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Are Banks Open on Veterans Day?

Posted: November 10th, 2010 in Holidays by LALATE

Are Banks Open on Veterans Day

LOS ANGELES (LALATE) – Are banks open on Veterans Day? Are banks open November 11, 2010 Veterans Day? No, almost all banks are closed on Veterans Day, a federal holiday.

Malls, mass transit, and grocery stores are open and generally not subject to shorter hours. But Veterans day is on the list of Federal Holidays for 2010. So all branches of the Federal Reserve and other federal offices are also closed. Post office branches are closed; no mail will be delivered.

Yet, in some cases, credit unions and even some lending institutions are open on Veterans Day. For example, Indiana University reports local branches of Chase and Northern Trust are closed, but nearbye branches of Monroe Bank are open.

Says the OPM:

“Federal law (5 U.S.C. 6103) establishes the following public holidays for Federal employees. Please note that most Federal employees work on a Monday through Friday schedule. For these employees, when a holiday falls on a nonworkday — Saturday or Sunday — the holiday usually is observed on Monday (if the holiday falls on Sunday) or Friday (if the holiday falls on Saturday).”

Holidays for 2010 are the following: Friday, January 1 New Year’s Day; Monday, January 18 Birthday of Martin Luther King, Jr.; Monday, February 15* Washington’s Birthday; Monday, May 31 Memorial Day; Monday, July 5** Independence Day; Monday, September 6 Labor Day; Monday, October 11 Columbus Day; Thursday, November 11 Veterans Day; Thursday, November 25 Thanksgiving Day; and Friday, December 24*** Christmas Day

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