Exhibit 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
o Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
UMB BANK, NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
44-0201230
I.R.S. Employer Identification No.
1010 Grand Blvd. |
| 64106 |
(Address of principal executive offices) |
| (Zip Code) |
Mauri J. Cowen
UMB BANK, NATIONAL ASSOCIATION
5555 San Felipe, Suite 870
Houston, Texas 77056
(713) 300-0857
(Name, address and telephone number of agent for service)
HARBORONE BANCORP, INC.
(Issuer with respect to the Securities)
Massachusetts |
| 81-1607465 |
(State or other jurisdiction of incorporation or organization) |
| (I.R.S. Employer Identification No.) |
770 Oak Street |
| 02301 |
(Address of Principal Executive Offices) |
| (Zip Code) |
5.625% Fixed-to-Floating Rate Subordinated Notes due 2028
(Title of the Indenture Securities)
FORM T-1
Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.
a) Name and address of each examining or supervising authority to which it is subject.
The Comptroller of the Currency
Mid-Western District
2345 Grand Avenue, Suite 700
Kansas City, Missouri 64108
Federal Reserve Bank of Kansas City
Federal Reserve P.O. Station
Kansas City, Missouri 64198
Supervising Examiner
Federal Deposit Insurance Corporation
720 Olive Street, Suite 2909
St. Louis, Missouri 63101
b) Whether it is authorized to exercise corporate trust powers.
Yes
Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.
None
Items 3-15 Items 3-15 are not applicable because, to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-74008).
2. Certificate of Authority from the Comptroller of the Currency evidencing a change of the corporate title of the Association (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-74008).
3. Certificate from the Comptroller of the Currency evidencing authority to exercise corporate trust powers and a letter evidencing a change of the corporate title of the Association (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-74008).
4. Bylaws, as amended of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-74008).
5. A copy of each Indenture referred to in Item 4. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Registration Statement No. 333-74008).
7. Report of Condition of the Trustee as of June 30, 2018 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, UMB BANK, NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the city of Kansas City, State of Missouri on the 17th of October, 2018.
| By: | /s/ Mauri J. Cowen |
|
| Mauri J. Cowen |
|
| Senior Vice President |
Exhibit 7
(See Attached)
June 2018 FFIEC 041UMB Bank N.A . - ID RSSD# 0000936855 Printed: 07/30/2018 - 03:10 pm Schedule RC Consolidated Report of Condition for Insured Banks and Savings Associations for June 30, 2018 A ll schedules are to be reported in thousands of dollars. Unless otherw ise indicated, report the amount outstanding as of the last business day of the quarter. Schedule RC—Balance Sheet 1.a. 1.b. 2.a. 2.b. 2.c. 3.a. 3.b. 4.a. 4.b. 4.c. 4.d. 5. 6. 7. 8. 9. 10. 11. 12. (1) Includes cash items in process of collection and unposted debits. (2) Includes time certif icates of deposit not held f or trading. (3) Item 2.c is to be completed only by institutions that have adopted A SU 2016-01, w hich includes provisions governing the accounting f or investments in equity securities. See the instructions f or f urther detail on A SU 2016-01. (4) Includes all securities resale agreements, regardless of maturity. Dollar A mounts in Thousands A mount As s e ts 1. Cash and balances due f rom depository institutions (f rom Schedule RC-A ): a. Noninterest-bearing balances and currency and coin ( 1 ) ................................................................ b. Interest-bearing balances ( 2 ) ............................................................................................................ 2. Securities: a. Held-to-maturity securities (f rom Schedule RC-B, column A ) ............................................................ b. A vailable-f or-sale securities (f rom Schedule RC-B, column D) ......................................................... c. Equity s e cur itie s w ith r e adily de te r m inable fair value s not he ld for tr ading ( 3 ) .............. 3. Federal f unds sold and securities purchased under agreements to resell: a. Federal f unds sold .............................................................................................................................. b. Securities purchased under agreements to resell ( 4 ) ....................................................................... 4. Loans and lease f inancing receivables (f rom Schedule RC-C): a. Loans and leases held f or sale .......................................................................................................... RCON0081 380,030 RCON0071 94,624 RCON1754 1,204,582 RCON1773 6,011,564 RCONJA 22 0 RCONB987 14,916 RCONB989 55,430 RCON5369 3,482 b. Loans and leases held f or investment .............................................. c. LESS: A llow ance f or loan and lease losses .................................... RCONB528 11,631,540 RCON3123 98,298 d. Loans and leases held f or investment, net of allow ance (item 4.b minus 4.c) .................................. 5. Trading assets (f rom Schedule RC-D) .................................................................................................. 6. Premises and f ixed assets (including capitalized leases) ..................................................................... 7. Other real estate ow ned (f rom Schedule RC-M) ................................................................................... 8. Investments in unconsolidated subsidiaries and associated companies .............................................. 9. Direct and indirect investments in real estate ventures ........................................................................ 10. Intangible as s e ts (fr om Sche dule RC-M ) ...................................................................................... 11. Other assets (f rom Schedule RC-F) ...................................................................................................... 12. Total assets (sum of items 1 through 11) .............................................................................................. RCONB529 11,533,242 RCON3545 53,064 RCON2145 215,334 RCON2150 4,931 RCON2130 0 RCON3656 0 RCON2143 117,459 RCON2160 625,994 RCON2170 20,314,652 15
