NAICS Code 522110-02 - Banks

Marketing Level - NAICS 8-Digit

Business Lists and Databases Available for Marketing and Research

Total Verified Companies: 47,007
Contact Emails: 642,086
Company Websites: 46,829
Phone Numbers: 46,536
Business Addresses: 47,007
Companies with Email: 30,568
Get Business List
NAICS CODE 522110-02
Reach new customers, connect with decision makers, and grow your business.
Pricing from $0.05 to $0.25 per lead
Ideal for: Direct Mailing Email Campaigns Calling Market Research ‐ Free Sample & Report, Custom Lists, and Expert Support — All Included
Looking for more companies? See NAICS 522110 - Commercial Banking - 47,198 companies, 667,272 emails.

NAICS Code 522110-02 Description (8-Digit)

Banks are financial institutions that provide a range of services to individuals, businesses, and governments. The primary function of banks is to accept deposits from customers and use those funds to make loans, which generates interest income for the bank. Banks also offer a variety of other financial services, such as checking and savings accounts, credit cards, mortgages, and investment products. Banks play a crucial role in the economy by providing a source of credit for individuals and businesses, facilitating the flow of funds between savers and borrowers, and helping to manage risk in the financial system.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 522110 page

Tools

Tools commonly used in the Banks industry for day-to-day tasks and operations.

  • Core banking software
  • Customer relationship management (CRM) software
  • Loan origination software
  • Anti-money laundering (AML) software
  • Fraud detection software
  • Risk management software
  • Payment processing systems
  • Mobile banking apps
  • Online banking platforms
  • Automated clearing house (ACH) systems

Industry Examples of Banks

Common products and services typical of NAICS Code 522110-02, illustrating the main business activities and contributions to the market.

  • Retail banking
  • Investment banking
  • Corporate banking
  • Private banking
  • Wealth management
  • Mortgage lending
  • Credit card services
  • Foreign exchange services
  • Treasury management
  • Trust and estate planning

History

A concise historical narrative of NAICS Code 522110-02 covering global milestones and recent developments within the United States.

  • The banking industry has a long and rich history dating back to ancient civilizations such as Babylon, where merchants would make loans to farmers and traders. In the Middle Ages, Italian banking families such as the Medici and the Bardi became prominent, and the first modern banks were established in the 17th century. In the United States, the first bank was established in 1791, and the industry grew rapidly in the 19th and 20th centuries. Notable advancements in the industry include the introduction of credit cards in the 1950s, the development of online banking in the 1990s, and the rise of mobile banking in the 21st century. In recent history, the banking industry has faced significant challenges, including the 2008 financial crisis, which led to increased regulation and scrutiny. The industry has also been impacted by technological advancements, with many customers opting for online and mobile banking over traditional brick-and-mortar branches. Despite these challenges, the industry has continued to evolve and adapt, with many banks investing in new technologies such as artificial intelligence and blockchain to improve efficiency and customer experience.