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Case 39 HarborOne Bancorp

In: Rising Stars

Author

Listed:
  • B. Rajesh Kumar

    (Institute of Management Technology)

Abstract

HarborOne Bancorp is a bank holding company and the parent of HarborOne Bank, the state-chartered savings bank. HarborOne Bank is headquartered in Massachusetts. The bank has 31 branches in eastern Massachusetts and Rhode Island with commercial lending offices in Boston and Providence. The bank was established in the year 1917 as a state-chartered credit union which was converted to a state-chartered cooperative bank during 2013. HarborOne became a state-chartered savings bank on March 17, 2020. The bank provides a variety of financial services to individuals and businesses online through its 30 full service branches located in Massachusetts and Rhode Island. The bank also provides a range of educational services through “HarborOneU” with classes on small business and financial literacy. HarborOne Mortgage LLC, the wholly owned subsidiary of the bank, is a residential mortgage company headquartered in New Hampshire with offices in Massachusetts, Rhode Island, and New Hampshire. By December 31, 2021, the company had 635 full-time equivalent employees. In 2021, the bank made a record in terms of $3.6 billion in new loans and approximately $900 million in commercial originations.

Suggested Citation

  • B. Rajesh Kumar, 2024. "Case 39 HarborOne Bancorp," Management for Professionals, in: Rising Stars, pages 293-298, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-50032-9_39
    DOI: 10.1007/978-3-031-50032-9_39
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