Is City National Bank Open on New Year’s Eve?

Post Last Updated: February 28, 2019

Is City National Bank open on New Year’s Eve? Yes, City National Bank is open on New Year’s Eve.

Since New Year’s Eve is not a federal holiday, City National Bank will be open. However, typically the hours will vary.

While on New Year’s Eve, City National Bank is open, on New Year’s Day, City National Bank locations will be closed.

If New Year’s Day falls on a weekend, then New Year’s Day will be observed either on the following Monday.

To learn more about the hours and locations of City National Bank, you can visit their website here: https://www.cnb.com/.

Why Banks and Credit Unions are Closed on Federal Holidays

Throughout the year, there are 11 federal holidays and, on these holidays, banks and credit unions are closed.

This is because the Federal Reserve is closed. The Federal Reserve helps banks and credit unions perform various services such as ACH transactions and wire transfers.

Since the Federal Reserve is closed because it is a government entity, these financial institutions cannot perform their services and are closed as well.

However, New Year’s Eve is not a federal holiday, City National Bank will be open. However, hours might be shorter than usual.

Which Days are Federal Holidays in the United States?

Below are a list of all of the federal holidays observed in the United States:

  • New Year’s Day
  • Martin Luther King Day
  • President’s Day
  • Memorial Day
  • Juneteenth
  • 4th of July
  • Labor Day
  • Columbus Day
  • Veterans Day
  • Thanksgiving
  • Christmas Day

As mentioned above, on these federal holidays, banks, credit unions and government entities will be closed.

Again, since New Year’s Eve is not a federal holiday, City National Bank will be open. However, the closing time might be earlier than usual.

Hopefully this article has been helpful to you to learn about if City National Bank is closed or open on New Year’s Eve.