Maple Financial to merge with Oakwood Bancshares.

Maple Financial, the parent company of MapleMark Bank, agreed to merge with Oakwood Bancshares, the parent company of Oakwood Bank. Financial terms were not disclosed. "We are excited about the combination with Oakwood and their management team. Oakwood has earned its strong reputation throughout the community and we look forward to joining forces. Our shared culture, strategic vision and complementary strengths will provide significant value for shareholders and clients alike going forward. The combined company will benefit from enhanced scale, increased market share and an experienced leadership team," Tony Davis, MapleMark Chairman and CEO.