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Juneteenth Bank Update : On Juneteenth, 2022, all banks will be closed

Juneteenth Bank Update : On Juneteenth, 2022, all banks will be closed

By Startup Authority

Are bank's closed on Juneteenth ?

According to the information on Banks.org, most banks will be closed on Juneteenth.

  • On Juneteenth, banks such as Bank of America, Capital One Bank, Chase, Citibank, PNC Bank, and Santander Bank will be closed.
  • This is because in 2021, US President Joe Biden enacted legislation declaring Juneteenth an official holiday.
  • The end of slavery in the United States is commemorated on Juneteenth, also known as Juneteenth Independence Day, Freedom Day, and Emancipation Day.
  • Juneteenth was thrust into the national limelight by the Black Lives Matter movement, which built on a decades-long campaign by activists and leaders to gain recognition for the historic date.
  • Juneteenth is a remembrance of the Union Army Maj. Gen. Gordon Granger riding into Galveston, Texas, on June 19, 1865, and issuing General Order No. 3 declaring the enslaved African Americans free.
  • "The people of Texas are advised that, pursuant to a proclamation from the Executive of the United States, all slaves are free," the decree declared.
  • What began as a small-scale celebration of liberation among Galveston residents developed into a larger commemoration of the abolition of slavery.
  • Banks, as well as most schools and colleges, such as Columbia University and Harvard University, observe the federal holiday. The majority of federal offices will likewise be closed.
  • "The white man will try to appease us with symbolic wins rather than economic parity and true justice," said one Twitter user of Juneteenth becoming a government holiday.
  • "You can keep pushing for substantive change and not feel appeased by the Juneteenth celebration," one commenter pointed out, "but you should also recognise that Black people have been advocating for this holiday for decades."
  • Furthermore, banks like Truist Bank and Wells Fargo will close. On Sunday, June 19, TD Bank will be closed and will reopen on Monday, June 20.