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Federal Reserve approves Scotiabank application to acquire US financial firms
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The Federal Reserve approved Scotiabank’s application to acquire Dallas-based Maple Financial Holdings and indirectly acquire Tulsa’s MapleMark Bank.
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The US Federal Reserve has approved The Bank of Nova Scotia’s application to become a bank holding company by acquiring Maple Financial Holdings, a Dallas-based company, and indirectly acquiring MapleMark Bank in Tulsa.
The Federal Reserve Board announced the decision on 29 October. Scotiabank is based in Toronto, Canada. The approval concerns the application; the announcement does not say that the acquisitions have been completed.
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