Part of New Zealand since 1875

Heartland's roots stretch back to 1875 with the inception of Ashburton Permanent Building & Investment Society, which subsequently merged with SMC Building Society and Loan & Building Society to become CBS Canterbury. Over the decades it provided the people in the Canterbury region with home, rural and business loans, term investments, and savings and day-to-day accounts.

Southern Cross similarly had a long history. Opening in Auckland in 1923, it offered a similar range of financial services to its customers throughout the North Island.

For nearly 60 years MARAC has supported the growth of small-to-medium sized New Zealand businesses with a range of finance, investment and insurance solutions.

In January 2011, the merger of Southern Cross, CBS Canterbury and MARAC created the business that became Heartland Building Society.

On 31 August 2011, Heartland acquired PGG Wrightson Finance (PWF), bringing significant impetus to Heartland’s rural strategy and diversity to Heartland’s asset base.

On 17 December 2012, Heartland was granted its bank registration by the Reserve Bank of New Zealand, achieving its goal of becoming the only New Zealand operated, controlled and managed banking group, with a parent company (Heartland New Zealand Limited) that was listed on the NZX Main Board.

On 31 January 2013 Heartland Building Society converted from a building society to a company, and became Heartland Bank Limited.

On 31 December 2015, Heartland Bank Limited amalgamated with its parent company, Heartland New Zealand Limited. This meant that Heartland Bank Limited became the first New Zealand registered bank to be listed on the NZX Main Board.