COMMERCIAL BANKING

COMMERCIAL BANKING (NAICS 522110) encompasses financial institutions primarily engaged in accepting deposits and making loans. Federal spending in this category totaled over $45.1 million in FY24. A notable aspect is the relatively contained vendor landscape, with only 11 distinct vendors securing 27 contracts from 13 agencies. This suggests a specialized federal procurement market, where a limited number of entities, such as Nelnet Servicing LLC and Pitchbook Data Inc, provide these essential financial services.

NAICS

522110

Contracts

174

Vendors

19

Agencies

23