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From humble beginnings in 1850, we've created a trusted nationwide service. In fact, we're one of New Zealand's fastest growing banks, with 40% of our new customers coming to us on recommendations they've received from friends.

1850New Plymouth Savings Bank established by proclamation of Governor in Chief Sir George Grey. The rationale..."If New Plymouth can help themselves to obtain independence or at least accumulate resources wherewith to meet any unexpected crisis they would be less likely to lean upon state or [New Zealand] company support. The bank will be self-reliant, unsupported by government expenditure or the aid of British money. New Plymouth settlers are to become independent and provide a means for them to accumulate resources to assist should any crises develop."
Business was conducted from an office at the New Plymouth Police Station on Mt Eliot, where the regional museum ‘Puke Ariki’ now stands. The first deposit made by Waitera Te Karei, who rode 100km along beach and coastline from Mokau to make a deposit of 35 Pounds. The Bank’s accountant was paid an annual salary of 20 pounds in those days, so Waitera’s deposit was sizable.

1860The first branch office opens in New Plymouth’s old Post Office Building on Brougham Street. Throughout the following 100 years 14 more branches open in Taranaki.

1964To align with the network expansion outside of New Plymouth District, the Bank renames to Taranaki Savings Bank.

1972The Bank installs its first computers.

1975First to offer free, interest-bearing cheque accounts.

1976First in New Zealand to research, develop and use bank-wide, real-time computer processing.

1978Bank deposits reach $50 million.

1981First in New Zealand to develop automated teller machines – ATM’s or ‘Cashflow’. In a bold move, the Bank ordered four machines for its City, Centre, Fitzroy and Hawera branches. As the population of Taranaki at this time was about 104,000, this decision was seen as radical.

1984Labour Government is voted in and begins deregulation of the financial sector.

1986Other regional Trustee Savings Banks merged because it was necessary to survive in the new economic conditions of deregulation, and many of New Zealand’s banks became owned by overseas interests. In the face of industry and government opposition, Taranaki’s bank was determined to remain independent. The self-reliant vision of the bank’s forefathers had been retained to ensure that it remained 100% New Zealand owned. With this confirmed independence came the establishment of the TSB Community Trust – the Bank’s shareholder.

1988First to develop and use employee-written software to form the most modern and sophisticated information system in the Southern Hemisphere.

1989Taranaki Savings Bank changed its name to TSB Bank to better reflect its now nationwide presence.

1994TSB Bank deposits reach $500 million.

1996With the sale of Trustbank to Westpac, TSB Bank is at this date, now the only bank to be 100% New Zealand owned.
TSB Bank Direct established for banking customers outside Taranaki catchment region.

1999TSB Bank deposits reach $1 billion. TSB Bank Loan Direct established for lending customers outside Taranaki catchment region. For the first time, the Bank was rated 'Best Bank' in the University of Auckland Survey of Residential Bank Customers.

2001Christchurch Home Loan Centre is established.

2002TSB Bank Auckland Home Loan Lounge opens in Newmarket, Auckland.

2003Lending portfolio reaches $1 billion milestone.

2004TSB Bank deposits reach $2 billion.

2005National network expansion continues, with the opening of TSB Bank Wellington.

2006Opening of TSB Bank Hamilton.
Deposits reach $2.5 billion.

2007TSB Banks Tauranga and Hastings open.

2008Deposits hit $3 billion. TSB Banks Palmerston North, Auckland Central and Takapuna open.

2009Deposits reach $3.5 billion. TSB Bank Napier opens.

2010Deposits reach $4 billion.