Maple Financial Holdings Acquired by Scotiabank | Financial Services M&A Deal

Scotiabank has acquired Maple Financial Holdings, a banking business in Oklahoma, for $1.01 billion. Maple Financial Holdings acquisition brings a US commercial bank platform focused on mortgage and structured finance activities serving US borrowers. Scotiabank acquisitions are aimed at expanding financial services M&A capabilities in the American mortgage industry, supporting OK acquisitions and add on acquisition growth. The strategic acquisition is structured as an add on acquisition, with Scotiabank as a strategic buyer pursuing a bolt-on expansion in banking acquisition.