NAICS 551111: Offices of Bank Holding Companies
This U.S. industry comprises legal entities known as bank holding companies primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold. Cross-References. Establishments primarily engaged in--Show more
NAICS 551111 – Offices of Bank Holding Companies encompasses entities that serve as parent organizations for one or more subsidiary banks or financial institutions, overseeing strategic direction, risk management, regulatory compliance, and corporate governance without directly engaging in commercial banking activities. In the government contracting landscape, these offices may provide advisory services related to financial systems modernization, treasury operations support, or regulatory alignment for federal financial institutions.
Industry Spending Overview
Federal obligations, top contractors and agencies, and related industry codes for NAICS 551111.
AI Industry Description
NAICS 551111 – Offices of Bank Holding Companies encompasses entities that serve as parent organizations for one or more subsidiary banks or financial institutions, overseeing strategic direction, risk management, regulatory compliance, and corporate governance without directly engaging in commercia...
NAICS 551111 – Offices of Bank Holding Companies encompasses entities that serve as parent organizations for one or more subsidiary banks or financial institutions, overseeing strategic direction, risk management, regulatory compliance, and corporate governance without directly engaging in commercial banking activities. In the government contracting landscape, these offices may provide advisory services related to financial systems modernization, treasury operations support, or regulatory alignment for federal financial institutions. Their role is largely administrative and oversight-oriented, distinguishing them from depository institutions that directly transact with the public. While not traditional contractors, their influence extends to federal financial infrastructure through partnerships with agencies managing public funds, financial reporting systems, or intergovernmental fiscal coordination. No contractor data is available for this NAICS code, indicating limited direct federal procurement activity. Entities classified under this code are typically large financial holding companies that operate behind the scenes in regulatory and structural capacities rather than as active bidders for federal contracts. No agency data is available, reflecting the absence of direct, sustained procurement by federal departments for services uniquely tied to bank holding company operations. Any engagement would likely be incidental, such as through financial advisory contracts awarded to parent entities in support of Treasury or Federal Reserve initiatives. The competitive landscape for this NAICS code is sparse in the federal marketplace, with minimal opportunity density for traditional contractors. Opportunities are concentrated in niche areas involving financial system interoperability, regulatory technology (RegTech), or public-private financial infrastructure support, but these are typically absorbed under broader financial services or IT modernization contracts. Contractors seeking entry should focus on subsidiaries or affiliated entities with direct banking functions, as the holding company structure itself rarely drives standalone federal procurement.
Competition
How many companies historically bid on federal awards in NAICS 551111, 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. · 44 reported awards
Median Bidders
1
Per reported award, all-time
Single-Bid Awards
82%
Share of reported awards with one bidder
10+ Bidder Awards
0%
Share of reported awards with 10+ bidders
Reported Awards
83% of 53 total awards
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 |
|---|---|---|---|---|---|
551111This Code Offices of Bank Holding Companies | Usually Single-Bid | 1 | 82% | 4483% of 53 | |
55111NAICS Industry | Usually Single-Bid | 1 | 82% | 24286% of 280 | |
5511Industry Group Management of Companies and Enterprises | Usually Single-Bid | 1 | 82% | 24286% of 280 | |
551Subsector | Usually Single-Bid | 1 | 82% | 24286% of 280 | |
55Sector Management of Companies and Enterprises | Usually Single-Bid | 1 | 82% | 24286% of 280 |
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 Offices of Bank Holding Companies, by shared sector, subsector, and industry group.
Offices of Other Holding Companies
This U.S. industry comprises legal entities known as holding companies (except bank holding) primari...Corporate, Subsidiary, and Regional Managing Offices
This U.S. industry comprises establishments (except government establishments) primarily engaged in ...Explore contracts across multiple NAICS codes Browse all NAICS Codes
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