Juneteenth is a federal holiday, if not a Florida state one, and that means banks and stock markets will be closed. Here's what to know. Yes. Banks are closed on the 11 federal holidays observed by the Federal Reserve.

The June 19 holiday marks the day in 1865 on which federal troops came to Galveston, Texas, to free enslaved Black people in the state — almost 2½ years after President Abraham Lincoln signed the Emancipation Proclamation, on Jan. 1, 1863.