The Federal Reserve Board has announced its approval of an application submitted by The Bank of Nova Scotia, a financial institution based in Toronto, Canada. The approval allows the Canadian bank to restructure its U.S. operations by becoming a bank holding company.
The proposed transaction involves the acquisition of Maple Financial Holdings, Inc., which is headquartered in Dallas, Texas. Through this acquisition, The Bank of Nova Scotia will indirectly acquire MapleMark Bank, which is located in Tulsa, Oklahoma.
The Board’s approval signifies that the proposed acquisition meets the necessary regulatory requirements for the transaction to proceed. The announcement was released on Thursday, October 29, 2026.
