Inside 'Project Yellow Hammer': FB Financial’s Deal for Southern States

It took several months, and a brief pause, for the Tennessee bank to reach a deal for Southern States Bancshares for nearly $400 million.

Hello, Bank Slaters!

Hoping the week is off to a great start. I saw the regulatory filing for FB Financial-Southern States Bancshares and thought I’d put something short together about it. I must admit, my interest in the deal largely centered on the codename that was divulged in the URL for one of the documents shared when the deal was announced.

Take a look—and learn why this deal was called “Project Yellow Hammer.”