Chattanooga, TN – According to the state officials, this will serve as confirmation that Tennessee state-chartered banks may be closed on the following dates, in addition to federally designated holidays, provided that adequate notice is given to customers prior to the closing:
- Friday, November 25, 2022 (in addition to Thursday November 24, 2022)
- Friday, December 23, 2022 and/or Monday, December 26, 2022 (in addition to Saturday, December 24 and Sunday, December 25, 2022)
Dear Tennesseans, no separate notice by the bank to this office is required.
But, according to T.C.A. Section 45-2-604, should the bank decide to close for more than two consecutive calendar days, not including a Saturday, Sunday or legal holiday, the prior approval of this office is required.
Banks should be advised that if the Federal Reserve is open on a day that the bank has decided to use its discretion and close, the Federal Reserve may continue to present cash items to the bank.
Please contact your respective Federal Reserve branch for further guidance.
No other information is available at the moment.
This is a developing story and it will be updated as new information become available.