740:
728:
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235:") also left the group. The remaining 9 banks merged into one bank (Trust Bank New Zealand) although they continued to trade under their regional names. The community trusts remained as individual shareholders in the new organisation, with shares distributed as a percentage of shareholder funds.
202:
Some of these banks merged early on (e.g. in 1973 the 'Manawatu
Wairarapa Savings Bank' merged with what was by then the 'Hawke’s Bay & Gisborne Savings Bank' to form the 'Eastern & Central Savings Bank') and other renamed to reflect a change in focus (e.g. Dunedin Savings Bank became the
251:
All of the community trusts still exist, although only one retains any shares in the bank that they were established from. Each community trust distributes money to the communities that they served within the boundaries of the former regional banks. The trusts are:
211:
In 1984 the 12 regional banks took on a common name of 'Trustee Banks' - and changed their names to reflect this (e.g. 'Trustee Bank
Southland'). The exception to this was the former New Plymouth Savings Bank that had changed its name to
242:
for $ 1.2 billion. The two banks merged as
WestpacTrust, although the word trust was phased out by 2002. From this time, ASB Bank (who had taken over Westland Bank) and TSB Bank became the only remaining "regional" banks.
226:
In 1988 all savings banks were corporatised under the
Trustee Banks Restructuring Act 1988 hand ownership of each bank was vested in a regional community trust. At this stage Taranaki Savings Bank (who became
223:(who had also retained links to its former name of Auckland Savings Bank) withdrew from the Trust Bank group completely and began expanding as a commercial bank in its own right, simply called ASB Bank Ltd.
113:
was a registered bank that operated in New
Zealand between 1986 and 1996. It was made up of (most of) the former regional savings banks that had their origins as far back as 1847. It was acquired by
29:
133:
Trust Bank New
Zealand (TBNZ) had its origins in New Zealand's regional trustee savings banks. The five original banks were established under the Savings Bank Act 1858, and were:
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After the Second World War there was a huge increase in the number of regional trustee savings banks, with the following new banks opening:
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in 1996 which phased out the Trust Bank brand at the end of 2002, when the bank was rebranded from
WestpacTrust to simply Westpac.
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Less than two years later the network re-branded again as Trust Bank (e.g. 'Trust Bank Bay of Plenty'). Shortly after this
928:
918:
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435:
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301:(formerly The Canterbury Community Trust), former owner of Trust Bank Canterbury / Canterbury Savings Bank
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213:
145:
969:
693:
232:
158:
325:(formerly Community Trust of Southland), former owner of Trust Bank Southland / Southland Savings Bank
295:(formerly Wellington Community Trust), former owner of Trust Bank Wellington / Wellington Savings Bank
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120:
28:
881:
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259:(formerly ASB Community Trust), former owner of ASB Bank Ltd / Auckland Savings Bank
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277:(formerly TSB Community Trust), 100% owner of TSB Bank Ltd / Taranaki Savings Bank
627:
457:
413:
307:, former owners of Trust Bank South Canterbury / South Canterbury Savings Bank
40:
292:
933:
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831:
289:, former owner of Trust Bank Central / Eastern & Central Savings Bank
220:
138:
774:
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783:
271:, former owner of Trust Bank Bay of Plenty / Bay of Plenty Savings Bank
239:
322:
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Finally, in 1996 the community trusts sold Trust Bank New
Zealand to
628:"Community Trust of Southland | Community Trust of Southland"
458:"Community Trust of Southland | Community Trust of Southland"
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119:
310:
298:
856:
274:
787:
649:
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694:"List of registered banks in New Zealand - past and present"
313:, former owners of Westland Bank Ltd / Westland Savings Bank
283:, former owner of Trust Bank Central / Wanganui Savings Bank
304:
286:
265:, former owner of Trust Bank Waikato / Waikato Savings Bank
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366:"Savings Banks Act 1858 (21 and 22 Victoriae 1858 No 52)"
319:, former owners of Trust Bank Otago / Otago Savings Bank
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893:Italics in the above indicate domestic ownership.
