Profile: Heartland Bank Ltd (HNZ.NZ)

Heartland Bank Limited, formerly Heartland New Zealand Limited, provides financial services to small-to-medium sized businesses, farmers and families. It has four segments: Retail and Consumer provides a range of financial services to New Zealand families, including term, transactional and savings based deposit accounts together with residential mortgage lending and motor vehicle finance; Business provides term debt, plant and equipment finance, commercial mortgage lending and working capital solutions for small-to-medium sized New Zealand businesses; Rural provides specialist financial services to the farming sector primarily offering livestock, rural mortgage lending, seasonal and working capital financing, as well as leasing solutions to farmers, and Non-core Property provides funding assets in the non-core property division of MARAC Finance Limited and the Society. On August 31, 2011, the Company acquired PGG Wrightson Finance Limited.