HGH - Heartland Group Holdings

[Nizzy]

Yes a couple of local guys organising a petition and are hoping that if they can get enough people against it that HGH Will pull the pin. I heard them talking about it on the radio and at that stage last week they had 2000 signatures against the transaction.

I can understand their main concern that Heartland will close the physical branches down and stop funding community events.

more than a petition. Its going to court. further consultation with locals. Appears Toi got some stuff wrong. Some TSB folk dislike Heartland's reverse mortgage offering.   

[Basil]

https://www.nzherald.co.nz/business/companies/banking-finance/legal-threat-by-former-tsb-chair-slows-progress-on-proposed-merger-of-tsb-and-heartland-bank/5HOVLLAZGNFZFLHZDUMBIX4ALM/
Former Chairperson of the Toi foundation believes one of the issues is that Heartland's reverse mortgages are "repugnant".