Bank holiday --- what's that?

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Last Tuesday, I watched the news from my favorite television channel (local). I was alarmed because there's a bank in our place declaring bank holiday. I really do not know what's that. What directly comes out in my mind is that there are problems. It might be bankruptcy or mismanagement. Anyway, I am not a depositor of such bank. But after that, I think of withdrawing all of my money in my depository bank. I decided to transfer my money in a commercial bank. The following day, Wednesday, I went to the downtown area not to withdraw but to buy some of my needs. I was in a hurry at that time. I did not know that the clients of the bank where I have deposits are already in a hurry withdrawing all their deposits. The following day, Thursday, I passed by the bank. It was already no closed. There was no notice. Nobody was there to answer all of our questions. Many speculations were rising. There many reactions coming from the clients. Some were very angry but still some were very calm. All of us are hoping that it will open as soon as possible. Just this day, I was informed that the bank is opening already. After I logged out from our office, I directly visited the bank. To my surprise, they are not transacting deposits or withdrawals. They are just answering the questions of their clients asnd explaining what is really happening to them. I already lost my trust. I am planning to close my account at the soonest possible time. I hope that this will not happen again.