392:"ASB Bank | Business History | Timeline"
372:. New Zealand Legal Information Institute. 1858
231:) and Trustbank Westland (who renamed itself "
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192:the South Canterbury Savings Bank (est. 1964)
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21:
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305:Community Trust Mid & South Canterbury
189:the Bay of Plenty Savings Bank (est. 1964)
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1015:New Zealand companies established in 1986
154:the Invercargill Savings Bank (est. 1864)
480:"The Hokitika Savings Bank | NZETC"
216:and continues to trade under this name.
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195:the Wellington Savings Bank (est. 1964)
172:the Canterbury Savings Bank (est. 1962)
672:"Return to Westpac for New Zealanders"
607:"Trustee Banks Restructuring Act 1988"
1010:1996 disestablishments in New Zealand
287:Eastern & Central Community Trust
198:the Wanganui Savings Bank (est. 19??)
169:the Waikato Savings Bank (est. 1958)
7:
570:. The Community Archive. 2 June 2009
548:. The Community Archive. 2 June 2009
504:. The Community Archive. 2 June 2009
346:. The Community Archive. 2 June 2009
151:the Dunedin Savings Bank (est. 1864)
436:"Dunedin Savings Bank | NZETC"
965:Eastern & Central Savings Bank
14:
766:
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726:
696:. Rbnz.govt.nz. 24 November 2014
524:"Trust Bank Waikato (1987-1996)"
394:. Businesshistory.auckland.ac.nz
184:Manawatu Wairarapa Savings Bank
281:Whanganui Community Foundation
1:
203:Otago Savings Bank in 1964).
1005:Banks disestablished in 1996
995:Defunct banks of New Zealand
919:Colonial Bank of New Zealand
240:Westpac Banking Corporation
124:Trust Bank New Zealand logo
1031:
674:. NZHerald. 2 October 2002
311:West Coast Community Trust
111:Trust Bank New Zealand Ltd
22:Trust Bank New Zealand Ltd
1000:Banks established in 1986
293:Wellington Community Fund
146:New Plymouth Savings Bank
26:
934:Post Office Savings Bank
753:Trust Bank (New Zealand)
177:Hawke’s Bay Savings Bank
960:Canterbury Savings Bank
593:11 January 2014 at the
526:. The Community Archive
953:Regional trustee banks
482:. Nzetc.victoria.ac.nz
438:. Nzetc.victoria.ac.nz
207:Merger and dissolution
125:
33:Trust Bank New Zealand
970:Westland Savings Bank
844:The Co-operative Bank
323:Community Trust South
317:Otago Community Trust
214:Taranaki Savings Bank
159:Hokitika Savings Bank
139:Auckland Savings Bank
123:
814:Banks of New Zealand
869:Rabobank/RaboDirect
838:Bank of New Zealand
568:"Trust Bank NZ Ltd"
546:"Trust Bank NZ Ltd"
502:"Trust Bank NZ Ltd"
344:"Trust Bank NZ Ltd"
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16:Bank in New Zealand
907:Nationwide service
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414:"History of"
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229:TSB Bank Ltd
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115:Westpac Bank
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91:Headquarters
54:Trustee Bank
51:Company type
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834:/BankDirect
733:New Zealand
186:(est. 1963)
179:(est. 1962)
161:(est. 1866)
148:(est. 1850)
141:(est. 1847)
989:Categories
944:Trust Bank
939:Rural Bank
416:. TSB Bank
330:References
46:Trust Bank
41:Trade name
700:30 August
656:30 August
634:30 August
574:30 August
552:30 August
530:30 August
508:30 August
486:30 August
464:30 August
442:30 August
420:30 August
398:30 August
350:30 August
875:SBS Bank
863:Kiwibank
591:Archived
269:BayTrust
101:Services
86:Acquired
59:Industry
888:Westpac
719:Portals
75:Defunct
67:Founded
62:Finance
678:8 June
612:8 June
376:26 May
745:banks
857:HSBC
775:Data
702:2015
680:2023
658:2015
636:2015
614:2023
576:2015
554:2015
532:2015
510:2015
488:2015
466:2015
444:2015
422:2015
400:2015
378:2024
352:2015
182:the
175:the
157:the
144:the
137:the
83:Fate
78:1996
70:1988
882:TSB
832:ASB
827:ANZ
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