17.6 C
Wednesday, October 21, 2020

Are Banks Open or Closed on Columbus Day 2020?


Columbus Day, also known as Indigenous Peoples’ Day, is observed this year on Monday, October 12, 2020.

Columbus Day, also known as Indigenous Peoples’ Day, is observed this year on Monday, October 12, 2020. Since it is a national holiday, you may be wondering if the banks will be open or closed in the United States on that day.

According to The Federal Reserve, Columbus Day is one of 10 bank holidays in the US for which their banks are closed to give employees the day off. American National Bank‘s 2020 schedule indicates that while the Federal Reserve is closed on October 12, the American National Bank will remain open on Columbus Day. TD Bank will also be open on Columbus Day.

According to GoBankingRates.com, the banks that will be closed on Monday, October 12, in observance of the holiday, include Amarillo National Bank, Ameris Bank, Bank of America, Bank of the West, BBVA, BB&T, Eastern Bank, First Citizens Bank, First Horizon Bank, HSBC, M&T Bank, Peoples Bank, PNC Bank, Regions, Santander Bank, SunTrust, Synovus, Union Bank, USAA, and Wells Fargo. Banks.org indicates that Chase observes Columbus Day as a bank holiday and will be closed, as well. These banks should be expected to reopen on Tuesday, October 13, under regular hours of operation.

The Stock Market & NASDAQ Will Remain Open on Columbus Day

In addition to several banks across the country, the Stock Market will also remain open through the Columbus Day holiday. The New York Stock Exchange and NASDAQ NYSE Amex will not close on Monday, October 12, 2020.

In spite of the national holiday, other institutions that you should expect to remain open include FedEx, UPS, garbage removal, national parks, and state and county offices. The United States Postal Service is closed on the holiday, as is the DMV and Social Security offices.

Columbus Day is one of 10 federal holidays; the other 9 are New Year’s Day, Martin Luther King Jr. Day, Washington’s Birthday, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, and Christmas Day.

15 States in the US Celebrate Indigenous Peoples’ Day Instead of Columbus Day

While Columbus Day is still considered a national holiday, many states and cities across the country do not longer recognize it as a day off from work or school. In fact, this year a number of states have replaced Columbus Day with another holiday observance.

According to Good Housekeeping, 14 states plus the District of Columbia have chosen to observe Indigenous Peoples’ Day on October 12, instead of or in addition to Columbus Day (which began as a national holiday in 1972). Those states are Alabama, Alaska, Hawaii, Idaho, Maine, Michigan, Minnesota, New Mexico, North Carolina, Oklahoma, Oregon, South Dakota, Vermont, and Wisconsin. Many individual cities nationwide have adopted the holiday change as well.

The holiday is observed in honor of Indigenous People or Native Americans who were living on the land that would eventually become the United States, long before Christopher Columbus “discovered” it. It is both a recognition of the ancestral history of Native Americans (who make up about 2% of the US’s current total population) as the first inhabitants of America, but also a solemn acknowledgment of the devastation done to Native American people and culture at the hands of colonization.

Columbus Day, or Indigenous Peoples’ Day, always falls on a Monday. Here is when the holiday will be observed in years to come:

– 2021: Monday, October 11th, 2021
– 2022: Monday, October 10th, 2022
– 2023: Monday, October 9th, 2023
– 2024: Monday, October 14th, 2024
– 2025: Monday, October 13th, 2025
– 2026: Monday, October 12th, 2026
– 2027: Monday, October 11th, 2027
– 2028: Monday, October 9th, 2028
– 2029: Monday, October 8th, 2029
– 2030: Monday, October 14th, 2030

It is worth noting that Columbus Day/Indigenous Peoples’ Day falls on the same day as Canadian Thanksgiving. This year, Thanksgiving in the United States will be observed on Thursday, November 26, 2020.

The Masked Singer Season 4 Voting: Who Can Vote & How

Speak Your Mind

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get in Touch


Recommend for You

Eric Kripke Reveals the Purpose of the Buzzing Fly on ‘The Boys’

Amazon You might have noticed that the buzzing fly that got everyone’s attention in Season 1 was back very briefly during the first episode of...

Riddhima and Bharat Sahni Remember Rishi Kapoor on Birth Anniversary, Share Throwback Pics

Riddhima Kapoor and husband Bharat Sahni remembered late Rishi Kapoor on the occasion on what would have been his 68th birthday.

How to Watch Primal Season 1B Online Free

Cartoon Network A still from Primal on Adult Swim Last fall, Adult Swim premiered the first half of a show called Primal, a rather emotional story...

NCB raids Rhea Chakraborty, Samuel Miranda’s houses to probe drung angle in Sushant Singh Rajput death case

MUMBAI: In the latest development in Sushant Singh Rajput, a five-member team of Narcotics Control Bureau (NCB) probing the drug angle in the actor's...

UPDATE: Chef KiKo’s Life After ‘Below Deck’

NBCUMV Fan favorite Chef KiKo is still cooking on boats after his departure from "Below Deck Mediterranean." Chef Hindrigo “KiKo” Lorran was dismissed after ten...

Related Articles

Kangana Ranaut, Kriti Sanon Demand CBI Probe For Sushant...

Bollywood actress Kangana Ranaut has shared a video demanding CBI probe into the death...

WWE wrestler John Cena posts Ranveer Singh’s picture, calls...

Mumbai: Ranveer Singh had a good laugh after WWE champion and Hollywood actor John...

‘Saturday Night Seder’ Hopes to Break into the Emmy...

“Saturday Night Seder” is unlike most of its competitors in the Emmys’ outstanding variety...

New TV Movie Is Based On A Real-Life Conman...

Lifetime Sleeping With Danger, starring Elisabeth Rohm and Antonio Cupo. The latest “Ripped From the Headlines”...