Patriots' Day is a state holiday recognized in a few U.S. states, but it is not a federal holiday. Consequently, it is not a nationwide bank holiday. The observance and any associated closures of financial institutions are limited to the specific jurisdictions that have officially designated it as a public holiday.
The key distinction lies between federal and state-level holidays. Federal holidays are established by U.S. Congress, and on these days, federal institutions, including the Federal Reserve System, are closed. Most commercial banks follow the Federal Reserve's holiday schedule. Since Patriots' Day, observed on the third Monday of April, is not on the federal list, the Federal Reserve remains open. It is an official holiday in Massachusetts, Maine, and Wisconsin. In these states, state-chartered banks may close, along with state government offices and public schools. However, federally chartered banks within these states are not required to close and may operate on a normal schedule.
In practice, individuals residing outside of the observing states will find it to be a regular business day for all banking and government services. For residents of Massachusetts, Maine, and Wisconsin, it is advisable to verify the operating status of their specific bank branch, as closure policies can differ between institutions. Federal services, such as the U.S. Postal Service, operate normally nationwide as they adhere to the federal holiday calendar.
