Dallas-based Maple Financial Holdings—the parent company of MapleMark Bank, a U.S. commercial bank with operations primarily in Dallas—has inked an agreement to be acquired by Toronto-based Scotiabank (NYSE: BNS).
Travis Machen, CEO and group head of global banking and markets at Scotiabank, said the acquisition “allows Scotiabank to offer FDIC deposit insurance to our clients, which is important for our Mortgage Capital Markets business and our deposit growth strategy.”...