Bank of Nova Scotia received Federal Reserve Board approval on October 29, 2026, to become a bank holding company by acquiring Maple Financial Holdings. The transaction would also give the Canadian bank indirect ownership of MapleMark Bank.
Bank of Nova Scotia acquisition scope
The approved application covers the acquisition of Dallas-based Maple Financial Holdings, Inc., and, through it, MapleMark Bank of Tulsa, Oklahoma. Bank of Nova Scotia is based in Toronto, Canada.
The Fed announced approval of the application but did not say the acquisition had been completed or specify a closing date.
How the Fed reviews applications
The Federal Reserve’s overview of bank holding company reviews says the Board must consider the effects of proposed mergers and acquisitions involving bank holding companies. Its overview identifies factors addressed in public meetings, including financial and managerial resources, competition, and the convenience and needs of communities to be served.
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