CLST news

Catalyst Bancorp reported a 87% increase in Q3 net income driven by a successful acquisition of Lakeside Bancshares. The company anticipates further profitability improvements and cost savings following a Nov. systems conversion.

Catalyst Bancorp announced it entered into an employment agreement with Amanda Quebedeaux to serve as Chief Operations Officer, effective September 13, 2026.

Catalyst Bank entered into an Employment Agreement with Joseph Zanco to serve as President and Chief Executive Officer effective August 17, 2026.

In Q2 2026, Catalyst Bancorp posted $524,000 net income via diluted EPS of $0.14, while also converting a $5 million construction loan. The results were impacted by merger-related costs from the Lakeside acquisition.

Catalyst Bancorp closed its $41.1 million acquisition of Lakeside Bancshares on July 14, boosting total assets to roughly $620 million. The deal adds four Southwest Louisiana branches and enhances the bank's community focus.

Lakeside shareholders and regulators have approved the transaction, allowing Catalyst to complete the merger on July 14.