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The Bank of Baltimore was a bank based in Baltimore, Maryland, that was chartered in 1795 and failed during the Panic of 1857. It was the seventh American bank to begin business in the United States and the second bank in Maryland.^[1]

History[edit]

Charter[edit]

The Bank of Baltimore was chartered on Christmas Eve, December 24, 1795, with $1,200,000 capital in the city of Baltimore, Maryland. The bank was the seventh American bank to begin business in the United States and the second bank in Baltimore, and in Maryland.^[1] The Charter provided that subscriptions would be opened the first Monday of the following June 1796 for 1,240 shares under the superintendence of the leading business men and civic leaders of Baltimore, including:

Subscriptions for stock were also received from other parts of the state. On October 14, 1796, the bank's share-holding members elected directors:

Smith, Hollingsworth, Winchester and Etting were authorized to receive proposals for offices or a house or securing a lot on which to erect a bank building.

1790s[edit]

During the years 1790 to 1800 the Bank of Maryland, first financial institution in the newly emergent Town and City of Baltimore (town incorporated as a city, 1796–1797) and the state of Maryland and was in need of increased capital to meet demand. The Bank unsuccessfully attempted to double its capital in 1795. As a substitute, the B. of M. proposed to the General Assembly of Maryland, (the Maryland State Legislature) to grant a charter to establish another bank which might later consolidate with the Bank of Maryland, upon consent of both parties. this clause was later stricken and so this "Bank of Baltimore" was chartered as an entirely separate institution, receiving its charter in 1795. However, the Bank of Maryland might later become a holder of the Bank of Baltimore stock.^[2]

The charter of this bank was for 20 years and the state reserved the right to subscribe for 6000 shares at $300 each, and appoint two of seventeen directors annually. The first president of the bank was George Salman, elected in 1796 and served until 1807. Additional presidents during the B. of B.'s first century were as follows: William Wilson, 1807 and succeeded in 1824 by Brig. Gen. John Stricker (of 1814's Battles of North Point and Baltimore fame in the War of 1812) until his death June 23, 1825, and William Lorman was elected in his place. Mr. Lorman was succeeded by Joseph H. McCulloh in 1841 who was followed in December 1853 by C.C. Jamison, the former chief cashier, who died a decade later Sept. 9, 1863. On Oct. 1, 1863, Gen. Henry A. Thompson was elected as the seventh president, serving until his death on March 12, 1880. He in turn was followed by Christian Devries.

Cashiers[edit]

The bank had only four chief cashiers during its existence:

• James Cox, served 1796-1841
• C.C. Jamison, 1841-1853
• Patrick Gibson, 1853-1868
• J. Thomas Smith, 1868-1881

Location[edit]

The bank was in one location for its place of business from its organization to its first century, but the building of that time was not completed until 1856–1857.

Reorganization[edit]

The institution was reorganized as the "National Bank of Baltimore" in July 1865. During its first century, it had not missed any payments of dividends or made any reduction in the amount of its capital. However, in November 1864, along with several other city banks, it suffered from a gang of forgers and in December later that year a temporary loss of $23,000 from a falsification by one of its clerks, however later made good. On September 17, 1878, $27,850 in bonds and $35,000 in cash were stolen from the vaults in broad daylight.

The capital stock of the bank in 1880 was $1,210,700 and its surplus fund was $365,000.^[3]

The capital of the bank was fixed by the General Assembly of Maryland, the state legislature at $1,200,000, though the petitioners wanted the limit placed at $3,000,000, with provision for increasing it ultimately to $9,000,000, as growth demanded.^[2]

In 1795, the two banks ("Maryland" and "Baltimore") had an aggregate capital of $1,500,000 which was actively employed in the city of Baltimore whose export in trade was valued at more than $9,000,000 and which was rapidly growing in the area of manufacturing. Maryland's total exports for 1799 were $16,300,000.^[2]

