Federal Reserve Board announces approval of application by The Bank of Nova Scotia

What happened: The Federal Reserve Board approved The Bank of Nova Scotia's application to become a bank holding company by acquiring Maple Financial Holdings, Inc. of Dallas, Texas, and indirectly MapleMark Bank of Tulsa, Oklahoma. Key numbers: Announced October 29, 2026, for release at 4:30 p.m. EDT. Why it matters: The approval allows the Toronto-based bank to become a bank holding company through the acquisition, extending its US banking presence via MapleMark Bank.

The Federal Reserve Board approved The Bank of Nova Scotia's application to become a bank holding company by acquiring Maple Financial Holdings, Inc. of Dallas, Texas, and indirectly MapleMark Bank of Tulsa, Oklahoma.

The approval allows the Toronto-based bank to become a bank holding company through the acquisition, extending its US banking presence via MapleMark Bank.