All articles tagged with #bank closures
On New Year's Day 2026, January 1st, most banks and the stock market are closed, mail delivery is limited to Priority Mail Express, and many grocery and retail stores like Walmart, Target, Walgreens, and CVS are open with possible modified hours. Check local store websites for specific hours and services.
On New Year's Day 2026, most major retailers, grocery stores, and restaurants like CVS, Home Depot, IKEA, Applebee's, and McDonald's will be open with varying hours, while banks, post offices, and the stock market will be closed for the holiday.
Many stores, pharmacies, and financial institutions have modified hours or are closed on New Year's Day 2026, with grocery stores generally open with reduced hours, while banks, USPS, and stock exchanges are closed. Retailers like Walmart and Target remain open, but some specialty stores and services have limited hours or closures.
On Veterans Day, most banks are closed, but stock markets, Costco, FedEx, UPS, and many grocery and fast-food chains remain open. USPS locations are closed except for Priority Mail Express, and many retailers offer special discounts for veterans.
Veterans Day on November 11th is a federal holiday in the U.S. with most government offices and banks closed, while the stock markets (NYSE and Nasdaq) remain open with a moment of silence, and mail services are not available. Stores and restaurants typically stay open, and many offer discounts to veterans.
Thousands of U.S. banks, including major ones like Chase and Bank of America, will be closed on November 11 in observance of Veterans Day, following the Federal Reserve's holiday schedule, which affects banking services and operations nationwide.
In Alabama, Columbus Day on October 13, 2025, is observed as a state holiday, leading to closures of banks, post offices, and state government offices. Schools may vary in their schedules, and federal offices are also closed, although some government services remain suspended due to a government shutdown. Private carriers like UPS and FedEx will operate normally.
Most retail stores, grocery chains, and restaurants will be open on Labor Day 2025, while major banks, the U.S. Postal Service, and stock markets will be closed. Check local hours for specific businesses, as they may vary.
Veterans Day, observed on November 11, is a federal holiday, leading to closures of banks and USPS services, while the stock market remains open. Major banks like Bank of America and Wells Fargo will be closed, but ATMs will be operational. USPS will not deliver mail, and its retail locations will be closed. Retailers like Costco will remain open, and many offer discounts to veterans and active military personnel, such as free meals at Bob Evans and Starbucks.
In the first half of 2024, U.S. banks closed 539 branches, with Bank of America, U.S. Bank, Wells Fargo, Chase, and TD Bank among the major contributors. This trend reflects a shift towards online banking, with 78% of Americans preferring digital services. The closures, driven by cost-saving measures and changing consumer preferences, are expected to continue, potentially surpassing 1,000 by year-end. California, New York, and Pennsylvania were the most affected states.
The UK Treasury has called a meeting with bank bosses to discuss account closures following the controversy between Nigel Farage and NatWest. The government is concerned about claims that accounts are being closed due to individuals' political views. NatWest CEO Dame Alison Rose has apologized to Farage, who believes his account at Coutts was closed because of his views. The government plans to introduce stricter rules for bank closures, including providing a 90-day notice period and requiring banks to explain their reasons for closure. The Treasury's response comes after allegations of "client de-banking" raised significant concern in Parliament.
Mortgage rates have dropped this week following the closures of Silicon Valley Bank and Signature Bank, which has raised speculation about the interest rate environment. The average rate for a 30-year fixed-rate mortgage decreased to 6.6% for the week ending March 16, according to Freddie Mac's Primary Mortgage Market Survey. Homebuyers could save up to $1,200 by shopping around for the right lender in times of heightened mortgage rate volatility. The Federal Reserve's aggressive interest rate hikes were partly to blame for the bank closures, leading to speculation over the future of the interest rate environment.