Catalyst Bancorp, Inc. Completes Acquisition of Lakeside Bancshares, Inc.
Catalyst Bancorp completed its acquisition of Lakeside Bancshares in an all-cash transaction valued at $41.1 million, or $19.58 per share. The deal, effective July 14, 2026, increases Catalyst Bank's total assets to approximately $620 million and adds four branches in Calcasieu Parish to its network.
Key figures
- Deal Value Usd
- 41100000
- Branches added
- 4
- Lakeside assets
- $375.7 million
- Pro forma loans
- $390 million
- Pro forma assets
- $620 million
- Pro forma deposits
- $478 million
- Per share cash price
- $19.58
AI analysis
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