related compliance costs; and diversion of management time on Merger Transaction-related issues. These forward-looking statements are also subject to the risks and uncertainties applicable to our respective businesses generally that are disclosed in Eastern's and HarborOne's respective 2024 Annual Reports on Form 10-K. Eastern's and SEC filings are accessible on the SEC's website at sec.gov and on their respective corporate websites of Eastern and HarborOne at investor.easternbank.com and harboronebancorp.com. These web addresses are included as inactive textual references only. Information o

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated October 28, 2025 104 Cover Page Interactive Data File (embedded within Inline XBRL documents)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. HARBORONE BANCORP, INC . Date: October 28, 2025 By: /s/ Joseph F. Casey Name: Joseph F. Casey Title: President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR