National City Corp. of Cleveland has licensed 225 brokers outside Ohio to sell insurance through a brokerage subsidiary.

"It's more efficient, it's simple from a bookkeeping aspect, and it's more profitable" than using an outside firm, said a spokesman for the $88 billion-asset bank, which made the switch Jan. 4.

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.