In 1802, the third President of the United States, Thomas Jefferson from 1801 until 1809, wrote to his Secretary of the Treasury, Albert Gallatin expressing concerns that the Government was granting too many demands to the First Bank of the United States political lobby. This concerned President Jefferson because this would grant the United States Bank the ability to "shallow up the other" smaller banks such at the Bank of Baltimore whose stock was owned by U.S. citizens and create a monopoly over the entire beginning American banking industry that would be controlled by foreign powers since the majority of stock of the United States Bank was held by citizens and subjects of other countries. Jefferson was concerned that this situation would cause problems for the United States in the even of future conflict with a foreign power and as such he supported the Bank of Baltimore's application for a deposit of government funds.^[4]

Both the Bank of Maryland contributed to the infamous "Baltimore bank riot" in August 1835, after the bank encountered financial problems the year before in 1834. Along with a series of other civil strife in the crowded and dirty city which spread to several other city financial and public institutions with extensive downtown fights, burnings and civil unrest, along with mobs of disgruntled citizens torching of several prominent citizens' and civic leaders' townhouses such as Reverdy Johnson, William Glenn, and mansions, predating the worse and far deeper and longer of the first major national financial recession of the so-called "Panic of 1837" two years later which marred the reputation and the end of the Andrew Jackson presidential administration and his unregulated free-wheeling financial policies.

Bank failure[edit]

The Bank of Baltimore failed during the financial recession known as the "Panic of 1857".^[5]

Other banks[edit]

An additional financial institution of a similar name entitled the "Savings Bank of Baltimore" was chartered in 1818 with a general meeting held on "New Year's Day", January 1, 1818, at Gadsly's Hotel (or Gadsby's?) with the Right Rev. James Kemp presiding, the Bishop of the Episcopal Diocese of Maryland with Isaac Burneston as secretary. After examing the plans and situations of several similar other thrift institutions in other cities, it was resolved that it was expedient to establish a Savings or Provident Bank in Baltimore. David Winchester, Henry Brice and Charles G. Appleton were accordingly appointed a committee to draft a constitution which was later reported on and adopted at the following meeting on January 15, when the same committee and the addition of Abner Neal and Isaac McPherson were authorized to call upon the citizens of Baltimore with appropriate publicity to become members of the association. An election was then held on February 2, 1818, at the Gadsby's Hotel (near the wharves) and the following were elected as directors for the following twelve months:

On March 16, 1818, the bank opened for the reception of deposits at No. 100 Market Street (now Baltimore Street). The first report of January 15, 1819 reported that: Deposits $15,957.00 (138 depositers) Withdrawals $3,308.44 (41 depositers) Leaving to the credit of depositers: $12,648.62 Interest that has accrued: $342.37 Disbursements: Interest paid depositers: $89.82 Amount paid for stationery: $74.92 Salary paid for secretary (1 year): $150.00 Sub-total, disbursements: $314.74, Interest in U.S. Bonds, at 6%: $6,000 Amount placed in local bank with interest at 6%: $6,676.25 TOTAL disbursements: $12,990.99.

The Bank was further chartered by the State on January 30, 1819. In March 1819, the list and occupations of depositers were as follows:

Which totaled 157 depositers.

In 1834, the Bank was situated in the basement level of the landmark Merchants' Exchange (designed by famous architect Benjamin Henry Latrobe, built 1815–1820), with the entrance at South Gay Street, between Water and East Lombard Streets. In 1846, the dwelling of Col. Thomas Tenant at the northwest corner of South Gay and Second Streets was purchased for $10,000 and the S.B. of B. moved there in September.

At one time the Bank was only open one day out of the week and its business conducted by the directors in person who were divided into committees and performed a large portion of the clerical labor.

Comparing the financial statistics in 1880 below with those of the first year of 1818–1819, above: Amount of funds, Dec. 31, 1879: $13,667,002.01 Received from depositers in 1880: $2,647,222.03 Interest on loans, dividends on stocks, etc. in 1880: $796,695.43 Less premiums paid on stocks purchased: ($176,771.50) Total funds: $16,934,148.87. Amount paid depositers during 1880, including principal and interest: $2,185,965.64 Amount paid to expenses: $30,894.50 Amount paid to taxes: $20,730.88 Total Expenses: $2,237,591.02 TOTAL amount of funds on hand, Dec. 31, 1880: $14,696,557.85.

