Bloomberg Law
June 18, 2021, 6:52 PM

Bank of America Makes Juneteenth a Holiday, Joining JPMorgan (2)

Sonali Basak
Sonali Basak
Bloomberg News
Mary Biekert

Bank of America Corp. joined JPMorgan Chase & Co. in closing branches and offices for Juneteenth starting next year after President Joe Biden signed the federal holiday to commemorate the end of slavery in the U.S. into law.

The banking giants told U.S. employees they’ll receive a floating paid day off to mark the occasion this year, with June 19 falling on a Saturday. The companies both will add Juneteenth to their regular holiday schedules starting next year, they said in memos to their staffs, with bank branches and other facilities closed the day the federal holiday is observed. Wells ...