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Stock impact report

HarborOne Bancorp, Inc. Announces Adoption of Plan of Conversion for Second-Step Offering

HarborOne Bancorp, Inc. (HONE) 
US:NASDAQ Investor Relations: harboronebancorp.com
Company Research Source: Business Wire
BROCKTON, Mass.--(BUSINESS WIRE)-- HarborOne Bancorp, Inc. (the “Company”), Brockton, MA (NASDAQ: HONE), the holding company for HarborOne Bank (the “Bank”), today announced that its Board of Directors, together with the Board of Trustees of HarborOne Mutual Bancshares (the “MHC”), has adopted a Plan of Conversion pursuant to which the Company will reorganize into a fully public stock holding company structure and will conduct a second-step stock offering of new shares of common stock. As part of the conversion, the Bank will become a wholly-owned subsidiary of a new holding company, which will also be named HarborOne Bancorp, Inc. Shares of Company common stock held by persons other than the MHC will be converted into shares of common stock of the new holding company pursuant to an exchange ratio designed to preserve the approximate percentage ownership interests of such persons, excluding any shares pu Show less Read more
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