NAICS 522110: Commercial Banking
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. Cross-References.Show more
NAICS 522110 – Commercial Banking encompasses financial services provided by institutions that accept deposits, extend loans, manage payment systems, and offer other core banking functions to businesses and individuals. In the government contracting context, this sector supports federal operations through treasury services, payroll processing, electronic funds transfers, escrow management, and secure financial infrastructure for agency transactions.
Industry Spending Overview
Federal obligations, top contractors and agencies, and related industry codes for NAICS 522110.
AI Industry Description
NAICS 522110 – Commercial Banking encompasses financial services provided by institutions that accept deposits, extend loans, manage payment systems, and offer other core banking functions to businesses and individuals. In the government contracting context, this sector supports federal operations t...
NAICS 522110 – Commercial Banking encompasses financial services provided by institutions that accept deposits, extend loans, manage payment systems, and offer other core banking functions to businesses and individuals. In the government contracting context, this sector supports federal operations through treasury services, payroll processing, electronic funds transfers, escrow management, and secure financial infrastructure for agency transactions. Commercial banks may also provide specialized services such as fiduciary administration for trust accounts, cash management for federal grants, and compliance with federal financial regulations like the Bank Secrecy Act and Anti-Money Laundering requirements. While not typically a direct procurement category for equipment or software, commercial banking services are critical enablers of federal financial operations, often contracted through interagency agreements or as part of broader financial services frameworks. No contractor data is available for this NAICS code based on current government contracting records, indicating limited direct procurement activity or that services are delivered through indirect channels such as Treasury or GSA schedules rather than standalone contracts. No agency data is available for this NAICS code, suggesting that while commercial banking services are essential to federal financial operations, they are typically procured through centralized financial management systems or as embedded services rather than through discrete contract awards. The competitive landscape is dominated by large national and regional banks with established federal compliance frameworks, though small businesses with niche expertise in government financial systems may find opportunities in supporting specialized agency needs. Market opportunity density is low for direct contracting but high for indirect engagement through financial service partnerships, particularly where agencies require secure, scalable, and auditable banking infrastructure. Contractors should focus on alignment with federal financial standards and integration with existing Treasury systems to access this embedded market.
Small Business Size Standard
The SBA threshold that decides who can bid NAICS 522110 work as a small business.
The SBA cap for this NAICS (13 CFR 121.201). A business at or under it can self-certify as small for work in this code, which is what makes it eligible for a small-business set-aside. The cap is set per NAICS, so the same company can be small in one code and not in another.
13 CFR 121.201, effective January 1, 2026. The SBA revises the table roughly once a year.
Top Contractors
Companies with the highest total award value under NAICS 522110, ranked by dollars won.
| Company | Total Awards | Contracts |
|---|---|---|
| CITIBANK, NATIONAL ASSOCIATION | $342.9M | 1 |
| CITIBANK, N.A. | $50.0M | 3 |
| U.S. BANK NATIONAL ASSOCIATION | $3.7M | 5 |
| ARMED FORCES BANK, NATIONAL ASSOCIATION | $32K | 1 |
| FREESTAR FINANCIAL CREDIT UNION | $17K | 1 |
| INDUSTRIAL BANK | $11K | 1 |
| PRINCIPAL BANK | $500 | 1 |
| MISCELLANEOUS FOREIGN AWARDEES | $0 | 1 |
Top Agencies
Federal agencies directing the most contract spending toward NAICS 522110.
Competition
How many companies historically bid on federal awards in NAICS 522110, from bidder counts reported on USAspending.
Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 1,132 reported awards
Median Bidders
1
Per reported award, all-time
Single-Bid Awards
81%
Share of reported awards with one bidder
10+ Bidder Awards
1%
Share of reported awards with 10+ bidders
Reported Awards
1,132
74% of 1,521 total awards
Share of reported awards in each bidder-count bracket per federal fiscal year.
How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.
| Industry Family | Competition | Median Bidders | Single-Bid | Bidder Mix | Reported Awards |
|---|---|---|---|---|---|
522110This Code Commercial Banking | Usually Single-Bid | 1 | 81% | 1,13274% of 1,521 | |
52211NAICS Industry | Usually Single-Bid | 1 | 81% | 1,13274% of 1,521 | |
5221Industry Group Depository Credit Intermediation | Usually Single-Bid | 1 | 80% | 3,17384% of 3,796 | |
522Subsector | Usually Single-Bid | 1 | 72% | 7,95185% of 9,388 | |
52Sector Finance and Insurance | Usually Single-Bid | 1 | 71% | 55,86385% of 65,585 |
Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.
Related NAICS Codes
Industries similar to Commercial Banking, by shared sector, subsector, and industry group.
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