is about tsb bank in new zealand . for tsb banks in other parts of the world see tsb bank . tsb bank type trustee bank founded 28 september 1850 headquarters new plymouth new zealand products banking and financial services website www.tsbbank.co.nz tsb bank originally known as the taranaki savings bank is a new zealand bank with headquarters in new plymouth . it has 26 branches across the country but is heavily focused on the taranaki region where 12 of its branches are located . it provides retail banking and related financial services to individuals and companies . it was originally one of twelve trustee banks in new zealand but when nine banks decided to amalgamate as trust bank tsb bank stood aside and remained an independent institution and has since expanded its business across the country . the bank is owned by the tsb community trust which distributes the income its receives from the bank back into the new zealand community . in addition to banking tsb bank ltd operates tsb realty with three branches in okato bell block and new plymouth . 1 tsb also operates tsb holiday shoppe from new plymouth as well as tsb foreign exchange from 13 branches around the country . contents 1 history 2 sponsorship 3 ownership 4 references 5 external links history edit the new plymouth savings bank was established in 1850 and received its first deposit on the 28 september 1850 from waitera te karei with a deposit of 34 . at the time the bank s accountant was paid an annual salary of 20 so the deposit was a considerable sum . eight years later the bank fell under the auspices of the savings bank act 1858 designed to regulate the savings bank market . in 1921 a second branch was opened in fitzroy and a third in waitara in 1946 . in 1964 the first central taranaki branch opened in stratford combined with a name change to taranaki savings bank . with the loosening of regulations on banking in the 1970s the bank s position was sufficiently sound for it to take maximum advantage of its new found freedom . in 1975 taranaki savings bank was the first bank to offer free interest bearing cheque accounts and in 1981 the bank pioneered new zealand s atm cashflow network with one atm installed in each of the hawera fitzroy new plymouth city and new plymouth city centre now tsb centre branches . in 1984 and again in 1986 the bank rejected the branding adopted by the other eleven trustee banks across new zealand and in 1988 when the trustee banks were corporatised under the trustee banks restructuring act 1988 2 the bank stood aside from the merger into a single trust bank remaining along with asb bank ltd and westland bank fiercely independent . the savings bank was vested as a limited liability company under the name taranaki savings bank limited on 9 september 1988 nine days after the other 13 trustee banks were vested in their successor companies . 3 in 1989 it did update its name to tsb bank ltd. 4 the frankleigh park branch was closed in 2012 5 the merrilands branch on 25 july 2014 6 and the city branch in october 2014 . 7 the city branch building was 83 years old but assessed to be an earthquake risk . this building was the bank s former headquarters and still bore the old name new plymouth savings bank . sponsorship edit tsb bank sponsors a number of organisations and has naming rights to many of them . some of these include tsb bank wallace arts centre which opened in 2010 at pah homestead in auckland . it houses the james wallace art trust s collection of new zealand art which is valued at nz 50 million . 8 takapuna bowling club 9 omanu beach surf life saving club inc 10 tsb bank festival of lights 11 tsb bank new zealand surf festival 12 tsb stadium 13 tsb showplace 14 tsb bank arena 15 ownership edit ownership of tsb bank remains vested in the tsb community trust 16 with all profits staying in new zealand . the most recent dividend paid by the bank to the trust was more than 10million . 17 references edit tsb realty . trustee banks restructuring act 1988 . knowledge basket . trustee banks restructuring act repeal act 1999 . new zealand legislation . new zealand government . retrieved 11 january 2014 . our story . tsb bank . anthony john 21 august 2012 . shift to online banking spells end for branch . taranaki daily news . strongman susan 20 june 2014 . merrilands tsb bank branch to close . taranaki daily news . tsb bank s city branch to close . www.tsbbank.co.nz . tsb bank . retrieved 5 december 2014 . introducing the tsb bank wallace arts centre . city scene . 29 march 2009 . p. 1 . retrieved 2009 04 07 . takapuna bowls . omanu beach surf life saving club . tsb bank festival of lights . surf festival . new plymouth event venues . new plymouth district council . tsb showplace . new plymouth district council . tsb bank arena . positively wellington . tsb trust . annual report 2009 pdf . tsb community trust . external links edit official website v t e banks of new zealand current banks anz asb bankdirect bank of new zealand the co operative bank heartland bank hsbc kiwibank rabobank rabodirect sbs bank tsb bank westpac italics in the above indicate domestic ownership former banks nationwide service post office savings bank trust bank countrywide bank national bank regional trustee banks bay of plenty savings bank canterbury savings bank eastern & central savings bank otago savings bank south canterbury savings bank southland savings bank waikato savings bank wanganui savings bank wellington savings bank westland savings bank retrieved from https en.wikipedia.org w index.php title tsb bank new zealand & oldid 733742483 categories banks of new zealandbanks established in 18501850 establishments in new zealandhidden categories use dmy dates from october 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to 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