Eventually the Savings Bank of Baltimore grew with both the small and large savings of many of the city's citizens, rich and poor, great and minor. In 1907 after the Great Baltimore Fire of February 1904, which devastated the downtown business district, the Bank built a "Temple of Thrift", a beautiful landmark Greco-Roman pillared marble headquarters building at the geographic center of the city at the southeast corner of South Charles Street and East Baltimore Street. In the 1980s, the S.B.B. expanded its offices into a narrow office building to its east and re-cladding the front façade to resemble the older Classical style of its 1907 headquarters.

Later years[edit]

Later by the 1990s, it relocated its headquarters two blocks further east to a new skyscraper at the northwest corner of East Baltimore Street and North Calvert Street (on the former site of the famous artist Rembrandt Peale's second site for his "Baltimore Museum and Gallery of Fine Arts" of the 1830s, later operated by the infamous P.T. Barnum, and later the 1884 Baltimore and Ohio Railroad Central Headquarters building [perished in the Great Fire of 1904], replaced by the also landmark Emerson Hotel, constructed by Capt. Isaac Edward Emerson of the Emerson Drug Company and "Bromo-Seltzer" fame) and next to the also newly constructed Union Trust Company of Maryland (later the Wells Fargo Tower) skyscraper to the west in the block facing St. Paul Street changing to Light Street going south - went through several quick mergers and bank name changes, now owned by Wells Fargo Bank originally of the Far West in California and an icon of "Old West" history with its stagecoach heritage).

Finally supposedly to simplify its name after 170 years of history, tradition and reputation, dropping the word "Savings" from its title, becoming briefly known as the "Bank of Baltimore Building".

This later "Bank of Baltimore" is one of the several predecessor banks that were eventually consolidated two decades later into an out-of-town financial institution SunTrust with headquarters in another prime city, making Baltimore a "branch town".

References[edit]

Ron Maxey  

SunTrust Bank is a bank holding company based in America. It’s a subsidiary of Truist Corporation and the sixth largest bank in the U.S. based on deposits and assets. By September 2016, the bank had 1,400 branches and 2,160 ATMs across Alabama, Florida, Maryland, North Carolina, Tennessee, West Virginia, Arkansas, Georgia, Mississippi, South Carolina, Virginia and Washington D.C. 

What time does SunTrust Bank open?

Monday	09:00 AM – 05:00 PM
Tuesday	09:00 AM – 05:00 PM
Wednesday	09:00 AM – 05:00 PM
Thursday	09:00 AM – 05:00 PM
Friday	09:00 AM – 06:00 PM
Saturday	09:00 AM – 12:00 PM

Is SunTrust Bank open today? Is SunTrust Bank open tomorrow?

Is SunTrust Bank open on Sunday? No, it’s closed.

SunTrust Bank closing time

What time does SunTrust Bank close? Usually, it closes at 05:00 PM.

History

SunTrust Bank was formed in 1985 through a merger between Sun Bank and Trust Company of Georgia. The merged company was based in Atlanta and continued to run under the name Sun Bank in Florida and Trust Company Bank in Georgia. 

The first major deal was struck about a year later when the merged company acquired Third National Corporation of Nashville. It continued to operate under the name Third National in Tennessee. 

There were three names in operations back then in different locations. However, Sun Bank, Third National and Trust Company Bank were all retired and rebranded to SunTrust in 1995. SunTrust expanded in 1998 to the District of Columbia, Virginia and Maryland after purchasing Crestar Financial Corporation of Richmond, Virginia. 

The company was included in the S&P Stock Price Index in 1988. In 2001, it created SunTrust Robinson-Humphrey after buying all institutional businesses owned by Robinson-Humphrey Company, LLC. This was after pursuing Robinson-Humphrey for more than 80 years with the desire to acquire it. 

