Home / Business / Companies / Banking and financeUpdatedJenée TibshraenyWellington Business Editor·NZ Herald·1 Jun, 2026 09:07 PM2 mins to read‌TSB Bank is to be bought by Heartland. TSB Bank is to be bought by Heartland. The owner of TSB has agreed to sell the bank to Heartland for $620 million to create a “larger New Zealand challenger bank” with a regional focus.Toi Foundation will sell all its shares on issue to Heartland to create TSB Heartland Bank Limited.

Heartland chief executive Andrew Dixson said

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