The Globe and Mail reports in its Saturday edition that Scotiabank has struck a deal to buy a Texas-based bank in its latest move to expand its business in the United States. The Globe's Stefanie Marotta writes that the Canadian lender said it will acquire Maple Financial Holdings Inc., the parent company of MapleMark Bank, a commercial lender with operations primarily in Dallas. Scotiabank has been expanding its global banking and markets business in the U.S. as part of its strategy to benefit from business ties and trade between its three largest markets in Canada, Mexico and the U.S. In 2024, Scotiabank paid $2.8-billion in cash for a 14.9-per-cent ownership stake in Cleveland-based KeyCorp, which operates 1,000 branches across 15 states (all figures U.S.). MapleMark Bank provides personal and commercial banking and treasury management services, largely in Texas and Oklahoma. The lender has $1.01-billion in total assets and 82 employees. The deal allows Scotiabank to offer its clients insurance from the Federal Deposit Insurance Corp., which covers up to $250,000 in deposits for each account if a bank fails. The move is a part of the lender's focus on expanding its deposit base. Not disclosed were financial terms.