AcquisitionsJul 14, 2026, 09:51 AM
Catalyst Bancorp Completes $41.1M Acquisition of Lakeside Bancshares
AI Summary
Catalyst Bancorp, Inc. announced the completion of its previously announced acquisition of Lakeside Bancshares, Inc. and its wholly-owned subsidiary, Lakeside Bank, effective July 14, 2026. Lakeside shareholders received $19.58 per share in cash, totaling $41.1 million. This strategic move expands Catalyst Bank's presence in Southwest Louisiana, increasing its total assets to approximately $620 million and adding four new branch locations.
Key Highlights
- Catalyst Bancorp completed the acquisition of Lakeside Bancshares, Inc. and its subsidiary Lakeside Bank.
- The acquisition was effective as of July 14, 2026.
- Lakeside Bancshares shareholders received $19.58 per share in cash, totaling $41.1 million.
- Lakeside Bank had $375.7 million in assets, $229.8 million in loans, and $277.6 million in deposits as of March 31, 2026.
- The acquisition adds four branch locations in Calcasieu Parish to Catalyst Bank's network.
- Post-acquisition, Catalyst Bank's total assets are approximately $620 million, with $390 million in loans and $478 million in deposits.
Price Impact
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