Letter Re: Advice on Gauging the Safety of Individual American Banks

Howdy, I haven’t been able to write or e-mail much these last few months as I have just moved from Detroit, Michigan, to Montana. Having just completed this relocation, and unfortunately not having been able to complete my prep for the move as well as I would have liked, I was wondering if you had any info on banks here? I am living about 70 miles west of Missoula, Montana.
Thanks in advance. – Warhawke

JWR Replies: Well, congratulations on your move and cue the Merle Haggard music!

I don’t know much specifically about the state-chartered banks up in Montana. The good news is that Montana was not a housing bubble mania state like California, Nevada, Arizona, and Florida, so most Montana banks should still be safe. (Anyone living in the housing bubble states should be quite concerned about bank failures.) But, regardless, I strongly recommend that all SurvivalBlog readers in the US follow the link to Weiss Research, in this recent SurvivalBlog article. They can give you an honest appraisal of the relative safety of most banks.