Acquiring Company
Heartland Group Holdings
Acquired Company
TSB
AucklandNew ZealandFinancial ServicesFinanceFintechLendingBankingDescription
Heartland Group Holdings has received shareholder approval for its takeover of TSB, with 94.80% of votes in favor. The proposed acquisition is valued at $620 million and aims to create a larger, more competitive New Zealand bank. Both banks are working towards completing the merger by December, pending necessary regulatory approvals. This merger will establish TSB Heartland Bank as NZ's seventh-largest bank.
Fundz sees it the moment Heartland Group Holdings makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired TSB?
TSB was acquired by Heartland Group Holdings, based in Auckland. The deal was reported on September 30, 2026. Heartland Group Holdings is a financial services company that provides a range of banking and lending products. Heartland Group Holdings is privately held and operates in Financial Services.
When did Heartland Group Holdings acquire TSB?
Heartland Group Holdings's acquisition of TSB was reported on September 30, 2026. Heartland Group Holdings has received shareholder approval for its takeover of TSB, with 94.80% of votes in favor. The proposed acquisition is valued at $620 million and aims to create a larger, more competitive New Zealand bank. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TSB do?
We’re 100% NZ owned and independent, and have been dedicated to helping New Zealanders achieve their goals since 1850. It is privately held, and is based in New Zealand.
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