NAICS Code 551111-01 - Holding Companies (Bank)

Marketing Level - NAICS 8-Digit

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Total Verified Companies: 1,070
Contact Emails: 406,936
Company Websites: 1,008
Phone Numbers: 1,027
Business Addresses: 1,070
Companies with Email: 500
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NAICS CODE 551111-01
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NAICS Code 551111-01 Description (8-Digit)

Holding Companies (Bank) is an industry that involves companies that own and control one or more banks. These companies do not offer banking services themselves, but rather hold the controlling interest in other banks. Holding Companies (Bank) are responsible for managing the assets and liabilities of the banks they own, as well as overseeing their operations and ensuring compliance with regulatory requirements. This industry is an important part of the financial sector, as it allows for the consolidation of resources and expertise, which can lead to increased efficiency and profitability.

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 551111 page

Tools

Tools commonly used in the Holding Companies (Bank) industry for day-to-day tasks and operations.

  • Asset management software
  • Risk management software
  • Financial analysis tools
  • Compliance management software
  • Portfolio management software
  • Investment tracking software
  • Accounting software
  • Loan origination software
  • Customer relationship management (CRM) software
  • Business intelligence tools

Industry Examples of Holding Companies (Bank)

Common products and services typical of NAICS Code 551111-01, illustrating the main business activities and contributions to the market.

  • Bank of America Corporation
  • JPMorgan Chase & Co.
  • Wells Fargo & Company
  • Citigroup Inc.
  • Goldman Sachs Group, Inc.
  • Morgan Stanley
  • U.S. Bancorp
  • PNC Financial Services Group, Inc.
  • Capital One Financial Corporation
  • BB&T Corporation

History

A concise historical narrative of NAICS Code 551111-01 covering global milestones and recent developments within the United States.

  • The history of the Holding Companies (Bank) industry dates back to the early 20th century when the first bank holding company was established in the United States. The Bank of America was the first bank holding company to be established in 1929. The establishment of bank holding companies allowed banks to expand their operations and diversify their services. In the 1980s, the industry experienced significant growth due to deregulation, which allowed holding companies to acquire other banks and expand their operations. In recent years, the industry has faced challenges due to increased regulation and the 2008 financial crisis, which led to the failure of several large holding companies such as Lehman Brothers and Bear Stearns.