In 2004, SunTrust bought the National Commerce Financial Corporation (NCF) for $7 billion. It operated under the name National Bank of Commerce in Tennessee, Arkansas, Georgia, West Virginia, South Carolina, Mississippi, Alabama, and Virginia. It also operated as Central Carolina Bank and Trust in North Carolina. 

In 2013, SunTrust led a group of banks that included Florida Community Bank and Fifth Third Bank in acquiring BEL USA, the parent company to DiscountMugs. The bank announced the launch of a specialty group in Medicine the next year that would be part of independent medical practices. 

In early 2019, BB&T announced that it would purchase SunTrust. This would make it the sixth largest bank in America with a market capitalization of about $66 billion and assets worth $442 billion. The merger took place in December, 2019. 

The newly merged company continues to operate under SunTrust and BB&T names until both systems are fully integrated. Once everything is settled, it will be based in Charlotte and will have a new name – Truist Financial Corporation.

SunTrust Bank Holiday Hours – Open

Date	Holiday
February 14	Valentine’s Day
March 5	Mardi Gras Fat Tuesday
March 17	St. Patrick’s Day
April 19	Good Friday
April 21	Easter Sunday
April 22	Easter Monday
May 5	Cinco de Does capital one have personal loans 16	Father’s Day
May 12	Mother’s Day
October 31	Halloween
November brooklyn chase naughty america Friday
December 24	Christmas Eve

SunTrust Bank Holiday Hours – Closed

Date	Holiday
December 25	Christmas Day
September 02	Labor Day
October 14	Columbus Day
February 18	President’s Day
May 27	Memorial Day
July 04	Independence Day
January 21	Martin Luther King Jr. Day
November 11	Veterans Day
November 28	Thanksgiving Day
January 01	New Year’s Day

SunTrust Bank near me

SunTrust Bank store locator

Business Directions

The main services offered by SunTrust Bank include lending, deposits, investment, trust, and credit card services. It also provides capital market services, wealth management, mortgage banking and corporate and investment banking through its subsidiaries.

Key Facts

SunTrust had a long relationship with The Coca-Cola Company that started back in 1904. By 2006, the former owned 3.58% share in Coke. Over the years, executives from either companies would sit on each other’s boards. SunTrust sold all its shares in Coke to the Federal Reserve in 2012. 

Conclusion

SunTrust is now known as Truist Financial Corporation. With more than 275 years of combined SunTrust and BB&T history, it remains one of the largest banks in America. It currently serves more than 10 million households and continues to grow exponentially. 

Источник: https://shop-hours.com/suntrust-bank-hours/

 Memphis Commercial Appeal

The holiday season is a magical time, and there are plenty of magical displays and activities in the Memphis metro area to help get you in the mood. 

Here's a don jose pollos asados of some of the better known and higher profile spots where you can soak up the spirit of the season. We don't pretend, however, that the list is all-inclusive -- some of the true delights are in the unexpected festive displays to be found by driving around the city and searching on your own.  

As you're cruising, though, be sure to remember these seasonal staples that never disappoint. Many require tickets that can be purchased online, so check websites of individual events for complete details. 

Away in 100 Mangers

Bible Museum on the Square in Collierville brings back its Away in 100 Mangers exhibit on the Town Square.

The exhibit begins Tuesday and runs through Jan. 18. 

Included in the exhibit are more than 100 nativity scenes from more than 45 countries. The displays showcase how the nativity story is pictured by bank of america wire transfer routing number california cultures worldwide through a variety of artistic styles.

Special "Nativity Nights on the Square" will feature live music, activities for children and hot chocolate in addition to the manger display. The Nativity Nights begin Nov. 23 and run on Fridays and Saturdays from 5-7:30 p.m.

Graceland

Elvis always took a special delight in decorating for Christmas at his Whitehaven mansion, and this year will be no different.

