TSB’s owner, Toi Foundation, has announced a proposal for TSB to merge with Heartland Bank. The proposal would involve the sale of Toi Foundation’s 100% shareholding in TSB, with Toi Foundation becoming a shareholder in Heartland Group Holdings Limited – the owner of the proposed new merged bank, TSB Heartland Bank.
Under its Trust Deed, Toi Foundation must consult the Taranaki community on the proposed merger. No decision will be made until the trustees have received and considered the community’s views and feedback on the proposal.
For more information on the proposal and to give feedback or lodge a submission, please visit the Toi Foundation website www.toifoundation.org.nz.
For our TSB customers, it’s business as usual with no change to current banking services or products. Our team are available to help with your banking needs, and our branches and Customer Engagement Centre are open as normal. We will continue to offer 24/7 digital services through our mobile app and online banking.