Scotiabank is acquiring Dallas-based Maple Financial Holdings and its subsidiary MapleMark Bank. .The price of the deal, announced May 29, was not disclosed. The $1 billion MapleMark Bank has $826 million in deposits and two branches, in Dallas and Tulsa, Okla. The deal enables the $1.5 trillion Scotiabank to offer FDIC deposit insurance, which is important for its mortgage capital markets business and deposit growth strategy, said Travis Machen, CEO and group head of global banking and markets.
