Bank Holidays

Bank Holiday
​New Year's Day
Martin Luther King, Jr. Day
President's Day
Memorial Day
Independence Day
Labor Day
Columbus Day
Veterans Day
Thanksgiving
Christmas

​2020
January 1
January 20
February 17
May 25 
July 4
September 7 
October 12 
November 11
November 26
December 25

​2021
January 1
January 18
February 15
May 31 
July 4*
September 6 
October 11 
November 11
November 25
December 25*

* ​Under Maryland law, holidays falling on Sunday are observed on Monday; such is not the case for holidays falling on Saturday.

Emergency Closing Procedure​

The Maryland reporting process for financial institutions that close is updated. Specifically, the Governor's website now has a portal for financial institutions that close for emergency to document the reporting of the closing. Below is the section of the Office of the Commissioner of Financial Regulation (OCFR) Emergency Preparedness Guide that is updated. This is also on the OCFR website

If it is necessary to completely close your institution due to an emergency, Maryland law requires that you notify the Governor's Office within 24 hours of closing.*  

Completing the online Financial Institutions Portal form satisfies this requirement. Ensure phone contacts are cell phone numbers where decision makers can be reached during the emergency.

Please also email Deputy Commissioner Teresa M. Louro at teresa.louro@maryland.gov and Assistant Commissioner Michelle Denoncourt at michelle.denoncourt@maryland.gov with notification of the closure.

If you are unable to access the Governor's Financial Institutions portal, please call the Governor's Office at 410-974-3901, and call at least one of the following individuals.

Antonio P. Salazar, Commissioner
410-230-6361
tony.salazar@maryland.gov

Teresa M. Louro, Deputy Commissioner
410-230-6022 | 410-446-1990
teresa.louro@maryland.gov

Michelle Denoncourt, Assistant Commissioner
410-230-6104 | 443-758-6344
michelle.denoncourt@maryland.gov
 
*The requirement to notify the Governor's Office only applies if you close your entire institution. If you have one or more branches still operating, you only need to notify the OCFR.

Read the OCFR Maryland Emergency Preparedness Guide







The law addressing emergency closing procedures for state-chartered institutions is (MD Code Ann., Fin. Inst § 5-707) and for national banks and federally-chartered institutions (12 USC § 95(b)(1) and 12 CFR § 7.3000(b)). The Office of the Controller of the Currency (OCC) reminds management of national banks and federally-chartered institutions that they have the discretion to make individual decisions to remain open or to close in the event of a natural disaster or other emergency and are encouraged to consult OCC Bulletin 2012-28, Supervisory Guidance on Natural Disasters and Other Emergency Conditions. 

State-chartered institutions:  Should the chairman of the board of directors or the president of the institution decide that an emergency exists and that one or all of the institution's locations are to close, our members are to follow the procedures outlined in Maryland law, including notifying Maryland Governor Larry Hogan within 24 hours of the closing.  You may easily transmit your notice through the Governor’s website at http://www.gov.state.md.us/mail/.  Please insert "Notice of Emergency Bank Closing" in the subject line.  Although not required by statute, any bank that closes one or more branches on an emergency basis is requested to email Maryland Commissioner of Financial Regulation Tony Salazar (tony.salazar@maryland.gov), as well as Teresa Louro (Teresa.louro@maryland.gov) and Marcia Ryan ( Marcia.ryan@maryland.gov) in the Office of the Commissioner regarding the closing.  

Read State of Maryland Department of Labor, Licensing and Regulation (DLLR), Office of the Commissioner of Financial Regulation, Emergency Preparedness Guide for Maryland-Charter Banks and Trust Companies.​