Catalyst Bancorp completes $52.9M IPO and mutual-to-stock conversion; shares to trade on Nasdaq under CLST

Catalyst Bancorp, Inc.

Sold 5,290,000 shares at $10.00/share for gross proceeds of approximately $52.9 million.
Mutual-to-stock conversion of St. Landry Homestead Federal Savings Bank closed on October 12, 2021.
Shares expected to begin trading on Nasdaq Capital Market on October 13, 2021 under ticker CLST.
At June 30, 2021, the Bank had total assets of $238.6M, deposits $177.9M, and equity $50.7M.
Subscription and community offerings fully filled; oversubscribed community offering subject to allocation.

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