Catalyst Bancorp signs new 3-year CEO employment agreement with Joseph Zanco

Catalyst Bancorp, Inc.

Term Aug 17, 2026 to Aug 17, 2029; base salary $350,000, subject to board increases.
Severance: 12 months base salary for termination without cause/good reason; 36 months if within 30 days after change in control.
Benefits: $500k life insurance, $750k SERP vesting over 15 years, max stock allocation (25% of pools).
Perks: $1,500/month vehicle allowance, $150/month phone allowance, 36 days PTO annually.

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