Two events are set for Thursday to mark the start of the holiday season at Graceland. The annual holiday lighting ceremony will be at 6 p.m., complete with entertainment from country artists Scotty McCreery and Marty Stuart, along with actors Eric Close and Wes Brown.

At 7 p.m., the Hallmark Channel movie "Christmas at Graceland" will make its world premiere at the Graceland Plaza Green and Elvis Presley's Memphis Soundstage. Red Carpet and performer interviews will precede the premiere, beginning at 6:30 p.m.

Suntrust Zoo Lights

Zoo Lights, sponsored by SunTrust Bank, returns to the Memphis Zoo Friday through Dec. 30. Hours are 5:30 p.m. to 9:30 p.m. on select evenings.

The event last year made the Top 10 list on the USA TODAY Readers Choice rankings of best zoo light displays nationwide. 

This year's display will include snow in the courtyard, a 90-foot tall Ferris wheel adorned with LED lights and an suntrust bank hours christmas eve skating rink. 

Enchanted Forest Festival of Trees

A long-standing Memphis holiday tradition, the Enchanted Forest Festival of Trees returns to Memphis Pink Palace Museum.

The festival opens Saturday and runs through Dec. 31. Hours are 9 a.m. to 5 p.m. Monday-Thursday plus Saturday, 9 a.m. to 9 p.m. Friday and noon to 5 p.m. Sunday. 

Proceeds from ticket sales benefit Le Bonheur Children's Hospital.

The display includes avenues of decorated trees sponsored by businesses and individuals. Animated characters will greet visitors in the Enchanted Forest. 

Starry Nights at Shelby Farms

Beginning Nov. 22 and running through Dec. 28, Starry Nights returns with its annual drive-through light display at Shelby Farms.

Presented by International Paper, the display features walking trails of lights and a drive-through display. The event is the largest annual fund-raiser for Shelby Farms.

Hours are 6 p.m. to 9 p.m. Sunday through Thursday, 6 p.m. to 10 p.m. on Friday and Saturday.

Holiday Wonders

Memphis Botanic Garden brings back its Holiday Wonders at the Garden, beginning Nov. 23 and running through Dec. 30.

Hours are 5:30 p.m. to 8:30 p.m. on select evenings, with the last admission at 7:30 p.m.

The Botanic Garden grounds are divided into four distinct display areas to offer something for all ages. 

The Train to Christmas Town

Based on the children's book "Train to Christmas Town," this is a train ride departing from Batesville, Mississippi (about 60 miles south of Memphis on Interstate 55) and traveling to an undisclosed Christmas Town location.

Passengers, both children and adults, remain on the train for the full round-trip journey that last about 70 minutes. While on board, passengers will be treated to cocoa and cookies served by elves and other magical entertainers on board the train. 

Visit grenadarail.com/train-to-christmas-town/ for suntrust bank hours christmas eve ticket information and directions, along with a Q and A detailing the trip.

New Year's Eve on Beale

Don't forget about the annual New Year's Eve celebration on Beale Street to cap the holiday season. 

Festivities this year will begin at 10 p.m. Dec. 31. 

The event is an evening-long celebration that will include music and fireworks. The street is open to anyone 21 and older. 

Ron Maxey covers trending news for The Commercial Appeal. Reach him at [email protected] or follow him on Twitter @rmaxey1.

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SunTrust How to check withdrawal limit bank of america Bank is a banking institution with the headquarter located in Atlanta, GA. The company operates mainly in the southeastern region of the United States. Being a solid bank, SunTrust follows their motor “Live Solid. Bank Solid. SunTrust”.

With more than 1,500 branches, SunTrust Banks are located in Suntrust bank hours christmas eve, Tennessee, Virginia, Florida, Maryland, and the District of Columbia. If this bank is a topic of interest for you, have a look at operating hours before paying a visit there.

SunTrust Bank hours do not differ from the standard operating hours followed by most of the financial institutions in the United States.

On this topic: Hobby Lobby hours New Year’s day

The SunTrust Bank operates from 9 am to 5 pm from Monday to Thursday. On Friday, the Bank has the same opening time but has one hour later closing time, at 6 pm.

