Government Commercial Banking Contracts
NAICS 522110 ยท Commercial Banking
Government commercial banking contracts totaled $615M across 131 awards from FY2024 to FY2026. In FY2026, obligations were up 221.9% from FY2025, and the Department of State was the largest buyer, with $343M (56% of the total). Virginia accounted for $428M (70% of the total) by place of performance.
Key figures
In FY2026, contract obligations were $330,553,345 across 64 awards with activity that year, a change of +221.9% from $102,680,582 in FY2025. From FY2024 to FY2026, obligations totaled $615,490,965 across 131 awards.
- Obligated in FY2026
- $331M
- Awards in FY2026
- 64
- Change vs FY2025
- +221.9%
- Total, FY2024 to FY2026
- $615M
Note: FY2026 ended on Sep 30, 2026. The Department of Defense publishes contract data with a 90-day delay, so FY2026 totals may still rise as late reports arrive.
Commercial Banking contract spending by year
Federal commercial banking contracts per fiscal year (October to September), under NAICS 522110. The table below lists the same numbers.
| Fiscal year | Obligated | Awards | Change |
|---|---|---|---|
| FY2026 | $330,553,345 | 64 | +221.9% |
| FY2025 | $102,680,582 | 87 | -43.7% |
| FY2024 | $182,257,038 | 103 | n/a |
About government commercial banking contracts
Federal spending on commercial banking contracts rose 81% from FY2024 ($182M) to FY2026 ($331M). FY2026 closed recently, and Defense Department contracts are reported up to 90 days late, so its total may still rise.
Spending is highly concentrated: the top 3 contractors account for 76% of the total. A few large firms win most of this work, so subcontracting can be the easiest way in.
The Department of State spends the most on commercial banking contracts (56%), followed by the General Services Administration. The states with the most of this work are Virginia, District of Columbia and Pennsylvania.
NAICS 522110 (Commercial Banking) is part of the Finance and Insurance sector.
Top commercial banking government contractors
Companies ranked by contract dollars under NAICS 522110 (Commercial Banking).
| # | Contractor | Obligated | Share |
|---|---|---|---|
| 1 | Citibank, N.a. | $184,394,322 | 30.0% |
| 2 | Citibank, National Association | $157,842,768 | 25.6% |
| 3 | Bank of New York Mellon (The) | $123,830,392 | 20.1% |
| 4 | Maximus Federal Services, Inc. | $87,316,360 | 14.2% |
| 5 | Educational Computer Systems, Inc. | $32,828,049 | 5.3% |
| 6 | Navy Federal Credit Union | $21,860,229 | 3.6% |
| 7 | U.S. Bank National Association | $6,273,220 | 1.0% |
| 8 | U.S. Bancorp | $1,192,869 | 0.2% |
| 9 | Umb Bank, N.a. | $750,000 | 0.1% |
| 10 | Fti Consulting, Inc. | $149,590 | <0.1% |
Agencies buying commercial banking services
Federal agencies ranked by contract dollars under NAICS 522110.
| # | Agency | Obligated | Share |
|---|---|---|---|
| 1 | Department of State | $342,965,264 | 55.7% |
| 2 | General Services Administration | $123,830,392 | 20.1% |
| 3 | Department of Education | $120,196,409 | 19.5% |
| 4 | Department of Defense | $21,820,482 | 3.5% |
| 5 | Department of Veterans Affairs | $2,623,295 | 0.4% |
| 6 | Department of Health and Human Services | $2,176,705 | 0.4% |
| 7 | Department of the Treasury | $830,000 | 0.1% |
| 8 | Export-Import Bank of the United States | $750,000 | 0.1% |
| 9 | Department of Energy | $356,587 | <0.1% |
| 10 | Consumer Product Safety Commission | $240,000 | <0.1% |
Where commercial banking contract work is performed
States ranked by contract dollars, using the place of performance on each award.
| # | State | Obligated | Share |
|---|---|---|---|
| 1 | Virginia | $428,356,982 | 69.6% |
| 2 | District of Columbia | $123,948,615 | 20.1% |
| 3 | Pennsylvania | $32,828,049 | 5.3% |
| 4 | Texas | $21,488,173 | 3.5% |
| 5 | Minnesota | $7,417,217 | 1.2% |
| 6 | Maryland | $2,538,880 | 0.4% |
| 7 | Missouri | $759,885 | 0.1% |
| 8 | California | $109,554 | <0.1% |
| 9 | Kansas | $41,694 | <0.1% |
| 10 | New Mexico | $25,000 | <0.1% |
Recent commercial banking contract awards
The latest commercial banking contracts, newest first. Each award ID links to its record on USAspending.gov.
