Overview
- Scotiabank has entered a definitive agreement to acquire Maple Financial Holdings, the parent of MapleMark Bank, a commercial lender based in Dallas with operations in Texas and Oklahoma.
- The deal’s financial terms were not disclosed and the transaction is subject to customary closing conditions and regulatory approvals.
- Scotiabank says the acquisition lets it offer FDIC‑insured deposits to clients, a capability it views as important for its mortgage capital markets and deposit growth strategy.
- The bank said it does not expect the transaction to have a material impact on its earnings or its common equity tier 1 capital ratio.
- The move builds on Scotiabank’s North American corridor strategy and recent U.S. moves — including a 2024 stake in KeyCorp and hires to grow a mortgage warehouse finance team — as regional bank pullbacks created openings in warehouse lending that Scotiabank aims to fill.