Mergers and Acquisitions

Scotiabank in its acquisition of MapleMark Bank Scotiabank in its acquisition of MapleMark Bank

Scotiabank
Key Contact
(Ricco) A.S. Bhasin

Partner, Corporate, Toronto

Team
Patrick Marley

Partner, Tax, Toronto

Sean Timlick

Associate, Tax, Toronto

On May 29, 2026, Scotiabank announced that it has entered into a definitive agreement to acquire Maple Financial Holdings, Inc. This acquisition of MapleMark Bank allows Scotiabank to offer FDIC deposit insurance to clients.

Scotiabank is a leading Canadian multinational banking and financial services company in the Americas.

Osler, Hoskin & Harcourt LLP advised Scotiabank as Canadian counsel with a team consisting of Ricco Bhasin (Corporate), Pat Marley and Sean Timlick (Tax).

Value
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Date Announced
May 29, 2026
Lead Office
Toronto
Key Contact
(Ricco) A.S. Bhasin

Partner, Corporate, Toronto

Team
Patrick Marley

Partner, Tax, Toronto

Sean Timlick

Associate, Tax, Toronto