Industry: Banks Regional

Sector: Financial Services

HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and lending products comprise commercial real estate, commercial, residential mortgages, and consumer loans. The company also originates, sells, and services residential mortgage loans. In addition, it provides a range of educational services, such as free digital content, webinars, and recordings for small business and personal financial education. The company operated through a network of full-service branches located in Massachusetts and Rhode Island, as well as commercial lending offices in each of Boston, Massachusetts, and Providence, Rhode Island. It also had administrative offices in Brockton, Massachusetts, as well as ATM locations in Massachusetts. The company was founded in 1917 and is based in Brockton, Massachusetts.

HarborOne Bancorp Inc is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.