TSB (New Zealand)

TSB Bank Ltd (originally known as the Taranaki Savings Bank) trading as TSB, is a New Zealand bank with headquarters in New Plymouth. It has 25 branches across the country but is heavily focused on the Taranaki region where 12 of its branches are located. The New Plymouth Savings Bank was established in 1850 and received its first deposit on 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.
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