Heartland to acquire TSB for $620 million in challenger bank merger

Heartland Group Holdings has agreed to acquire TSB Bank for $620 million to create New Zealand’s seventh largest bank, combining TSB’s everyday banking services with Heartland’s specialist lending expertise. The merger will form TSB Heartland Bank Limited, bringing together Heartland Bank’s specialist product portfolio with TSB’s cost-effective funding platform and transactional banking capabilities. Heartland’s specialist […]
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