Bank NAICS Code and Industry Insights for Businesses

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Understanding the NAICS code is essential for businesses, especially when it comes to banking. The North American Industry Classification System (NAICS) code helps identify the specific industry of a business, which is crucial for financial institutions.

The NAICS code is a six-digit code that categorizes businesses into various sectors. For instance, the code 522110 represents the Depository Credit Intermediation industry, which includes banks and other financial institutions.

Businesses in the Depository Credit Intermediation industry, such as banks, use the NAICS code to classify their business activities. This helps banks to understand their customers' needs and tailor their services accordingly.

On a similar theme: Private Banking Banks

What is a Bank NAICS Code?

A bank NAICS code is a six-digit code used to classify businesses in the banking industry. The NAICS code for commercial banking is 522110.

This code is part of the North American Industry Classification System (NAICS), which was developed in 1997 to replace the Standard Industrial Classification (SIC) system. NAICS was created to allow for a high level of comparability in business statistics among North American countries.

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There are 53,994 companies verified as active in the commercial banking industry in the USA, with an estimated employment of 1,617,455 people. This industry is a final level code of the "Commercial Banking" Sector.

The NAICS code is used by federal statistical agencies to collect, analyze, and publish statistical data related to the U.S. business economy.

NAICS Code for Commercial Banking

The NAICS Code for Commercial Banking is a crucial piece of information for businesses and individuals in the industry. There are several subcategories within the 8-digit NAICS Code for Commercial Banking, including Automated Teller Machines, Banks, and Commercial Banks NEC.

Automated Teller Machines, for example, fall under the 522110-01 category and there are 29 companies available in this subcategory.

Banks, on the other hand, are a much larger group, with 53,554 companies available under the 522110-02 category.

Commercial Banks NEC, which stands for "Not Elsewhere Classified", have 183 companies available under the 522110-03 category.

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If you're looking for a more specific type of commercial bank, such as one that issues Letters of Credit, you can find 9 companies under the 522110-04 category.

Alternatively, if you're interested in banks that have overseas representative offices, you can find 2 companies under the 522110-06 category.

Here is a summary of the different subcategories within the 8-digit NAICS Code for Commercial Banking:

  • 522110-01: Automated Teller Machines (29 companies)
  • 522110-02: Banks (53,554 companies)
  • 522110-03: Commercial Banks NEC (183 companies)
  • 522110-04: Letters Of Credit (9 companies)
  • 522110-05: State Commercial Banks (217 companies)
  • 522110-06: Banks/Overseas-Representative Offices (2 companies)

Industry Examples and Executives

Commercial banking is a diverse industry, and understanding its various types and executives can be helpful for those looking to connect with industry professionals or gain insights into the sector.

Banks, commercial, are a common type of example within NAICS Code 522110.

Branches of foreign banks also fall under this NAICS code.

Commercial banking encompasses a range of activities, including commercial banking, commercial banks, and depository trust companies.

National commercial banks and state commercial banks are also examples of industries within this NAICS code.

If you're looking to email executives in the commercial banking industry, you can target job titles such as Business Development, Chairman, C-Level, Director, and President.

Here's a list of some common job titles available to be targeted in the commercial banking industry:

  • Business Development
  • Chairman
  • C-Level
  • Director
  • Executive Director
  • Finance
  • Human Resource
  • IT
  • Manager
  • Marketing
  • Operations
  • Owner
  • Partner
  • President
  • Principal
  • Purchasing
  • Sales
  • Vice President

NAICS Code vs SIC Code

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NAICS codes and SIC codes are both used to classify businesses, but they serve different purposes and have different structures.

NAICS codes are used to classify businesses by industry, while SIC codes are used to classify businesses by type of business. A SIC code is assigned to a specific business, while a NAICS code is assigned to a broader industry category.

NAICS codes are more detailed and specific than SIC codes, with more than 1,900 categories compared to SIC's 1,000 categories. The NAICS code for National Commercial Banks is 522110.

SIC codes are still used for some purposes, such as tax classification and regulatory reporting. The SIC codes for National Commercial Banks are 6021 and 6022, and for Commercial Banks, Not Elsewhere Classified is 6029.

Here are some examples of NAICS codes for banks, along with their corresponding SIC codes:

  • NAICS 522110: SIC 6021 (National Commercial Banks)
  • NAICS 522110: SIC 6022 (State Commercial Banks)
  • NAICS 522110: SIC 6029 (Commercial Banks, Not Elsewhere Classified)
  • NAICS 522110: SIC 6081 (Branches and Agencies of Foreign Banks)

International

For those interested in international banking, there's a specific NAICS code to look for: 522110-06. This code corresponds to Banks/Overseas-Representative Offices, which is a niche but important area of commercial banking.

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The number of companies available under this code is relatively small, with only 2 companies listed. This is likely due to the specialized nature of overseas representative offices.