June 2018 FFIEC 041UMB Bank N.A . - ID RSSD# 0000936855 Printed: 07/30/2018 - 03:10 pm Schedule RC Schedule RC—Continued 13.a. 13.a.(1) 13.a.(2) 14.a. 14.b. 15. 16. 19. 20. 21. 22. 23. 24. 25. 26.a. 26.b. 26.c. 27.a. 27.b. 28. 29. (1) Includes noninterest-bearing demand, time, and savings deposits. (2) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, "Other borrow ed money." (3) Includes all securities repurchase agreements, regardless of maturity. (4) Includes limited-lif e pref erred stock and related surplus. (5) Includes, but is not limited to, net unrealized holding gains (losses) on available-f or-sale securities, accumulated net gains (losses) on cash f low hedges, and accumulated def ined benef it pension and other postretirement plan adjustments. (6) Includes treasury stock and unearned Employee Stock Ow nership Plan shares. Dollar A mounts in Thousands A mount Liabilitie s 13. Deposits: a. In domestic of f ices (sum of totals of columns A and C f rom Schedule RC-E) ................................... RCON2200 16,646,685 (1) Noninterest-bearing ( 1 ) ............................................................... (2) Interest-bearing ............................................................................ RCON6631 6,255,551 RCON6636 10,391,134 b. Not applicable 14. Federal f unds purchased and securities sold under agreements to repurchase: a. Federal f unds purchased ( 2 ) ............................................................................................................. b. Securities sold under agreements to repurchase ( 3 ) ........................................................................ 15. Trading liabilities (f rom Schedule RC-D) ................................................................................................. 16. Other borrow ed money (includes mortgage indebtedness and obligations under capitalized leases) (f rom Schedule RC-M) ........................................................................................................................... 17. Not applicable 18. Not applicable 19. Subordinated notes and debentures ( 4 ) ............................................................................................... 20. Other liabilities (f rom Schedule RC-G) ................................................................................................... 21. Total liabilities (sum of items 13 through 20) .......................................................................................... 22. Not applicable ......................................................................................................................................... Equity Capital Bank Equity Capital 23. Perpetual pref erred stock and related surplus ...................................................................................... 24. Common stock ........................................................................................................................................ 25. Surplus (exclude all surplus related to pref erred stock) ....................................................................... 26. a. Retained earnings ............................................................................................................................... b. A ccumulated other comprehensive income ( 5 ) ................................................................................. c. Other equity capital components ( 6 ) .................................................................................................. 27. a. Total bank equity capital (sum of items 23 through 26.c) ................................................................... b. Noncontrolling (minority) interests in consolidated subsidiaries ......................................................... 28. Total equity capital (sum of items 27.a and 27.b) .................................................................................. 29. Total liabilities and equity capital (sum of items 21 and 28) ................................................................... RCONB993 378,684 RCONB995 1,288,008 RCON3548 0 RCON3190 9,858 RCON3200 0 RCON2930 157,005 RCON2948 18,480,240 RCON3838 0 RCON3230 21,250 RCON3839 750,818 RCON3632 1,192,464 RCONB530 (130,120) RCONA 130 0 RCON3210 1,834,412 RCON3000 0 RCONG105 1,834,412 RCON3300 20,314,652 16
June 2018 FFIEC 041UMB Bank N.A . - ID RSSD# 0000936855 Printed: 07/30/2018 - 03:10 pm Schedule RC Schedule RC—Continued Memoranda To be r e por te d w ith the M ar ch Re por t of Condition. M.1. 1a = A n integrated audit of the reporting institution's f inancial statements and its internal control over f inancial reporting conducted in accordance w ith the standards of the A merican Institute of Certif ied Public A ccountants (A ICPA ) or the Public Company A ccounting Oversight Board (PCA OB) by an independent public accountant that submits a report on the institution. 1b = A n audit of the reporting institution's f inancial statements only conducted in accordance w ith the auditing standards of the A ICPA or the PCA OB by an independent public accountant that submits a report on the institution. 2a = A n integrated audit of the reporting institution's parent holding company's consolidated f inancial statements and its internal control over f inancial reporting conducted in accordance w ith the standards of the A ICPA or the PCA OB by an independent public accountant that submits a report on the consolidated holding company (but not on the institution separately). 2b = A n audit of the reporting institution's parent holding company's consolidated f inancial statements only conducted in accordance w ith the auditing standards of the A ICPA or the PCA OB by an independent public accountant that submits a report on the consolidated holding company (but not on the institution separately). 3 = 4 = This number is not to be used. Directors' examination of the bank conducted in accordance w ith generally accepted auditing standards by a certif ied public accounting f irm (may be required by state chartering authority) Directors' examination of the bank perf ormed by other external auditors (may be required by state chartering authority) Review of the bank's f inancial statements by external auditors Compilation of the bank's f inancial statements by external auditors Other audit procedures (excluding tax preparation w ork) No external audit w ork 5 = 6 = 7 = 8 = 9 = M.2. Date To be r e por te d w ith the M ar ch Re por t of Condition. 2. Bank's f iscal year-end date (report the date in MMDD f ormat) ............................................................... RCON8678 N/A Number 1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing w ork perf ormed f or the bank by independent external auditors as of any date during 2017 ................................................................................................................................ RCON6724 N/A 17