NationsBanc Montgomery Securities has created a division to focus on insurance mergers and acquisitions.

The new group will let NationsBanc Montgomery expand its insurance services to meet the needs of the bank's clients, a spokesman said. NationsBanc Montgomery is the investment banking and brokerage unit of Charlotte, N.C.-based BankAmerica Corp.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.