Scotiabank buying U.S. commercial bank MapleMark

The Scotiabank building on the day of their annual AGM in Toronto on Tuesday, April 04, 2017. THE CANADIAN PRESS/Aaron Vincent Elkaim

TORONTO — Scotiabank has signed a deal to buy the parent company of MapleMark Bank, a U.S. commercial bank.

Financial terms for Maple Financial Holdings Inc. were not immediately available.

Travis Machen, chief executive and group head of global banking and markets at Scotiabank, says the deal allows the Canadian bank to offer U.S. Federal Deposit Insurance Corp. deposit insurance to clients.

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Scotiabank says MapleMark’s operations are primarily in Dallas.

Machen says the deal supports Scotiabank’s strategic focus within the North American corridor.

The deal is subject to customary closing conditions and regulatory approvals.

This report by The Canadian Press was first published May 29, 2026.