On May 29, Toronto-based Bank of Nova Scotia (Scotiabank) announced that it has entered into a definitive agreement to acquire Dallas-based Maple Financial Holdings Inc., parent company of MapleMark Bank. MapleMark Bank has offices in Dallas and Tulsa, Oklahoma.
MapleMark Bank reported assets just over $1 billion and $826 million in deposits as of March, according to S&P Global Market Intelligence data. Established in 1909 and now led by brothers Tony Davis and Eric Davis, MapleMark Bank serves high-net-worth individuals, family offices, middle-market companies, hedge funds and boutique private equity groups. According to its website, the bank “combines modern technology with a private-banking mindset to create an experience that is efficient, personal and intentionally quiet in a noisy industry.”
With assets of approximately $1.5 trillion (as at April 30, 2026), Scotiabank is one of the largest banks in North America by assets and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). According to Banking Dive, Scotiabank has been expanding its reach in the U.S. over the past several years, taking a nearly 15 percent stake in Cleveland-based KeyBank in 2024.
“Our acquisition of MapleMark Bank allows Scotiabank to offer FDIC deposit insurance to our clients, which is important for our mortgage capital markets business and our deposit growth strategy,” says Travis Machen, Scotiabank’s CEO and group head/global banking and markets. “MapleMark Bank is a well-run bank…and further supports our strategic focus within the North American corridor.” Machen also serves on the Financial Sector Advisory Council of the Federal Reserve Bank of Dallas.
Established in 1832, the Bank of Nova Scotia has more than 2,300 banking offices worldwide.