On Sunday, there are reduced operating hours, set between 9 am and 12 am. On Sunday, the bank remains closed the same as most of the banking institutions. For more information, have a look at the table below.

DAY	TIME
Monday	9:00 AM – 5:00 PM
Tuesday	9:00 AM – 5:00 PM
Wednesday	9:00 AM – 5:00 PM
Thursday	9:00 AM – 5:00 PM
Friday	9:00 AM – 6:00 PM
Saturday	9:00 AM – 12:00 PM
Sunday	Closed

Read more: Kroger holiday hours July 4th

How To Find SunTrust Bank Hours

SunTrust Bank Locator

SunTrust offers the bank’s official branch locator which allows detecting bank’s hours for any branch and any location. Just enter your current address or zip code, so the system could launch the searching process. In a few seconds, the branch locator will generate a list of available SunTrust Banks in your area.

You can adjust your search by indicating the distance you are ready to travel. You also can specify what exactly you are looking for, ATMs, Branches, teller connect, financial advisors, mortgage arrives, financial centers, small business solutions, and so on.

Also read: Menards hours Labor Day 2017

Google Maps

There is one more effective tool allowing you to detect SunTrust Bank hours. Thus, Google’s official Maps can help you find the banks in your area, as well as check the detailed information on their operating hours, addresses, contact info, and so on.

Google Maps will generate a fill list of working hours for all the nearby branches or ATM locations. On the left side of the screen, you will notice customer reviews, address, contact info, and driving directions for each particular SunTrust Bank branches.

SunTrust Mobile Suntrust bank hours christmas eve App

The last but not the least search option applied by the institution is the bank’s official mobile app. This handy tool does not only provide you suntrust bank hours christmas eve SunTrust operating hours but also offers a wide range of additional services. This mobile app is quite simple a self-service banking recourse allowing you to track balances, transfer funds, check your transaction history, and many other options.

The SunTrust Mobile App can be downloaded from both iOS andGoogle Play and installed on any kind of mobile devices. After getting the app installed on your phone, sign in and search for any SunTrust Bank related information.

On this topic: What time does Publix Pharmacy close

Commonly Asked Questions

Remember that SunTrust Bank hours of operation can vary by location. For that reason, you are highly advised to use one of the above-mentioned search tools on your way finding SunTrust hours of operation. For more information on SunTrust operations, visit their official website.

SunTrust Bank Holiday Hours

The majority of American financial institutions follow the same operating pattern during the holidays. SunTrust is not an exception. Thanks to the branch locator and the mobile app, you can check SunTrust Bank operating hours.

In most of the locations, SunTrust Bank remains open on Valentine’s Day, Easter, Black Friday Halloween, and some other popular holidays which you outline in the table below. At the same time, there is a number of holidays when SunTrust Bank decides to remain closed, for instance, on New Year and Christmas, as well as on Presidents Day, Independence Day, and Thanksgiving Day.

Please remember that there can be some variations of SunTrust holiday hours by location. Thus, always check SunTrust holiday hours by means of one of  3 tools outlined above.

Read more: TCF bank hours of operation Sunday

We Appreciate Your Time

If this article was useful for you, don’t hesitate to write a few lines about it. Rating the article according to the scale of one to five stars, you can share your experience with others. To find the information on business and banking hours of other financial institutions, check our website.

Related: Is Bank of America open on Presidents day

The Federal Reserve, which regulates the nation’s banking system, observes 11 federal bank holidays each year that could impact the availability of your funds at your bank and delay any deposits you have made or plan to make.

All banks are closed on Thanksgiving, a Federal Reserve bank holiday, and most, but not all, will reopen Black Friday.

Depositing a check on a federal holiday could cause your funds availability to be delayed — with the deposit counting toward the next business day.

A bank holiday may also cause a bill payment to be late if the processing date is on a federal holiday.

A federal bank holiday may also mean that your local branch is closed.

