Acquiring Company
TSB Bank
Acquired Company
Heartland Bank
MelbourneFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
The High Court has dismissed an effort to halt the merger between TSB Bank and Heartland Bank. This proposed $620 million merger was previously agreed upon by Heartland Group and TSB Bank's owner, Toi Foundation. The move faced opposition but has now progressed following the court's decision.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Heartland Bank?
Heartland Bank was acquired by TSB Bank. The deal was reported on August 24, 2026. TSB Bank, originally established as the Trustee Savings Bank in 1810, is a UK-based bank with a history dating back over two centuries. TSB Bank is privately held and operates in Financial Services.
When did TSB Bank acquire Heartland Bank?
TSB Bank's acquisition of Heartland Bank was reported on August 24, 2026. The High Court has dismissed an effort to halt the merger between TSB Bank and Heartland Bank. This proposed $620 million merger was previously agreed upon by Heartland Group and TSB Bank's owner, Toi Foundation. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Heartland Bank do?
Heartland Bank is a digital specialist bank, part of the New Zealand-based Heartland Group, and the first bank in New Zealand to acquire an Australian banking licence. It is privately held, operating in Financial Services, and is based in Melbourne.
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