NAICS 522110: Commercial Banking
Commercial Banking is NAICS code 522110. A business is small under it with $850 million in assets or less. 1 federal contract is open on SAM.gov under this code right now.
- SBA size standard
- $850 million in assets or less
- Open contracts now
- 1
- Federal spending, FY2025
- $102.7 million
- Share won by small businesses
- 0%
- Small businesses registered
- 201
Open federal contracts for commercial banking
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What NAICS 522110 covers
The Census Bureau's NAICS index lists these kinds of work under 522110:
- Banks, commercial
- Branches of foreign banks
- Commercial banks
- Depository trust companies
- National commercial banks
- State commercial banks
Read the full definition, including what's excluded, on census.gov.
SBA size standard for 522110
To count as a small business for a contract assigned NAICS 522110, your business must have $850 million in assets or less.
SBA note: NAICS Codes 522110, 522130, 522180, and 522210 – A financial institution's assets are determined by averaging the assets reported on its four quarterly financial statements for the preceding year. "Assets" means the assets defined according to the Federal Financial Institutions Examination Council 041 call report form for NAICS Codes 522110, 522180, and 522210 and the National Credit Union Administration 5300 call report form for NAICS code 522130.
From SBA's table of size standards, effective Mar 17, 2023. Confirm it with SBA's size standards tool before you certify your size.
Who buys commercial banking
Agencies that awarded the most under NAICS 522110 over the last three fiscal years, per USAspending.gov:
| Agency | Obligated |
|---|---|
| Department of State | $343 million |
| Federal Acquisition Service | $123.8 million |
| Department of Education | $120.2 million |
| Defense Finance and Accounting Service | $21.5 million |
| Department of Veterans Affairs | $2.6 million |
| Office of the Assistant Secretary for Administration | $1.4 million |
| Office of the Assistant Secretary for Financial Resources | $850,000 |
| Bureau of Engraving and Printing | $830,000 |
Open notices right now come from General Services Administration (1).
Set-asides on open 522110 contracts
- No set-aside (full and open): 1
Not sure which set-asides you qualify for? Try the free SBA certification screener, or read set-aside contracts, explained.
Your competition
201 businesses with active SAM.gov registrations are rated small under NAICS 522110, most of them in Minnesota (18), Texas (12), Florida (10), Missouri (10) and Georgia (9). Look any of them up with the free CAGE code and UEI lookup.
Federal spending under 522110 by year
| Fiscal year | Contract obligations |
|---|---|
| FY2024 | $182.3 million |
| FY2025 | $102.7 million |
| FY2026 | $330.6 million |
| FY2027 (so far) | $0 |
Source: USAspending.gov, all contract awards with this NAICS code. Fiscal years start October 1.
Related NAICS codes
Frequently asked questions
What is NAICS code 522110?
522110 is the 2022 NAICS code for Commercial Banking. The Census Bureau's index lists work such as banks, commercial, branches of foreign banks, commercial banks under it. Federal contracting uses the 2022 codes.
What is the SBA size standard for NAICS 522110?
$850 million in assets or less. A business at or under that is small for contracts assigned this code. The current SBA table took effect Mar 17, 2023.
Are there government contracts for commercial banking?
Yes. 1 federal contract opportunities under NAICS 522110 are open on SAM.gov right now. Agencies obligated about $102.7 million under this code in fiscal year 2025, according to USAspending.gov.
How do I add NAICS code 522110 to my SAM.gov registration?
Update your entity registration on SAM.gov and add the code on the Goods and Services page, in the Assertions section. You can list several NAICS codes and mark one as your primary. Changes are free.
Keep going
- Search other NAICS codes by keyword or company
- How to choose NAICS codes for government contracts
- NAICS codes with the most open federal contracts
FedReady is an independent company, not affiliated with SBA, SAM.gov, the Census Bureau or any government agency. Open-contract counts come from SAM.gov and update daily; spending figures come from USAspending.gov.