Veterans Day originated as “Armistice Day” on November 11, 1919, the first anniversary marking the end of World War I.
The war officially ended when the Treaty of Versailles was signed on June 28, 1919, in the Palace of Versailles outside the town of Versailles, France.
Congress passed a resolution in 1926 for an annual observance, and November 11 became a national holiday beginning in 1938.
Armistice Day was primarily a day set aside to honor veterans of World War I, but in 1954, after World War II and American forces had fought aggression in Korea, Congress, at the urging of the veterans service organizations, amended the Act of 1938 by striking out the word “Armistice” and inserting in its place the word “Veterans.”
President Dwight D. Eisenhower signed legislation in 1954 to change the name to Veterans Day as a way to honor those who served in all American wars.
Veterans Day is usually observed on the 11th day of November unless the 11th falls on a weekend.
This year, Veterans Day is on Wednesday, November 11, 2020.
Are Banks Open Or Closed On Veterans Day 2020?
Below is a list of banks that are closed on Veterans Day, Wednesday, November 11, 2020.
Most banks will be closed on Veterans Day because it is a federal holiday and the Federal Reserve Bank is closed on Veterans Day 2020.
But it is always best that you call ahead to the local bank branch near you to be sure that they are closed or open on Veterans Day 2020.
Veterans Day Bank Deposits
Also, because Veterans Day is a federal holiday, this can delay when bank deposits are credited to your account, depending on your bank’s holiday deposit schedule.
This includes deposits made by customers, payroll deposits, and other direct deposits such as Supplemental Security Income (SSI) deposits that will be made on Veterans Day, Wednesday, November 11, 2020, but may not be credited to some bank accounts until November 12, 2020, or later.
List of Banks Closed On Veterans Day 2020
Most banks will be closed on Veterans Day, Wednesday, November 11, 2020, including Ally Bank, Bank of America, Capital One, Chase Bank, CitiBank, Fifth Third Bank, HSBC, Huntington National Bank, PNC Bank, Regions Banks, SunTrust Bank, TD Bank, and Wells Fargo.