Patriots' Day is an official state holiday in Maine, but it is not a standard bank holiday. While state government offices and public schools are closed in observance, most financial institutions, including banks and credit unions, remain open for business.
The distinction arises from the difference between state and federal holidays. Banking operations are largely governed by the Federal Reserve System's holiday schedule. Because Patriots' Day is not a federal holiday, the Federal Reserve Banks are open, allowing for the processing of financial transactions like check clearing and electronic fund transfers. Consequently, the vast majority of commercial banks align their schedules with the Federal Reserve and operate on a normal schedule.
Therefore, for practical purposes, individuals in Maine should assume their bank will be open on Patriots' Day. However, as some smaller, local institutions or credit unions may choose to close, it is always advisable to verify the hours of operation with a specific branch directly.
