NAICS 551111
Offices of Bank Holding Companies
Explore obligations, trends, recent awards, and incumbent contractors for NAICS 551111.
NAICS 551111 federal market metrics
- Total obligations
- $263.9K
- Total awards
- 27 awards
- Active obligations
- $0
- Size standard
- $38,500,000 receipts
What this NAICS covers
NAICS 551111 covers corporate offices that control and manage one or more commercial banking subsidiaries, providing executive direction, consolidated financial reporting, strategic oversight, and governance functions distinct from retail banking operations.
Federal opportunities under 551111 typically involve advisory or contractual engagements for corporate treasury services, consolidated financial reporting support, shareholder reporting, and structured oversight tasks tied to holding company governance and regulatory recordkeeping responsibilities.
FAQ
What work fits NAICS 551111?
- Consolidation and preparation of parent-level financial statements and management reports for a bank holding company.
- Management of intercompany treasury operations, parent-level liquidity sweeping, and dividend flow coordination among banking subsidiaries.
- Direction and coordination of acquisition or divestiture activities for bank subsidiaries, including parent-level due diligence and transaction governance.
- Preparation and maintenance of board packages, shareholder meeting materials, corporate secretary records, and holding company governance documentation.
When is NAICS 551111 a weak fit?
- Commercial bank branch operations: teller transactions, branch lending, and customer deposit services occur at retail bank branches rather than at holding company corporate offices.
- Nonbank financial activities: insurance underwriting or investment fund operations that lack a bank subsidiary structure and the holding company governance function.
- Third-party professional services: consultants, software vendors, or auditors providing support to banks without performing corporate control, governance, or parent-level financial management.
What solicitation language points to NAICS 551111?
- Contract deliverables require parent-level consolidated GAAP financial statements, board reporting packs, or auditor coordination at the holding company level.
- Statements of work request intercompany capital allocation plans, dividend schedules, or corporate treasury sweeping and account-structure design.
- Labor categories specify board-level or C-suite roles such as corporate secretary, chief financial officer support, or holding company general counsel for governance tasks.
Put this market knowledge to work
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