The core of the query revolves around the primary noun, "banks," and their operational status on a specific day. Patriots' Day is an official state holiday in Massachusetts but not a federal holiday. As a result, federally chartered banks are not required to close and many remain open, while state-chartered institutions may be closed.
The distinction between federal and state holidays is the determining factor. The U.S. Federal Reserve System establishes the official bank holiday schedule, which does not include Patriots' Day. Consequently, the Federal Reserve Bank of Boston is open, and most national banks (such as Bank of America, JPMorgan Chase, and Wells Fargo) also operate on a normal or modified schedule. Conversely, smaller community banks and local credit unions chartered by the state are more likely to observe the holiday and close for the day.
Because the decision to open or close is at the discretion of each individual financial institution, there is no uniform rule that applies to all banks in the state. Therefore, the most reliable course of action is to verify the holiday hours directly with a specific bank branch. Customers should check the bank's official website, use its mobile app, or call the local branch ahead of time for accurate information.
