
Community banks are the last bastion of cheap value in the public markets. I find dirt cheap banks and invest in size.
| Platform | Pricing | Freemium | Publishes | Twice weekly | |
|---|---|---|---|---|---|
| Issues | 75 | Founded | 8 months ago | Last Issue | 7 days ago |
| Active | |||||

In March of this year, we published a piece on BCB Bancorp that made a specific argument. The bank had suffered an isolated credit event concentrated in cannabis lending. The core portfolio was clean. The CEO was positioned to either re-rat...
The national delinquency rate on farm operating loans is 1.10%. It has printed between 1.10% and 1.19% for seven straight quarters. Every ag economist, every Fed survey, every sell-side note on the regional banks quotes that number, and tha...
And I added another position
The timing of me buying a position in one of these small banks is incredible.
This is the full write-up on position #5 in the $50,000 portfolio. Free subscribers get the setup below. Paid subscribers get the name, the ticker, and what I think it sells for.
There is a 142-year-old savings and loan on the Gulf Coast w...
The $50,000 experiment
On September 1st, 2026 I posted an article titled “The Strategy That Breaks at $10 Million.” In it I argued that the best remaining pocket of inefficiency in public markets is community banks so small and illiquid th...
Subscribers, engagement, traffic and sponsorship for Dirt Cheap Banks.
| Subscribers | Engagement | 75 | Monthly Web Visits | ||
|---|---|---|---|---|---|
| Accepts Sponsors | Estimated Cost per Ad | ||||
Where Dirt Cheap Banks ranks on Google, and how much search traffic it brings in.
| Ranked Keywords | 66 | Monthly Search Traffic | Top Keywords |
|---|
How this newsletter ranks in the official Substack charts.
| #189 |
The writers behind this newsletter.
Community banks are the last bastion of cheap value in the public markets. I find dirt cheap banks and invest in size.
You can find recent issues that have been published by Dirt Cheap Banks on Reletter by scrolling up to where it says Latest Issues. Tap on the link for any of the most recent emails or hit More Issues to see older ones.
To see how many people subscribe to Dirt Cheap Banks, simply upgrade your Reletter account. We provide readership numbers and lots of other stats for this newsletter so you can decide if it's worth reaching out to.
Newsletter advertising can be extremely effective when it's done right. Before you pitch Dirt Cheap Banks as a potential sponsor or partner, make sure that you've done your research and checked its newsletter stats with Reletter.
Then, personalize one of our winning pitching templates and send it to the right person using the contact info provided.
Newsletter ad rates (or CPM) vary depending on many factors, including industry, number of subscribers, open rate, ad placement and more.
To find out how much an ad will cost, contact Dirt Cheap Banks using the contact information provided and ask for a copy of their media kit.
Scroll up to where it says Related Newsletters to see other publications like Dirt Cheap Banks. You can also search our email newsletter directory to discover other newsletters that cover the topics you're interested in.
Reletter provides this newsletter's website URL above, where you will often find their contact information. We also provide links to associated social media accounts and pitching templates so you can reach out fast.