Here are the Federal Reserve System bank holidays from 2021-2023:

* The Federal Reserve board of governors is closed on June 18, 2021, Dec. 24, 2021, Dec. 31, 2021 and Nov. 10, 2023.

**The board of governors is closed on July 5, 2021, June 20, 2022, Dec. 26, 2022 and Jan. 2, 2023.

Source: Federal Reserve

Most banks close on bank holidays

Rose Oswald Poels started working at the Wisconsin Bankers Association more than 20 years ago. Back then, Oswald Poels, who is now the president and CEO of the group, says a lot of banks were open on holidays like the birthday of Martin Luther King Jr., Columbus Day and Veterans Day.

“In today’s world, it’s very different,” Oswald Poels says.

More banks are choosing to close on Federal Reserve System holidays, such as Washington’s birthday or Columbus Day. Oswald Poels says some banks may take advantage of closing on a weekday holiday to either conduct all-staff training or volunteer in the community.

Banks can open on a Federal Reserve bank holiday

A bank may choose to be open on a Federal Reserve holiday. Transactions will generally process the same way they would on a weekend.

For instance, if you sign the documents to send a domestic wire transfer at your bank on a Saturday morning, that wire won’t be processed until Monday morning at the earliest, assuming Monday isn’t a Federal Reserve holiday. The same happens if you deposit a check in a bank (or online or at an ATM) on a holiday. If your bank is open on one of the Federal Reserve System holidays, the Fed is likely to reopen on the next business day. Automated Clearing House (ACH) Network transactions also aren’t processed on a bank holiday or on a weekend.

The Fed is closed on the second Monday in October for Columbus Day. So, if you deposit a check into your bank account on the Saturday before this holiday, the earliest this check will be fully available will typically be on Tuesday if the bank has same-day availability.

Customers at a bank without same-day availability won’t have their money available until Wednesday, Oswald Poels says.

Online accessibility on Federal Reserve bank holidays

Online access should be the same on a holiday as it would be on any other day or night. Of course, this is assuming the bank’s site isn’t down due to maintenance or another issue.

“If you do online banking, if you use remote deposit capture through your phone to make deposits, all of the technology functions still work,” Oswald Poels says. “So you can do those transactions. But the effect of what that means (on Fed holidays) is another story.”

While you can mobile-deposit a check on one of these holidays, it’s likely that the transaction will not process until suntrust bank hours christmas eve next business day at the earliest.

You generally can also open a bank account online on a Federal Reserve System holiday, just like you can on a night or weekend. That includes checking accounts, savings accounts, money market accounts or CDs.

Other holidays and a new holiday

Banks are generally open on Black Friday, Christmas Eve and New Year’s Eve, though it’s possible your bank may decide to close early on one of these days.

“Everything processes through the system normally on (these days) as well because the Fed is also open,” Oswald Poels says.

With the adoption of Juneteenth National Independence Day in 2021 on June 19, the Federal Reserve has added an additional bank holiday to its calendar. As with other federal holidays with a specific date, Juneteenth is celebrated on the Friday before or the Monday after should June 19 fall on a Saturday or Sunday, respectively.

Bill pay around Federal Reserve holidays

It’s always best to pay bills a few days early. That way if a holiday or weekend is off your radar, the bill should get paid on time.

“If you have set up automatic bill pay from your account, hopefully most people arrange bill pays so that the date that the transaction is initiated is not literally the very last day that bill is due,” Oswald Poels says.

Automatic bill payments that fall on or around a Federal Reserve System holiday or on a weekend won’t process until the next business day.

“Make sure you leave yourself enough leeway from when the actual due date is to when you’ve initiated the bill pay request,” Oswald Poels says.

Learn more:

The Federal Reserve Bank of Atlanta and Fed member banks in the Sixth District will observe the following holidays:

*Holiday Policy: When holidays fall on Saturday, Federal Reserve Banks and branches will be open the preceding Friday. For holidays falling on Sunday, all Federal Reserve offices will be closed the following Monday.