| Start date | Recipient | Agency and description | Amount | Record |
|---|---|---|---|---|
| Jul 17, 2026 | Principal Bank | Securities and Exchange CommissionSUPPLEMENTAL RETIREMENT PROGRAM PRINCIPAL | $500 | 50310226F0068 |
| Jul 8, 2026 | Industrial Bank | District of Columbia CourtsCONTRACT NO. DCSC-25-SAS-116 (REPAIR & SUPPORT SERVICES FOR COURTWIDE PUBLIC USE AUTOMATED TELLER MACHINE). EXERCISE OF OPTION YEAR 1 BEGINNING SEPTEMBER 30, 2026, THROUGH SEPTEMBER 29, 2027. OPTION Y | $10,990 | 95C67826P0279 |
| Jun 29, 2026 | Miscellaneous Foreign Awardees | Department of StateFMC-MISSION NCBA TELLER SERVICES (2026/2027) | $18,000 | 19KE5026P1042 |
| Apr 9, 2026 | Freestar Financial Credit Union | Department of DefenseBANKING CHANGE ORDER/DELIVERY SERVICES - THE CONTRACTOR SHALL PROVIDE SERVICES NECESSARY TO PROVIDE CHANGE ORDER SERVICES AS REQUIRED FOR THE SELFRIDGE COMMISSARY ACCORDING TO THE STATEMENT OF WORK | $16,884 | HQC00526CE008 |
| Apr 1, 2026 | Citibank, N.a. | General Services AdministrationDESCR N.A. | $0 | 47QRAC26F0002 |
| Mar 25, 2026 | U.S. Bank National Association | Department of EnergyTHIRD PARTY PAYMENT SYSTEM (TTPS) SERVICES WITH USBANK FOR JMC SHIPPING OF AMMO AND EXPLOSIVES. | $354,966 | 89233126FNA400772 |
| Feb 12, 2026 | U.S. Bank National Association | Department of Veterans AffairsTHE CONTRACTOR SHALL PROVIDE THE DEPARTMENT OF VETERANS AFFAIRS (VA) AND ITS TRANSPORTATION SERVICE PROVIDERS (TSPS) FULLY AUTOMATED, WEB-BASED TRANSPORTATION PAYMENT AND ACCOUNTING SERVICES. | $0 | 36C10B26F0060 |
| Jan 29, 2026 | U.S. Bank National Association | Department of Health and Human ServicesTRANSPORTATION SERVICES | $850,000 | 7571MN26F80002 |
| Jan 9, 2026 | U.S. Bank National Association | Department of Homeland SecurityFEDERAL EMERGENCY MANAGEMENT AGENCY REQUIRES NO COST TASK ORDER FOR THIRD PARTY PAYMENT SYSTEM SERVICES | $500 | 70FB7026F00000016 |
| Dec 23, 2025 | U.S. Bank National Association | Department of Veterans AffairsTHIRD PARTY PAYMENT SERVICES | $2,500,000 | 36C78626F0003 |
| Nov 30, 2025 | Citibank, N.a. | General Services AdministrationDESCR N.A. | $0 | 47QRAC26F0001 |
| Oct 31, 2025 | Armed Forces Bank, National Association | Department of DefenseDECA HQ BANKING SERVICES - GENERAL ACCOUNT FOR CHANGE ORDER SERVICES | $31,563 | HQC00526CE002 |
| Sep 30, 2025 | Industrial Bank | District of Columbia CourtsCONTRACT NO. DCSC-25-SAS-116 - BASE YEAR MAINTENANCE, REPAIR & SUPPORT SERVICES FOR COURTWIDE PUBLIC USE AUTOMATED TELLER MACHINE (ATM). | $10,990 | 95C67825P0411 |
| Sep 26, 2025 | Citibank, National Association | Department of StateAPPLICATION PROCESSING SOLUTION (APS) | $342,872,541 | 19AQMM25C0149 |
| Jul 31, 2025 | Educational Computer Systems, Inc. | Department of EducationTITLE IV AID SERVICING (PERKINS)BRIDGE CONTRACT. SUPPORT FOR THE LOAN PORTFOLIO, COMPRISED OF SCHOOL-SERVICED AND FEDERALLY-SERVICED BORROWERS. CONTINUOUS AND RECURRING SERVICES SUPPORT PROGRAMS UNDER | $8,921,640 | 91003125C0020 |
| Jul 22, 2025 | Principal Bank | Securities and Exchange CommissionSUPPLEMENTAL RETIREMENT PLAN | $500 | 50310225F0073 |
| May 29, 2025 | Citibank, N.a. | Department of JusticeTITLE: 25-S-130/NATIONAL CAPITAL FLAG/FLAGS & SEALS/EPIC REQUESTOR: MAYELA S ENCINAS DELIVERY DATE: 06/16/2025 | $0 | 15DDNE25P00000032 |
| May 13, 2025 | U.S. Bancorp | Department of EducationTHIS PURCHASE ORDER IS USED SOLELY AS A FINANCIAL INSTRUMENT TO OBLIGATE GOVERNMENT PURCHASE CARD (GPC) TRANSACTIONS WHERE THE OBLIGATIONS HAD NOT TAKEN PLACE. | $52,000 | 91990025P0022 |
| Mar 21, 2025 | Miscellaneous Foreign Awardees | Department of DefenseAUTOMATED TELLER MACHINE SERVICES | $4,051 | N6264925PM006 |
| Dec 31, 2024 | Citibank, National Association | Department of Health and Human ServicesTHE PURPOSE OF THIS CONTRACT IS TO PROVIDE PAYMENT SERVICES FOR CMS IN THE FOLLOWING TWO ARENAS: 1) TO DISBURSE MEDICARE PAYMENTS AUTHORIZED BY THE MACS, AND 2) TO DISBURSE PAYMENT FOR CMS DEMONSTRATI | $958,552 | 75FCMC25C0002 |
