February 16 - The bank will be closed in observance of President's Day

Presidents’ Day, also known as Washington's Birthday, is on the third Monday of February each year and is a federal holiday in the United States.

The day not only honors George Washington (born February 22), the first President of the United States, and Abraham Lincoln (born February 12) whose birthdays are both in February, but honors all the presidents who have served in the United States.

Uniform Monday Holiday Act

On June 28,1968 the United States Congress passed the Uniform Monday Holiday Act changing many federal holidays to move over to Monday from other days of the week. 

The proposal also included a provision to combine the celebration of Washington’s birthday with that of President Abraham Lincoln, who was born on February 12th. The provision was dropped, but the rest of the Uniform Monday Holiday Act was passed in 1968 and took effect in 1971.

The celebration of Washington’s birthday was shifted from the actual date (February 22) to the third Monday in February. Columbus Day, Memorial Day, and Veterans Day were also affected, although changes to Veterans Day were later rolled back due to backlash from veterans and the civilian public alike. Because the celebration of Washington’s birthday was moved away from the February 22 date, many people believed the holiday was meant to honor Lincoln as well, since the new day of observance always fell in between their two birthdays. Marketers began advertising “President’s Day” sales and by the mid-1980s, many Americans no longer thought of the federal holiday in February as Washington’s Birthday, but rather as Presidents Day. By the early 2000s, roughly half of the states had changed the holiday’s name to Presidents' Day on their official calendars.

The Federal Deposit Insurance Corporation still refers to the Holiday as Washington’s Birthday.