Federal Reserve approves Bank of Nova Scotia bid to acquire MapleMark Bank

Federal Reserve approval for Bank of Nova Scotia

The Federal Reserve Board announced on October 29 that it had approved Bank of Nova Scotia’s application to become a bank holding company by acquiring Maple Financial Holdings, Inc., of Dallas, Texas. The approval also covers the bank’s proposed indirect acquisition of MapleMark Bank of Tulsa, Oklahoma.

Scope of the approved transaction

The transaction centers on Bank of Nova Scotia acquiring Maple Financial Holdings, with MapleMark Bank owned indirectly following the acquisition. The Federal Reserve’s order is an approval of the bank-holding-company application; the reviewed reporting does not provide a closing date or state that the acquisition had been completed.

Release timing and next step

The Federal Reserve’s announcement was scheduled for release at 4:30 p.m. EDT on October 29, 2026. The reviewed materials did not identify a subsequent closing timetable or announce that the transaction had closed.