Merger Announced
Heartland Group Holdings and TSB Bank merger
NZ$620m consideration
Announced 2 Jun 2026
Advisers
TSB Bank
Target
Not disclosed
Heartland Group Holdings
Acquirer
- Financial adviser
- Legal adviser
- Financial due diligence
- Tax adviser
- Independent synergy assessment
- Target
- TSB Bank
- Acquirer
- Heartland Group Holdings
- Seller
- Toi Foundation
- Structure
- Private sale
- Sector
- Banking and lending
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Sources
- 2 Jun 2026 Heartland announces proposed merger of Heartland Bank & TSB ASX