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'Positive': Finance Minister welcomes proposed merger between TSB and Heartland

Author
Newstalk ZB,
Publish Date
Tue, 2 Jun 2026, 7:15pm
 Finance Minister Nicola Willis readiing her Budget 2026 in. the House, Parliament, Wellington, New Zealand, May 28, 2026. Herald photograph by Mark Mitchell
Finance Minister Nicola Willis readiing her Budget 2026 in. the House, Parliament, Wellington, New Zealand, May 28, 2026. Herald photograph by Mark Mitchell

'Positive': Finance Minister welcomes proposed merger between TSB and Heartland

Author
Newstalk ZB,
Publish Date
Tue, 2 Jun 2026, 7:15pm

TSB and Heartland Bank are looking to join forces by the end of the year.

TSB owner Toi Foundation's seeking feedback on the plan to join with Heartland Bank, to the tune of $620 million.

Finance Minister Nicola Willis welcomes this decision to team up and take on the big Australian banks.

"That's positive, and good for the state of banking competition."

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