Yes, the bank is closed today and many government employees will not be at work. It is Presidents' Day and has been celebrated in the United States since Washington's term of leadership. This federal holiday has a deep history meant to acknowledge the first President's birthday and has become one to celebrate those whose leadership has withstood the test of time.

Officially the third Monday of February was started to commemorate the birthday of George Washington, which was actually born on February 22nd. Later in U.S. history President Lincoln was added to the list due to his accomplishments and his birthday being February 12th.

In modern times this day is well known for government employees, mail carriers and financial services being closed. It has also gained a reputation for shopping discounts.

While the first President was known as a humble and low-key figure, the public started the celebration of his birthday while he was still alive. The Mount Vernon Organization stated that while his birthday is still recognized to this day, the parameters around it changed in the late 20th century, when it unofficially became known as “Presidents’ Day”.

After Washington died in 1799, his birthday was informally celebrated across the country. It wasn’t until January 31, 1879, that Washington’s birthday became a federally recognized holiday.