(Brockton, MA) HarborOne Bancorp, Inc. (the brand new Company) (NASDAQ: HONE), the carrying company regarding HarborOne Financial (the brand new Bank), today announced your Bank has actually provided to and obtain five previous Eastern Boston Coupons Bank branches based in Brighton, Cambridge and Brookline, Massachusetts regarding Rockland Trust Organization (Rockland Believe) further extending HarborOne's footprint into the Deeper Boston. The order are susceptible to an abundance of contingencies which is likely to close following the completion from Rockland Trust's purchase of Eastern Boston Deals Financial later on this year.

The fresh metropolitan areas often speed the fresh Bank's expansion method contained in this Greater Boston, and that first started towards opening out of good Boston mortgage production workplace on Broad Roadway in the 2018, quickly followed by a complete solution part in one venue within the 2019. The latest HarborOne branch cities in Quincy and you may South Boston has actually started within the last year. An industry-determined activation approach has generated more than $370 mil within the finance a good as well as over $100 billion in the deposit dating from these towns.

Such brand new branches have a tendency to build all of our Greater Boston regional presence at the a duration of nice market disturbance caused by new marketing off numerous people finance companies, told you Joe Casey, HarborOne Financial Chairman and you may Chief Working Administrator.