HarborOne Bancorp, Inc. (HONE)

Overview

HarborOne Bancorp, Inc., with its inception in the year 1917, functions as the parent company of HarborOne Bank, offering a wide-ranging portfolio of financial services targeted at individual consumers, families, small to mid-sized businesses, and municipalities. The company operates primarily through two key segments: HarborOne Bank and HarborOne Mortgage. Its extensive network includes full-service branches across Massachusetts and Rhode Island, complemented by commercial lending offices in Boston and Providence, as well as administrative facilities in Brockton, Massachusetts. This expansive presence ensures a robust provisioning of services along with accessible ATMs throughout Massachusetts, thereby reinforcing its commitment to serving the community’s financial needs effectively.

Products and Services

HarborOne Bancorp, Inc. offers a diverse array of products and services to meet the financial requirements of its varied clientele. These include:

• Deposit Products: The foundation of its banking services encompasses checking accounts, money market accounts, savings accounts, and term certificate of deposit accounts. These products are designed to offer secure and convenient options for managing funds, whether for individuals seeking personal banking solutions or businesses looking to optimize their financial operations.
• Lending Products: HarborOne's lending portfolio covers commercial real estate loans, commercial loans, residential mortgages, home equity loans, and consumer loans. Each lending product is tailored to support the financial growth and stability of its customers, allowing them to secure funding for real estate projects, business expansion, home purchases, and personal needs with confidence.
• Mortgage Services: Aside from traditional banking and lending services, HarborOne specializes in originating, selling, and servicing residential mortgage loans. This facet of their operation signifies their role in facilitating homeownership and real estate financing, catering to a broad spectrum of borrowers with varying financial backgrounds and preferences.
• Educational Services: Demonstrating a commitment beyond financial transactions, HarborOne provides a myriad of educational resources through HarborOne U. This initiative includes free digital content, webinars, and recordings aimed at enhancing small business expertise and personal financial literacy. By investing in the education of their clientele, HarborOne empowers individuals and businesses with the knowledge to make informed financial decisions.