If banks are granted powers to underwrite life insurance, National City Corp. chairman and chief executive officer David Daberko says, his company will be one of the first in line to buy a life insurance company.

Regulators haven't given banks the green light to make such acquisitions, but Mr. Daberko is optimistic. And when that day comes he'll be on the prowl for an insurer "with a large footprint" in his Cleveland- based company's market-Ohio, Pennsylvania, Indiana, and Kentucky.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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