Flag Day in Panama is observed every November 4, following the country's Independence Day, and is part of the Independence Day celebrations. This public holiday features flag hoisting ceremonies, colorful parades, and various festive events. The flag of Panama, designed by Maria de la Ossa de Amador, consists of a rectangular banner divided into four quarters: the upper left and lower right fields are white, the upper right field is red, and the lower left field is blue, with a five-pointed star in each of the colored fields. The blue star represents the Conservative party, while the red star symbolizes the Liberal party, with the white fields signifying peace. Although government offices and banks are closed, many businesses choose to remain open on this day. Flag Day serves as a time for Panamanians to celebrate their national identity and heritage.