PremiumJenée TibshraenyWellington Business Editor·NZ Herald·2 Jun, 2026 05:00 PM5 mins to readHeartland and TSB are to merge under the proposed deal.Heartland and TSB are to merge under the proposed deal.TSB and Heartland Bank customers are being assured the offerings they currently receive are likely to remain, should a proposal to merge the banks go ahead.
TSB’s owner, Toi Foundation, has agreed to sell the bank to Heartland for $620 million, pending regulatory and shareholder approval, and consultation with
