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"Heartland Group has signed a deal with TSB's parent the Toi Foundation to buy TSB in a $620m deal to create 'a NZ challenger bank of scale with a regional focus' named TSB Heartland Bank."

by Gareth Vaughan

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"'Our expectation on industry is that prices should come down when the crisis is resolved and that the situation should not be used as a cover for increasing margins,' the Commerce Commission says."

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Toi Foundation sees $20m annual income increase from sale of TSB to Heartland Group & stake in bigger, combined bank

[updated]

Toi Foundation chairman says Heartland deal follows talks with multiple parties after an unsolicited approach in late 2024

2nd Jun 26, 12:37pm

by Gareth Vaughan

Toi Foundation chairman says Heartland deal follows talks with multiple parties after an unsolicited approach in late 2024

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