If you're looking to expand your banking operations globally, you may want to consider reaching out to these companies to learn more about their experiences and challenges.

Commercial Banking Companies and Contacts

There are 53,554 banks under the NAICS code 522110-02. This code is used for commercial banking.

You can find various types of commercial banking companies, including banks, commercial banks, and depository trust companies. These companies can be found under the NAICS code 522110.

Some examples of commercial banking companies include national commercial banks, state commercial banks, and branches of foreign banks. These companies can be found using the NAICS code 522110.

Here are some examples of commercial banking companies and contacts:

  • Banks, commercial (NAICS 522110)
  • Branches of foreign banks (NAICS 522110)
  • Commercial banking (NAICS 522110)
  • Commercial banks (NAICS 522110)
  • Depository trust companies (NAICS 522110)
  • National commercial banks (NAICS 522110)
  • State commercial banks (NAICS 522110)

Companies Database

The Companies Database is a valuable resource for anyone looking to research commercial banking companies. This database includes a list of major players in the industry.

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You can find companies like Chase Bank USA National Assn, Citibank National Association, and BB&T Corporation listed in the database. These companies are all part of the commercial banking industry.

The database also includes companies like Jpmorgan Chase & Co, Citigroup Inc, and Bank of America National Assn. These companies are also major players in the industry.

According to the database, the commercial banking industry includes companies that accept demand and other deposits and make commercial, industrial, and consumer loans. This is a key characteristic of the industry.

Here are some of the companies listed in the database:

  • Chase Bank USA National Assn
  • Citibank National Association
  • BB&T Corporation
  • BMO Financial Corp
  • Bank of America
  • BB&T Corp
  • Capital One Financial Corp
  • Bank of America Corporation
  • US Bank National Association
  • Jpmorgan Chase & Co
  • Citigroup Inc
  • Bank America National Assn
  • Synchrony Financial
  • American Express Company
  • Bank of New York Mellon Corp
  • Franklin Resources Inc
  • Cullen/Frost Bankers Inc

Industries and Contacts Mentioned Below

Commercial banking companies and their contacts are diverse and numerous. Here are some of the industries and contacts mentioned in the NAICS Code 522110.

The NAICS Code 522110 includes Commercial Banking, which is a crucial part of the financial services industry. This industry is responsible for providing various banking services to individuals and businesses.

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Some of the specific industries mentioned in the NAICS Code 522110 include Commercial Banking, Financial Services NAICS Code, and Branches Of Foreign Banks NAICS Code. These industries play a vital role in the economy by providing financial services and products.

Here are some of the key contacts mentioned in the NAICS Code 522110:

  • Commercial Banking Industry List
  • Commercial Banks NAICS Code
  • Depository Trust Companies Mailing Database
  • National Commercial Banks Companies List
  • State Commercial Banks Industries List

These contacts can be useful for businesses looking to connect with commercial banking companies and their contacts. By reaching out to these contacts, businesses can establish relationships and explore potential opportunities.

Customizing and Buying Industry Lists

You can customize and buy industry lists that cater to your specific needs. These lists can be tailored to include only the most relevant data, such as NAICS Code 522110 industries and contacts.

For instance, you can purchase a list of Commercial Banking industry contacts. This list can include companies like Chase Bank USA National Assn, Citibank National Association, and BB&T Corporation.

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If you're interested in a more comprehensive list, you can opt for a National Commercial Banks Companies List. This list can include companies like Bank of America, BB&T Corp, and Capital One Financial Corp.

When it comes to buying industry lists, it's essential to consider the level of segmentation you require. Some lists may be more general, while others may be highly specific, such as a list of Depository Trust Companies Mailing Database.

To give you a better idea, here are some examples of industry lists you can buy:

  • Commercial Banking Industry List
  • Commercial Banks NAICS Code
  • Depository Trust Companies Mailing Database
  • National Commercial Banks Companies List
  • State Commercial Banks Industries List

These lists can be a valuable resource for businesses looking to target specific industries or companies. By purchasing a customized industry list, you can ensure that your marketing efforts are more effective and targeted.

Frequently Asked Questions

What is the NAICS code 551111?

The NAICS code 551111 represents Offices of Bank Holding Companies, which are organizations that oversee and manage the operations of banks and other financial institutions. This code is used to classify businesses that provide administrative and financial services to banking companies.

What is NAICS code 522120?

NAICS code 522120 refers to savings institutions, including savings and loan associations and savings banks. This industry includes establishments that accept deposits and make various types of loans, excluding commercial banking.

Johnnie Parisian

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Here is a 100-word author bio for Johnnie Parisian: Johnnie Parisian is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for simplifying complex topics, Johnnie has established herself as a trusted voice in the world of personal finance. Her expertise spans a range of topics, including home equity loans and mortgage debt consolidation strategies.

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