Important Holiday Notice
American National Bank and the Federal Reserve will be closed on Monday, May 27, for Memorial Day.
Please keep in mind that ACH transactions cannot settle on Monday, May 27. Thus, to ensure payment by Friday, May 24, your ACH entries should be processed through iBank on Thursday, May 23, and dated for May 24. We recommend that you transmit the ACH information prior to 9:30 AM.
Any transactions initiated on Friday, May 24, will not settle until Tuesday, May 28.
If you should have any questions, please feel free to call the Funds Transfer area at 399-5020. Thank you!
Federal Reserve Bank Holidays
To help with planning, please note the following Federal Reserve Bank Holidays. Although the bank may be open on one or more of these holidays, the Federal Reserve is closed and as a result, no wire transfers or ACH can be transacted on these days.
|Holiday||Day of Week||Date|
|New Year's||Tuesday||January 1|
|Martin Luther King Jr.||Monday||January 21|
|Memorial Day||Monday||May 27|
|Independence Day||Thursday||July 4|
|Labor Day||Monday||September 2|
|Columbus Day*||Monday||October 14|
|Veterans' Day||Monday||November 11|
* Federal Reserve Bank is closed but American National Bank is open - no wire transfers or ACH can be transacted on these days.
Please remember the Federal Reserve is closed on these days, the effective date (settlement date/posting date) and transmission date of your ACH files and transactions will be impacted - the Federal Reserve will not process transactions on these dates. For example, if you send ACH transactions on November 25 with an effective date of November 26, the transactions will not be processed on the 26 - they will be posted on the 27. Likewise, if you send an ACH file on February 15, a day American National Bank is open, but the Federal Reserve is closed, we are not able to send the file until February 16, making the first available posting date February 17.
** For holidays falling on Saturday, Federal Reserve Banks and Branches will be open the preceding Friday. For holidays falling on Sunday, all Federal Reserve Banks and Branches will be closed the following Monday.