551111 Offices of Bank Holding Companies

Official definition

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.

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:

• Holding the securities of (or other equity interests in) a company or enterprise and administering, overseeing, and managing establishments of the company or enterprise whose securities they hold are classified in U.S. Industry 551114, Corporate, Subsidiary, and Regional Managing Offices.
• Holding the securities of depository banks and operating these entities are classified in Industry Group 5221, Depository Credit Intermediation.

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

Activities listed under 551111

The Census index assigns these 3 activities to this code. If your business matches one, this is your code.

• Bank holding companies (except managing)
• Holding companies, bank (except managing)
• Offices of bank holding companies

Source: US Census Bureau, 2022 NAICS index file.

SBA size standard for 551111

To count as a small business for SBA loans and federal contracts under NAICS 551111, your business (including affiliates) must not exceed $38.5 million in average annual receipts. Check your business.

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: 6420), so treat them as a starting point and check the definition.

• 64201Activities of agricultural holding companiesUK SIC
• 64202Activities of production holding companiesUK SIC
• 64203Activities of construction holding companiesUK SIC
• 64204Activities of distribution holding companiesUK SIC
• 64205Activities of financial services holding companiesUK SIC
• 64209Activities of other holding companies n.e.c.UK SIC

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

Similar codes to compare

• 551112Offices of Other Holding Companies
• 551114Corporate, Subsidiary, and Regional Managing Offices