Scotiabank Wins Fed Approval to Buy Oklahoma-Based MapleMark Bank
By PYMNTS
AI summary of the source article
The Federal Reserve Board has approved Bank of Nova Scotia's application to become a bank holding company. The decision enables Scotiabank to acquire Dallas-based Maple Financial Holdings and indirectly acquire Tulsa-based MapleMark Bank.
Key facts
- The Federal Reserve Board approved Bank of Nova Scotia's application to become a bank holding company.
- The approval allows the acquisition of Dallas, Texas-based Maple Financial Holdings and indirectly Tulsa, Oklahoma-based MapleMark Bank.
- Bank of Nova Scotia operates under the name Scotiabank.
Source excerpt · PYMNTS
The Federal Reserve Board approved the application by the Bank of Nova Scotia to become a bank holding company by acquiring Dallas, Texas-based Maple Financial Holdings and thereby indirectly acquiring Tulsa, Oklahoma-based MapleMark Bank, the Fed said in a Thursday (Oct. 29) press release. Bank of Nova Scotia operates as Scotiabank, according to the company’s […] The post Scotiabank Wins Fed Appr…