> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Scotiabank Agrees to Acquire Dallas-Based MapleMark Bank
- URL: https://www.theglobalbanker.com/scotiabank-agrees-acquire-maplemark-bank-dallas-global-banking-markets/
- Published: 2026-05-29T14:14:00.000Z
- Updated: 2026-10-01T23:46:48.000Z
- Description: Scotiabank has agreed to acquire Maple Financial Holdings, parent of Dallas-based MapleMark Bank, to support the US expansion of its Global Banking and Markets business.
- Author: TGB Editorial Team
- Tags: M&A, Americas

Scotiabank has agreed to acquire Maple Financial Holdings, the parent company of Dallas-based MapleMark Bank, in a transaction designed to support the strategic growth of its Global Banking and Markets business in the United States. The Canadian lender announced the deal on Friday.

Financial terms were not disclosed. The transaction remains subject to customary closing conditions and regulatory approvals.

#### US COMMERCIAL BANKING BOLT-ON

MapleMark Bank is a US commercial bank operating primarily in Dallas, Texas, with operations also in Tulsa, Oklahoma. On an earnings call two days earlier, chief executive Scott Thomson had said Scotiabank would consider a tuck-in deal to obtain FDIC insurance and stickier deposits.

Scotiabank, formally the Bank of Nova Scotia and listed on both the New York and Toronto stock exchanges, has been emphasising a North American corridor strategy and took a stake of nearly 15 percent in KeyCorp in 2024\. Scotiabank said owning MapleMark would allow it to offer FDIC deposit insurance to clients, which Travis Machen, CEO and Group Head, Global Banking and Markets, said was important for its Mortgage Capital Markets business and its deposit growth strategy.

#### SUBJECT TO REGULATORY APPROVALS

The acquisition is subject to customary closing conditions and to the receipt of regulatory approvals. 

Scotiabank did not disclose a timeline for closing. The deal is not expected to have a material impact on Scotiabank's earnings or CET1 ratio. 

Scotiabank framed the transaction as a strategic step to support the growth of its Global Banking and Markets business in the US.

MapleMark had just over USD 1 billion in assets and USD 826 million in deposits as of March 2026, according to FDIC data.