HarborOne Bancorp, Inc. declares fourth quarter cash dividend

BROCKTON, Mass .– (COMMERCIAL THREAD) – HarborOne Bancorp, Inc. (the “Company”) (NASDAQ: HONE), the holding company of HarborOne Bank, today announced that its board of directors has declared a quarterly cash dividend of $ 0.03 per share, payable in January 18 January 2021 to all shareholders of record at the close of business on January 4, 2021.

Forward-looking statements

Certain statements contained in this document constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the provisions of the sphere of security of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes”, “will”, “would”, “expects”, “draft”, “could”, ” could ”,“ developments ”,“ strategic ”,“ launch, ”“ opportunities ”,“ anticipates ”,“ estimates ”,“ intentions ”,“ plans ”,“ objectives ”and similar expressions. These statements are based on the current beliefs and expectations of the management of the Company and are subject to significant risks and uncertainties. Actual results may differ materially from those stated in forward-looking statements due to many factors. Factors that could cause such differences include, but are not limited to, the negative impacts and disruptions of the COVID-19 pandemic and the measures taken to contain its spread to our employees, customers, business operations, credit standing, financial condition, liquidity and operating results; the duration and extent of the economic contraction resulting from the COVID-19 pandemic; the effects of the continuing deterioration in employment levels, general business and economic conditions nationally and in the local markets in which the Company operates, including changes that negatively affect the ability of borrowers to service and to repay the Company’s loans; changes in customer behavior due to changing political, business or economic conditions or legislative or regulatory initiatives; turbulence in the capital and debt markets and the impact of these conditions on the Company’s business activities; changes in interest rates; increases in loan default and cancellation rates; decrease in the value of the securities in the Company’s investment portfolio; fluctuations in real estate values; the adequacy of loan loss reserves; declines in deposit levels requiring increased borrowing to finance loans and investments; competitive pressures from other financial institutions; procurements may not produce results at the levels or within the time frames initially expected; operational risks, including, but not limited to, cybersecurity incidents, fraud, natural disasters and future pandemics; changes in regulations; reputational risk associated with the Company’s participation in the Paycheque Protection Program and other legislative and regulatory initiatives and programs related to the pandemic; changes in accounting standards and practices; the risk that goodwill and intangible assets recorded in the Company’s financial statements are impaired; demand for loans in the Company’s market area; the Company’s ability to attract and hold deposits; risks associated with the implementation of acquisitions, disposals and restructuring; the risk that the Company will not succeed in implementing its business strategy; changes in the assumptions used to make these forward-looking statements and the risk factors described in the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), which are available on the SEC’s website, www.sec.gov. If one or more of these risks materialize or if the underlying beliefs or assumptions prove to be incorrect, the actual results of HarborOne Bancorp, Inc. could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any obligation to publicly update or revise forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law. .

About HarborOne Bancorp, Inc.

HarborOne Bancorp, Inc. is the holding company of HarborOne Bank, a Massachusetts chartered savings bank. HarborOne Bank serves the financial needs of consumers, businesses and municipalities in eastern Massachusetts and Rhode Island through a network of 25 full-service branches located in Massachusetts and Rhode Island, one limited-service branch and one commercial loan office in each of Boston, Massachusetts and Providence, Rhode Island. The Bank also provides a range of educational services through “HarborOne U”, with courses in small business, financial literacy and personal enrichment at two campuses located adjacent to our Brockton and Mansfield sites. HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, is a full-service mortgage lender with more than 30 offices in Massachusetts, Rhode Island, New Hampshire, Maine, New Jersey and Florida and is licensed to lend in four other states.

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