Mergers & Acquisitions ·
Catalyst Bancorp completes acquisition of Lakeside Bancshares for $41.1 million in cash
CLSTCatalyst Bancorp, Inc.
Catalyst Bancorp, Inc. completed the acquisition of Lakeside Bancshares, Inc. and its subsidiary, Lakeside Bank, on July 14, 2026. Shareholders of Lakeside Bancshares received $19.58 in cash per share, totaling $41.1 million in aggregate. Lakeside Bank held $375.7 million in assets, $242.8 million in loans, and $277.6 million in deposits as of March 31, 2026. Catalyst Bancorp, Inc. is a holding company for Catalyst Bank, providing banking and financial services.