Industry Description
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.
Business Examples
Common types of business activities within US SIC 6022 - State Commercial Banks are:
- Commercial banks, State
- Trust companies (accepting deposits) commercial: State
IBISWorld Industry Research Report
Commercial Banking in the US (52211)
Revenue 2025
$1571.4bn
Growth 2025
2.12%
Key Trends
Commercial Banks are expected to benefit from the increased rates
Lingering supply chain issues and global energy crisis have created historically high inflation
The FED has indicated it will pursue higher interest rates going forward
Products and Services
US-SIC Hierarchy 6022 - State Commercial Banks
US-SIC Code 6022 - State Commercial Banks sits in the 2-digit State Commercial Banks sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6022 - State Commercial Banks
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6022 - State Commercial Banks. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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602201 State commercial banks
8 Digit SIC Codes
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60220000 State commercial banks
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60229900 State commercial banks, nec
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60229901 State trust companies accepting deposits, commercial
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US SIC Code Directory
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