|Type||State owned enterprise|
|Founded||24 February 1987 - Foundations set in 1867|
|Fate||Acquired by ANZ|
Post Office Savings Bank for 120 years or very briefly PostBank (trading name of Post Office Bank Limited), was a bank owned by the New Zealand Government as the government's postal savings system. The origins of the bank were established in 1867; it became PostBank in 1987 and was disestablished and the branches were rebranded when it was acquired by Australia and New Zealand Banking Group in 1989.
PostBank was formed when the New Zealand Post Office (a former Government Department) was split up by the Postal Services Act 1987 into Post Office Bank Ltd (trading as PostBank), New Zealand Post Ltd (a Postal Services company) and Telecom Corporation of New Zealand Ltd (a telecommunications company). It purchased the assets of the former Post Office Savings Bank.
PostBank shared many operating characteristics with the later Kiwibank, a bank which initially operated as a wholly owned subsidiary of the state-owned enterprise, New Zealand Post Limited. Later, Kiwibank and New Zealand Post started a process of no longer co-locating with Kiwibank opening 13 stand-alone stores.
- "ANZ Corporate Information: History of ANZ". ANZ. Retrieved 22 June 2015.
- "Kiwibank customers 'appalled' by branch closures". Radio New Zealand. 2018. Retrieved 24 November 2018.
- "THE POST OFFICE SAVINGS BANK". 1966 Encyclopaedia of New Zealand. Ministry for Culture and Heritage. 1966. Retrieved 22 June 2015.