Catalyst Bancorp, Inc. 8-K

What Happened

• Catalyst Bancorp, Inc. (parent of Catalyst Bank) and Lakeside Bancshares, Inc. (parent of Lakeside Bank) announced that Lakeside shareholders approved the pending merger and that all required regulatory approvals have been received.
• The mergers (Lakeside into Catalyst and Lakeside Bank into Catalyst Bank) are being completed under the Agreement and Plan of Share Exchange and Merger dated April 7, 2026, with Catalyst and Catalyst Bank continuing as the surviving entities.
• The parties expect the mergers to close on or about July 14, 2026, subject to satisfaction or waiver of remaining closing conditions. A joint press release dated June 26, 2026 is attached as Exhibit 99.1 to the 8-K.

Key Details

• Lakeside shareholders have approved the transaction.
• All required regulatory approvals for the mergers have been obtained.
• Merger Agreement effective date: April 7, 2026.
• Expected closing date: on or about July 14, 2026 (subject to closing conditions).

Why It Matters

• The filings confirm the deal has passed shareholder and regulatory hurdles and is on track to close, which may affect Catalyst’s scale, branch footprint and combined financials once completed.
• Catalyst highlights potential benefits and also includes forward-looking cautionary language: the realization of expected synergies, timing of benefits, integration success, and satisfaction of closing conditions are not guaranteed. Investors should review Catalyst’s risk disclosures in its SEC filings (10-K, 10-Q, other 8-Ks) for more detail.