Catalyst Bancorp, Inc. 8-K

What Happened

• Catalyst Bancorp, Inc. (the holding company for Catalyst Bank) announced on July 14, 2026 that it completed its previously announced acquisition of Lakeside Bancshares, Inc. and its subsidiary Lakeside Bank. The transaction closed under the Merger Agreement dated April 7, 2026.
• Under the deal, Lakeside shareholders received $19.58 per share in cash, totaling $41.1 million. As of March 31, 2026, Lakeside Bank reported $375.7 million in assets, $229.8 million in loans, $277.6 million in deposits, and operated four full‑service branches in Calcasieu Parish, Louisiana.

Key Details

• Transaction closed: July 14, 2026 (8‑K filed same date). Merger Agreement dated April 7, 2026.
• Purchase price: $19.58 per share; aggregate cash consideration of $41.1 million.
• Lakeside Bank financial snapshot (as of 3/31/2026): $375.7M assets, $229.8M loans, $277.6M deposits, 4 branches.
• Filing notes: audited financial statements and pro forma financial information for the acquired business will be filed by amendment within 71 calendar days.

Why It Matters

• The acquisition adds scale and local branch presence in Calcasieu Parish, bringing $375.7M of assets and $277.6M of deposits onto Catalyst’s platform.
• Investors should watch for the pending audited financials and pro forma results (to be filed within 71 days) for the deal’s impact on Catalyst’s earnings, capital ratios, and deposit mix. The press release reporting the closing is included as Exhibit 99.1 to the 8‑K.