Scotiabank buying U.S. commercial bank MapleMark - BNN Bloomberg
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Article Excerpt
TORONTO — Scotiabank has signed a deal to buy the parent company of MapleMark Bank, a U.S. commercial bank.
Financial terms for Maple Financial Holdings Inc. were not immediately available.
Travis Machen, chief executive and group head of global banking and markets at Scotiabank, says the deal allows the Canadian bank to offer U.S. Federal Deposit Insurance Corp. deposit insurance to clients.
Latest updates on company news here
“MapleMark Bank is a well-run bank primarily operating in Dallas, Texas and further supports our strategic focus within the North American corridor,” Machen said in…
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