Acquiring Company
Heartland Group Holdings
Acquired Company
TSB Bank
Auckland
LondonFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Heartland Group has proposed to buy Taranaki's TSB bank for $620 million. The deal is intended to merge TSB with Heartland's New Zealand operations. Despite a court challenge, Heartland remains on track to complete the acquisition by December. The purchase is part of Heartland's strategy to expand its footprint in the banking sector.
Don't miss Heartland Group Holdings's next move
Get an email the moment Heartland Group Holdings makes an acquisition, hires an exec, or expands, usually minutes after it happens.
One email per event. Unsubscribe anytime.
M&A Insights
Based on deal dataFrequently asked
Who acquired TSB Bank?
TSB Bank was acquired by Heartland Group Holdings, based in Auckland. The deal was reported on August 20, 2026. Heartland Group Holdings is a financial services group that focuses on providing a range of lending and banking products. It aims to serve customers with tailored solutions and innovative services. Heartland Group Holdings is privately held and operates in Financial Services.
When did Heartland Group Holdings acquire TSB Bank?
Heartland Group Holdings's acquisition of TSB Bank was reported on August 20, 2026. Heartland Group has proposed to buy Taranaki's TSB bank for $620 million. The deal is intended to merge TSB with Heartland's New Zealand operations. Despite a court challenge, Heartland remains on track to complete the acquisition by December. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TSB Bank do?
TSB Bank, originally established as the Trustee Savings Bank in 1810, is a UK-based bank with a history dating back over two centuries. It is privately held, operating in Financial Services, and is based in London.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.