Catalyst Bancorp to acquire Lakeside Bancshares for $41.1M ($19.58/sh) all-cash

Catalyst Bancorp, Inc.

Catalyst Bancorp (CLST) to acquire Lakeside Bancshares (LKSB) for $19.58/share, $41.1M aggregate cash.
Transaction expected to close Q3 2026, subject to shareholder and regulatory approvals.
Combined pro forma assets ~$627M, loans ~$400M, deposits ~$470M.
Deal >180% EPS accretive once cost savings realized; TBV accretive within 3 years.
No additional capital needed; leverage ratio ~10.4%, total risk-based capital ~15.4% post-close.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Catalyst Bancorp, Inc. entered into Agreement and Plan of Share Exchange and Merger with Lakeside Bancshares, Inc. valued at $19.58 in cash per share, or $41.1 million in aggregate (effective 2026-04-07).

Action: entry
Agreement: merger
Counterparty: Lakeside Bancshares, Inc.
Value: $19.58 in cash per share, or $41.1 million in aggregate
Effective: 2026-04-07

Exact text from the filing

On, April 7, 2026, Catalyst Bancorp, Inc., a Louisiana corporation ("Catalyst Bancorp"), and Catalyst Bank, a federally-chartered savings bank and wholly-owned subsidiary of Catalyst Bancorp, entered into an Agreement and Plan of Share Exchange and Merger (the “Merger Agreement”) with Lakeside Bancshares, Inc., a Louisiana corporation ("Lakeside Bancshares"), and Lakeside Bank, a Louisiana banking corporation and the wholly-owned subsidiary of Lakeside Bancshares.

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Catalyst Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001849867-26-000005

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