The Bank Slate


HarborOne buying four Boston-area branch locations

HarborOne Bancorp in Brockton, Mass., has agreed to buy four branches in Massachusetts from Independent Bank in Rockland, Mass. 

The $4.6 billion-asset HarborOne said in a press release Thursday that it will buy the leases to branches that had belonged to East Boston Savings Bank, which Independent is set to buy later this year

HarborOne opened its first Boston-area office in 2018. It now has more than $370 million of loans and $100 million of deposits in the market. 

“These new branches will expand our greater Boston regional presence at a time of substantial market disruption caused by the sale of several community banks,” Joe Casey, HarborOne Bank’s president and chief operating officer, said in the release. 

“We believe our experienced neighborhood banking teams will be in a unique position to provide the personal, consultative banking services that we are known for, and customers will come to trust the overall banking experience that we deliver,” Casey added.

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