TSB-Heartland merger delayed as Reserve Bank scrutinises proposal after requiring TSB’s financials to be externally reviewed

Jenée TibshraenyWellington Business Editor·NZ Herald·11 Nov, 2026 10:14 PM2 mins to read‌The proposed Heartland-TSB merger has stalled as the Reserve Bank runs the ruler over the deal. The proposed Heartland-TSB merger has stalled as the Reserve Bank runs the ruler over the deal. Regulatory hurdles are delaying completion of the proposed TSB-Heartland Bank merger by three months.The $620 million deal, unveiled in June, is now expected to settle by March 1.The Reserve Bank is still assessing the banks’ merger applications. It is also still reviewing TSB’s financial