NAICS Code 522110 - Commercial Banking
NAICS Code 522110 Description
This industry comprises establishments primarily engaged in accepting demand and other deposits and making commercial, industrial, and consumer loans. Commercial banks and branches of foreign banks are included in this industry.
NAICS Code 522110 - Commercial Banking is a final level code of the “Finance and Insurance” Sector. There are 81,891 companies verified as active in this industry in the USA with an estimated employment of 1,617,455 people.
Industry SectorFinance and Insurance
SBA Size StandardAnnual Revenue Limit of $600,000,000
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Hierarchy Navigation for NAICS Code 522110
Industry Examples of NAICS 522110
Common types of examples within NAICS Code 522110 - Commercial Banking are:
- Banks, commercial
- Branches of foreign banks
- Commercial banking
- Commercial banks
- Depository trust companies
- National commercial banks
- State commercial banks
Example photo for industry NAICS 522110 - Commercial Banking . This image represents an activity or product found in this industry.
- Establishments primarily engaged in credit card banking are classified in NAICS Code - 522210 - Credit Card Issuing.
- Establishments known as industrial banks and primarily engaged in accepting deposits are classified in NAICS Code - 522190 - Other Depository Credit Intermediation.
- Establishments of depository institutions primarily engaged in trust activities are classified in U.S. NAICS Code - 523991 - Trust, Fiduciary, and Custody Activities..
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- Business Development
- Executive Director
- Human Resource
- Vice President
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Questions & Answers
What is the NAICS Code for Banks?
Banks are classified under NAICS Code 522110 – Commercial Banking.
What banks have the most branch offices for NAICS Code 522110 – Commercial Banking in the USA?
The commercial banking industry in the USA has numerous banks that have branch offices. The leading companies include Wells Fargo Bank, Suntrust Bank, Citizens Banks, Bank of America, BB&T, US Bank, Chase Bank, Key Bank, PNC Bank, Regions Bank, Fifth Third Bank, TD Bank, M&T Bank, and Citibank.
Do any banks have revenues over $1 billion per year?
Yes, there are nearly 300 companies with over $1 Billion in yearly revenues.
What is the SBA NAICS 522110 revenue limit?
Businesses with an annual revenue under $600,000,000 are considered small businesses by SBA.
How many active businesses operate in NAICS Code 522110?
There are 81,891 verified business locations operating primarily in this industry.
What was the total revenue for NAICS Code 522110?
In 2017 the total revenue for Commercial Banking was $456,964,012,000
What was the annual payroll for NAICS Code 522110?
In 2017 the annual payroll for Commercial Banking was $130,277,267,000
How many people work in NAICS Code 522110?
The number of reported paid employees is 1,617,455.