HarborOne Bancorp, Inc. - Common Stock (HONE)

Competitors to HarborOne Bancorp, Inc. - Common Stock (HONE)

Berkshire Bank

Berkshire Bank competes with HarborOne Bancorp by offering a range of consumer and commercial banking products in New York and New England. Both banks prioritize creating strong community ties and customer service. Berkshire Bank differentiates itself with innovative technology, advanced digital banking solutions, and a robust business model, which positions it strongly against HarborOne. Its larger size and more extensive resources allow it to invest more in technology and product diversification, giving it a noticeable competitive advantage.

East Boston Savings Bank

East Boston Savings Bank competes with HarborOne Bancorp by offering a similar range of financial products and services, focusing on community banking and personal customer service. Both institutions target individual consumers and small businesses in the New England area, and they vie for the same customer base with competitive interest rates, loan options, and local community involvement. However, East Boston Savings Bank has built a stronger local reputation and a larger branch network, giving it a competitive edge in customer familiarity and service accessibility.

Middlesex Savings Bank

Middlesex Savings Bank competes directly with HarborOne Bancorp by also focusing on community banking and small to medium-sized businesses within Massachusetts. Both banks offer traditional banking services, but Middlesex Savings Bank has a stronger emphasis on mortgage lending and a broader geographical footprint. Their commitment to local community involvement and charitable activities also draws customers; however, Middlesex's well-established brand and significant market share provide it with a competitive edge in the region.

Rockland Trust

Rockland Trust operates in the same regional market as HarborOne Bancorp, providing a wide array of banking products, including personal and commercial banking, wealth management, and investment services. Both banks emphasize community-focused service and strive to build relationships with their clients. However, Rockland Trust boasts a larger asset base and a wider array of specialized products, such as advanced digital banking solutions, which position it as a more comprehensive financial provider, giving it a competitive advantage.