Major Group SIC 6022 - State Commercial Banks

SIC 6022 - State 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 6022 - State 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 by one of the States or territories. Trust companies engaged in fiduciary business, but not regularly engaged in deposit banking, are classified in Industry 6091.

Industry trends:

As of the latest trends in NAICS 6022, State Commercial Banks are experiencing significant shifts driven by technology, regulatory changes, and evolving customer expectations. The accelerated adoption of digital banking platforms is a key trend, with state commercial banks investing heavily in fintech partnerships and digital transformation to offer seamless, customer-centric experiences. Mobile banking, AI-driven financial services, and cybersecurity measures are areas seeing substantial advancements.

Customer demand for personalized banking solutions is pushing state commercial banks to leverage big data and analytics to tailor services and products to individual needs. Additionally, there's a growing focus on sustainability and socially responsible banking, with institutions integrating ESG (Environmental, Social, and Governance) criteria into their operations and investment decisions.

Regulatory landscapes are also evolving, with increased scrutiny on data privacy and security, compelling banks to enhance compliance frameworks. The upcoming years are likely to witness a continued merge of traditional banking with innovative technologies, aiming at improving operational efficiency and customer engagement. Another forecast for the near future suggests a rise in the collaboration between state commercial banks and fintech companies to foster innovation and stay competitive in a rapidly changing financial ecosystem.

This industry is comprised of:

Commercial banks, State

Trust companies (accepting deposits) commercial: State

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

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