Acquiring Company
TSB
Acquired Company
Heartland Bank
Description
TSB Bank and Heartland Bank have delayed their $620 million merger to 1 March 2027 to give the Reserve Bank time to complete regulatory review. Heartland Group shareholders have approved the deal, and TSB's owner, Toi Foundation, voted to proceed in August.
Quick answer
TSB is acquiring Heartland Bank, announced November 15, 2026. TSB is based in New Zealand.
- How much did TSB pay for Heartland Bank?
- The deal value was not disclosed.
- What does TSB do?
- We’re 100% NZ owned and independent, and have been dedicated to helping New Zealanders achieve their goals since 1850.
- Where are TSB and Heartland Bank based?
- TSB is based in New Zealand. Heartland Bank is based in Melbourne, Victoria, Australia.
- Who are the decision-makers at TSB?
- Fundz holds 1 contact at TSB. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Hancock Whitney Corporation to Acquire Trustmark Corporation (November 12, 2026)
- Banca Sistema completes Banca CF+ merger (November 7, 2026)
- HBT Financial Announces Acquisition of Tri-County Financial Group (November 2, 2026)
- First Mid Bancshares to Acquire Evergreen Bancshares (October 29, 2026)
- Optimum Global completes Mayfair Bank takeover (October 29, 2026)
- Numerica to merge with SELCO Credit Union (October 29, 2026)
Who to call at TSB, and when
When TSB changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day TSB raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at TSB, from your own LinkedIn network
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Fundz sees it the moment TSB makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Heartland Bank?
Heartland Bank was acquired by TSB, based in New Zealand. The deal was reported on November 15, 2026. We’re 100% NZ owned and independent, and have been dedicated to helping New Zealanders achieve their goals since 1850. TSB is privately held.
When did TSB acquire Heartland Bank?
TSB's acquisition of Heartland Bank was reported on November 15, 2026. TSB Bank and Heartland Bank have delayed their $620 million merger to 1 March 2027 to give the Reserve Bank time to complete regulatory review. Heartland Group shareholders have approved the deal, and TSB's owner, Toi Foundation, voted to proceed in August. 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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