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#2227412 - 12/13/19 10:26 PM Closing Early on Holidays
Complycated Offline
100 Club
Joined: Aug 2013
Posts: 168
Can a (not national) bank in Wisconsin decide to close at noon on new year's eve when it has traditionally stayed open normal hours? I looked in the state statutes but didn't see the answer.

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#2227419 - 12/13/19 11:12 PM Re: Closing Early on Holidays Complycated
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,352
Galveston, TX
220.30  Closing in emergencies. No liability shall be incurred by a bank because the bank is closed during an emergency. If a bank closes during an emergency, the closing shall be noted in the minutes of the next meeting of the bank's board of directors. A bank may not declare in default for nonpayment any obligation which became due while the bank was closed during the emergency if timely payment on the obligation was tendered but not accepted because the bank was closed.

I think that is about it in the statutes.
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