HarborOne Announces the Acquisition of Merrimack Mortgage – NMP Skip to main content

HarborOne Announces the Acquisition of Merrimack Mortgage

Jul 02, 2015
Business Acquisition Handshake

HarborOne Bank has completed its acquisition of Merrimack Mortgage Company Inc. of Manchester, N.H.—a privately-held home loan originator that averages more than $1 billion in annual business throughout New England. By acquiring the privately-held home loan originator, HarborOne will significantly increase the size of its mortgage business and secure a foothold in key lending markets in the New England region. Merrimack will become a wholly-owned subsidiary of HarborOne Bank. Terms of the deal were undisclosed.

“This is targeted, strategic growth aimed at strengthening our bank in a very competitive industry,” said HarborOne President and CEO James W. Blake. “Today’s acquisition ensures that HarborOne Bank will be able to expand and grow in the future, which will mean better opportunities for our customers. Merrimack Mortgage Company is a highly-respected and well-managed organization and their geographic footprint will expand our presence into new markets and provide additional opportunities over the long term.”

Merrimack principals Dan McKenney and Timothy Boyle will assume the respective roles of president and CEO, and executive vice president and CFO of the subsidiary mortgage unit.

About the author
Published
Jul 02, 2015
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026