522110 Commercial Banking

Official definition

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.

Source: US Census Bureau, 2022 NAICS descriptions.

When to use a different code

Census classifies these close-sounding activities somewhere else. Businesses mainly engaged in:

• Establishments primarily engaged in credit card banking are classified in Industry 522210, Credit Card Issuing.
• Establishments known as industrial banks and primarily engaged in accepting deposits are classified in Industry 522180, Savings Institutions and Other Depository Credit Intermediation.
• Establishments of depository institutions primarily engaged in trust activities are classified in U.S. Industry 523991, Trust, Fiduciary, and Custody Activities.

Source: US Census Bureau, 2022 NAICS cross-references.

Activities listed under 522110

The Census index assigns these 7 activities to this code. If your business matches one, this is your code.

• Banks, commercial
• Branches of foreign banks
• Commercial banking
• Commercial banks
• Depository trust companies
• National commercial banks
• State commercial banks

Source: US Census Bureau, 2022 NAICS index file.

SBA size standard for 522110

To count as a small business for SBA loans and federal contracts under NAICS 522110, your business (including affiliates) must not exceed $850 million in average annual receipts. Check your business.

SBA footnote 8: 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.

Source: SBA table of size standards, effective March 17, 2023.

Closest UK SIC 2007 codes

There is no official one-to-one link between NAICS and UK SIC. These codes share the same international class (ISIC Rev. 4: 6419), so treat them as a starting point and check the definition.

• 64191BanksUK SIC
• 64192Building societiesUK SIC

Built from Census concordances 2022→2017 NAICS and 2017 NAICS→ISIC Rev. 4.

Similar codes to compare

• 522130Credit Unions
• 522180Savings Institutions and Other Depository Credit Intermediation