Some banks are still open but mail is not
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Observance
Veterans Day 2007 poster
The Uniform Holidays Bill (Public Law 90-363 (82 Stat. 250)) was signed on June 28, 1968, and was intended to ensure three-day weekends for federal employees by celebrating four national holidays on Mondays: Washington's Birthday, Memorial Day, Veterans Day, and Columbus Day. After protests by veterans' groups, it was moved back to November 11 in 1978 (most states had reverted to the original date during the '70s). Even though it is a federal and state holiday, it is formally observed in most parts of the United States only by government offices and banks. Some schools and almost all businesses stay open on regular schedules. Most public transit systems thus stay on regular schedules. Most businesses cite the holiday's proximity to Thanksgiving (when many businesses close for a four-day weekend) as the main reason for staying open on Veterans Day, but some schools and most businesses also stay open on Columbus Day, a full month earlier.
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http://en.wikipedia.org/wiki/Veteran's_Day