| Dec 31, 2024 | U.S. Bank National Association | Department of Homeland SecurityFEMA REQUIRES NO COST TASK ORDER FOR THIRD PARTY PAYMENT SYSTEM (TPPS)SERVICES | $0 | 70FB7025F00000038 |
| Dec 30, 2024 | U.S. Bancorp | Department of Health and Human ServicesTHE PURPOSE OF THIS CONTRACT IS TO PROVIDE PAYMENT SERVICES FOR CMS IN THE FOLLOWING TWO ARENAS: 1) TO DISBURSE MEDICARE PAYMENTS AUTHORIZED BY THE MACS, AND 2) TO DISBURSE PAYMENT FOR CMS DEMONSTRATI | $1,360,678 | 75FCMC25C0001 |
| Dec 17, 2024 | U.S. Bancorp | Department of DefenseBANKING SERVICES | $109,554 | HQC00525C0016 |
| Dec 12, 2024 | U.S. Bank National Association | Department of StateDEPARTMENT OF STATE- U.S. BANK THIRD PARTY PAYMENT SYSTEM SERVICES TASK ORDER. | $0 | 19AQMM25F0071 |
| Nov 1, 2024 | Wex Bank | Department of JusticeTITLE: WEX FLEET CARDS GROUP 5- SEPTEMBER AND OCTOBER REQUESTOR: PATRICK S BROWNE POP DATES: 09/01/2024 TO 10/31/2024 | $1,837 | 15DDDT25P00000004 |
Open commercial banking government bids
No open commercial banking bids right now. Check the open bids page, which is updated daily from SAM.gov.
How to win government commercial banking contracts
Federal commercial banking contracts are posted on SAM.gov under NAICS 522110. Register your business free on SAM.gov with this code, watch for commercial banking bids, and look for small business set-asides: many commercial banking contracts for small business are reserved for small firms.
Explore government commercial banking contracts by state, agency and contractor
- Department of State contracts
- General Services Administration contracts
- Department of Education contracts
- Department of Defense contracts
- Department of Veterans Affairs contracts
- Government contracts in Virginia
- Government contracts in District of Columbia
- Government contracts in Pennsylvania
- Government contracts in Texas
- Government contracts in Minnesota
- Maximus Federal Services government contracts
Frequently asked questions
- What NAICS code is used for government commercial banking contracts?
- Federal commercial banking contracts use NAICS 522110 (Commercial Banking). List this code in your free SAM.gov registration to be found for these contracts.
- Who are the largest commercial banking government contractors?
- By contract dollars under NAICS 522110 from FY2024 to FY2026, the largest were Citibank, N.a. ($184M), Citibank, National Association ($158M) and Bank of New York Mellon (The) ($124M).
- Which agencies buy the most commercial banking?
- From FY2024 to FY2026, the biggest buyers were the Department of State ($343M), the General Services Administration ($124M) and the Department of Education ($120M).
- Where are government commercial banking contracts performed?
- By contract dollars, the most federal commercial banking work is performed in Virginia ($428M), District of Columbia ($124M) and Pennsylvania ($32.8M).
- Is federal spending on commercial banking contracts growing?
- Federal commercial banking contract obligations rose 81% from FY2024 ($182M) to FY2026 ($331M). FY2026 closed recently, and Defense Department contracts are reported up to 90 days late, so its total may still rise.
- Do I qualify as a small business for commercial banking contracts?
- It depends on the SBA size standard for NAICS 522110, which is set either by average annual revenue or by number of employees. Check the current table of size standards on sba.gov before you bid on small business set-asides.
- What do I need to bid on government commercial banking contracts?
- An active SAM.gov registration (free) with NAICS 522110 listed, the licenses and insurance your state requires for commercial banking work, and examples of similar past work. Some solicitations also ask for specific certifications or security clearances.