Heartland Bank

Heartland Bank Limited (formerly Heartland Building Society) provides savings and transactional accounts, term deposits, home and vehicle loans, business and rural loans, investments, credit and debit cards, online banking as well as insurance services such as lifestyle protection insurance, guaranteed asset protection (GAP) insurance and car insurance. It also offers asset finance, plant and machinery finance, capital livestock finance, seasonal finance and stock lease finance. Heartland was created in 2011, through the merger of CBS Canterbury (Canterbury Building Society), Southern Cross Building Society, MARAC Finance and PGG Wrightson Finance (PWF). In January 2013, Heartland Building Society changed its name to Heartland Bank Limited. At September 30, 2016, it had total assets of NZ$3.655 billion and deposits of NZ$3.1 billion, then larger than the Co-operative Bank but smaller than SBS Bank. On October 31, 2018, Heartland completed a corporate restructure under which Heartland Bank Limited became a wholly owned subsidiary of a new listed parent company, Heartland Group Holdings Limited (NZX/ASX: HGH); announcements dated before November 1, 2018 were published by Heartland Bank Limited (NZX: HBL). On April 30, 2024, Heartland Bank completed the acquisition of Challenger Bank Limited of Australia from Challenger Limited, making it the first New Zealand registered bank to acquire an Australian authorised deposit-taking institution; that bank has since been rebranded Heartland Bank Australia Limited. Andrew Dixson became chief executive of Heartland Group Holdings Limited on October 1, 2024, succeeding Jeff Greenslade, who retired on September 30, 2024; Leanne Lazarus has been chief executive of Heartland Bank in New Zealand since August 2022. Heartland Bank had total assets of NZ$5.633 billion at June 30, 2026. Heartland Bank has a long-term issuer default rating of BBB with a stable outlook from Fitch.

On June 2, 2026, Heartland Group Holdings signed a conditional merger implementation agreement with Toi Foundation to acquire all of the shares in TSB Bank Limited for NZ$620 million and merge TSB with Heartland Bank as TSB Heartland Bank Limited. Heartland says the merged bank would be New Zealand's seventh largest, with approximately NZ$15 billion in total New Zealand assets. Toi Foundation's trustees approved the transaction on August 27, 2026; a Heartland shareholder vote was scheduled for September 30, 2026, and completion is targeted for December 2026, subject to shareholder and regulatory approvals.

Head office address:
Level 3, 277 Broadway
Newmarket, Auckland, 1023
Phone: 0508 432 785
International call: +649 520 0097
Website: www.heartland.co.nz

Offices

Level 3, 277 Broadway, Newmarket, Auckland 1023

41 Elizabeth Street, Tauranga 3110

Level 3, 158 Gloucester Street, Christchurch 8011

224 East Street, Ashburton 7700