23 CAR § 320-1501. Legal holiday — Applicable law

(a) The legal holidays applicable to state banks shall be those holidays set forth in Arkansas Code § 1-5-101 and such other holidays as shall be established from time to time by the Board of Governors of the Federal Reserve System. (b) A state bank is not required to close on any legal holiday. (c) A bank may close one (1) business day of each week in which event the day of such closing is deemed a legal holiday and not a business day. (d) Business transacted on a holiday is binding and shall have the same effect as if transacted on the next succeeding business day. (e) All items payable on a legal holiday shall be deemed to be payable on the day next succeeding the holiday.