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CLST-News
CLST-Events
Catalyst Bancorp and Lakeside Bancshares Merger Approved by Shareholders
Catalyst Bancorp and Lakeside Bancshares announced that Lakeside shareholders have approved the pending merger with Catalyst and all required regulatory approvals have been obtained with respect to the previously announced mergers. The mergers are expected to close on or about July 14, subject to the satisfaction or waiver of closing conditions.
Catalyst Bancorp Acquires Lakeside Bancshares for $41.1 Million
Catalyst Bancorp, the parent company for Catalyst Bank, and Lakeside Bancshares, Inc., the parent company for Lakeside Bank, announced the signing of a definitive Agreement and Plan of Share Exchange and Merger under which Catalyst will acquire Lakeside in an all-cash transaction. The Merger Agreement also provides that Lakeside will be merged with and into Catalyst, with Catalyst surviving, and that Lakeside Bank will be merged with and into Catalyst Bank, with Catalyst Bank surviving. Once the transaction closes, Lakeside's shareholders will receive $19.58 per share in cash, or $41.1 million in aggregate, subject to adjustment under certain circumstances.
Catalyst Bancorp Inc Trading Halted, News Pending
Catalyst Bancorp Inc trading halted, news pending
Catalyst Bancorp Plans to Buy Back as Many as 205,000 Shares of Common Stock
Catalyst Bancorp announced that the Board of Directors approved the company's sixth share repurchase plan. Under the November 2025 Repurchase Plan, the company may purchase up to 205,000 shares, or approximately 5%, of the company's outstanding common stock. Since the announcement of the company's first share repurchase plan in January 2023 and through November 18, 2025, the company has repurchased a total of 1,180,817 shares of its common stock, or approximately 22% of the common shares originally issued, at an average cost per share of $11.97.
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