Scotiabank announced that it has entered into a definitive agreement to acquire Maple Financial Holdings, the parent company of MapleMark Bank, a U.S. commercial bank with operations primarily based in Dallas, Texas. The transaction is intended to support the continued growth of Scotiabank’s Global Banking and Markets business and strengthen its presence across the North American corridor.
MapleMark Bank’s operations will enable Scotiabank to offer Federal Deposit Insurance Corporation (FDIC) deposit insurance to clients, an important capability for the bank’s Mortgage Capital Markets business and broader deposit growth strategy. Scotiabank said the acquisition aligns with its focus on expanding key banking and capital markets activities in North America.
Headquartered in Dallas, MapleMark Bank is described as a well-managed institution that complements Scotiabank’s strategic priorities. The transaction remains subject to customary closing conditions and regulatory approvals. Scotiabank noted that the acquisition is not expected to have a material impact on its earnings or Common Equity Tier 1 (CET1) capital ratio.
With approximately $1.5 trillion in assets as of April 30, 2026, Scotiabank is one of the largest banks in North America and provides a broad range of personal, commercial, wealth management, corporate banking, investment banking, and capital markets services.
KEY QUOTES:
“Our acquisition of MapleMark Bank allows Scotiabank to offer FDIC deposit insurance to our clients, which is important for our Mortgage Capital Markets business and our deposit growth strategy. MapleMark Bank is a well-run bank primarily operating in Dallas, Texas and further supports our strategic focus within the North American corridor.”
Travis Machen, CEO And Group Head, Global Banking And Markets, Scotiabank
