Scotiabank has entered into a definitive agreement to acquire Maple Financial Holdings Inc., a deal that will support its U.S. mortgage capital markets business, the bank announced Friday. Financial terms were not disclosed.

Maple Financial is the parent company of MapleMark Bank, a U.S. commercial bank with operations primarily in Dallas.

“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,” Travis Machen, CEO and group head of global banking and markets at Scotiabank, said in a statement.

“MapleMark Bank is details ⇒

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