Heartland Bank, which obtained banking registration from the Reserve Bank in December, has joined industry lobby group the New Zealand Bankers’ Association (NZBA).
Heartland was formed through the merger of Marac Finance, CBS Canterbury and Southern Cross Building Society in January 2011.
“We are pleased to have New Zealand’s newest bank join us. Having Heartland on board further demonstrates the diversity of our banking sector,” said NZBA chief executive Kirk Hope.
Hope said that as the industry’s voice, the NZBA supports a strong and stable banking system. Member banks work together on non-competitive industry issues.
The NZBA now has 14 members including ANZ Bank New Zealand, ASB Bank, Bank of New Zealand, Bank of Tokyo-Mitsubishi UFJ, Citibank, The Co-operative Bank, Hong Kong and Shanghai Banking Corporation, JPMorgan Chase Bank, Kiwibank, Rabobank New Zealand, SBS Bank, TSB Bank, and Westpac New Zealand.