Offices of Bank Holding Companies

📘 Source: U.S. Census Bureau — 2022 NAICS Manual

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.

NAICS code 551111 — Offices of Bank Holding Companies — is used in SAM.gov to identify businesses whose primary activity falls within this classification. When you add this code to your SAM.gov entity registration, contracting officers searching for vendors in the Management of Companies and Enterprises space will be able to find your business.

If this code represents your primary business activity, designate it as your primary NAICS code. Your primary NAICS code determines your size standard for any contract solicited under this code. With a size standard of $38.5M average annual receipts, your business must be at or below this threshold to qualify as a small business for set-aside contracts under NAICS 551111.

What is NAICS code 551111?

NAICS code 551111 is 'Offices of Bank Holding Companies', classified under the Management of Companies and Enterprises sector (NAICS 55). 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 o

What is the SBA small business size standard for NAICS code 551111?

The SBA defines a small business under NAICS code 551111 (Offices of Bank Holding Companies) as one with $38.5M average annual receipts. This size standard determines eligibility for small business set-aside contracts, 8(a), HUBZone, WOSB, and SDVOSB programs in SAM.gov.

How do I register NAICS code 551111 in SAM.gov?

To register NAICS code 551111 in SAM.gov: (1) Log in at sam.gov, (2) Navigate to your Entity Registration, (3) Go to the Assertions section, (4) Add 551111 (Offices of Bank Holding Companies) to your NAICS code list. You may designate one code as your Primary NAICS code.