Major Group SIC 6021 - National Commercial Banks

SIC 6021 - National Commercial Banks

SIC 60 - Depository Institutions
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 602 - Commercial Banks
  SIC 602 - Commercial Banks SIC 606 - Credit Unions SIC 609 - Functions Related To Depository Banking SIC 603 - Savings Institutions SIC 608 - Foreign Banking And Branches And Agencies Of SIC 601 - Central Reserve Depository Institutions
  - SIC 6021 - National Commercial Banks
    SIC 6021 - National Commercial Banks SIC 6022 - State Commercial Banks SIC 6029 - Commercial Banks, Not Elsewhere Classified

Commercial banks and trust companies (accepting deposits) chartered under the National Bank Act. Trust companies engaged in fiduciary business, but not regularly engaged in deposit banking, are classified in Industry 6091.

Industry trends:

The National Commercial Banks industry (NAICS 6021) is presently experiencing several qualitative trends driven by technological innovation, regulatory changes, and shifting consumer behaviors. One of the most prominent trends is the increasing adoption of digital banking services. Banks are investing heavily in enhancing their digital platforms, including mobile banking apps, online banking services, and fintech partnerships, to cater to the tech-savvy consumer base. This digital transformation is aimed at improving customer experience, ensuring seamless transactions, and reducing operational costs.

Another significant trend is the emphasis on personalized banking. With the aid of big data analytics and artificial intelligence, commercial banks are now able to offer more tailored financial products and services. This customization helps in better customer retention and acquisition by addressing the specific needs and preferences of individual clients.

In terms of regulatory environment changes, there is a heightened focus on cybersecurity and data privacy. Banking institutions are prioritizing investments in robust cybersecurity measures to protect customer information and comply with stringent regulations. This effort is crucial to maintain customer trust and avoid reputational damage.

Looking ahead, the industry is expected to witness continued growth in the adoption of blockchain technology and cryptocurrencies. While still in the early stages, these technologies have the potential to revolutionize payment systems, offering faster, more secure transactions. Furthermore, the increasing integration of environmental, social, and governance (ESG) criteria in banking operations will influence future investment and lending strategies, as stakeholders demand more sustainable and socially responsible banking practices.

In summary, the National Commercial Banks industry is poised for significant transformation driven by digitalization, personalization, regulatory compliance, and emerging technologies. These trends are expected to shape the competitive landscape and operational strategies of banks in the near future.

This industry is comprised of:

Commercial banks, National

Trust companies (accepting deposits) commercial: National

Explore related industries:

SIC 6153 - Short-term Business Credit Institutions, Except Agricultural SIC 6211 - Security Brokers, Dealers, And Flotation Companies SIC 6712 - Offices of Bank Holding Companies

Buy the detailed report

This report includes the ability to segment your Industry by:

Region
Employees
Net Sales

Company Age
Total Assets
Ownership Type

Download sample reports

With iCFO You Get

What Is iCFO?

A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.

Sound Business Analysis

Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.

Your Business’ Health In Minutes

It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.