WASHINGTON -- NationsBank Corp. chief executive Hugh L. McColl Jr. said Tuesday that a repeal of laws barring interstate branching would free as much as $100 billion for business loans.

Mr. McColl, a vocal branching proponent, also said the industry could save $5 billion to $10 billion a year if multistate holding companies like his were permitted to merge their banks under a single charter.

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.