In Maryland, the observance of bank holidays involves a nuanced approach, particularly when state and federal holidays diverge. This distinction is especially relevant when considering Veterans Day and its status as a bank holiday. This article clarifies how Maryland banks observe holidays, focusing on Veterans Day within the broader context of the 2025 bank holiday schedule.
Maryland law stipulates that when a mandatory bank holiday in the state differs from a federal holiday, banking institutions have the flexibility to navigate these differences. They may choose to close on either one of the holidays, or decide to close on both. Furthermore, when a mandatory state bank holiday lacks a corresponding federal observance, Maryland banks are granted the autonomy to decide whether to remain open or close for business on that specific day. This framework ensures that banking operations can adapt to both federal and state holiday observances, providing a degree of flexibility while adhering to legal requirements.
To better understand the specifics, let’s look at the scheduled bank holidays in Maryland for 2025:
| Date | Holiday |
|---|---|
| January 1 (Wednesday) | New Year’s Day |
| January 20 (Monday) | Dr. Martin Luther King, Jr.’s Birthday (observed) |
| February 17 (Monday) | Presidents’ Day |
| May 26 (Monday) | Memorial Day |
| June 19 (Thursday) | Juneteenth National Independence Day* |
| July 4 (Friday) | Independence Day |
| September 1 (Monday) | Labor Day |
| October 13 (Monday) | Columbus Day (observed) |
| November 11 (Tuesday) | Veterans Day |
| November 27 (Thursday) | Thanksgiving Day |
| December 25 (Thursday) | Christmas Day |
*Should the U.S. Congress designate an alternative day for the observance of Juneteenth, that federally recognized day will become the legal date in Maryland as well.
As indicated in the schedule, Veterans Day, observed on November 11th, is a designated bank holiday in Maryland. This means that banks in Maryland will typically be closed on this day to honor veterans. It is always advisable to check with your specific bank for their holiday operating hours, as individual institutions may have slight variations in their practices based on the state guidelines.
In conclusion, understanding Maryland’s bank holiday policy, especially concerning Veterans Day, requires noting the state’s approach to aligning with or diverging from federal holiday schedules. For 2025, Veterans Day is confirmed as a bank holiday in Maryland, allowing residents and businesses to plan accordingly for bank closures on this day of national recognition.
