Catalyst Bancorp, Inc. filings document the formal reporting record for the parent company of Catalyst Bank. The company’s 8-K reports furnish quarterly results and financial condition updates, including loan portfolio composition, deposit categories, net interest trends, and related exhibits from earnings releases.
Other filings cover capital-structure and governance matters, including common stock repurchase authorizations, annual meeting proxy materials, shareholder voting matters, board and audit committee disclosures, and changes in the company’s independent registered public accounting firm.
Catalyst Bancorp, Inc. (CLST) reported third-quarter 2026 net income of $978,000, or $0.27 per diluted share, up $454,000, or 87%, from the second quarter. Net interest income was $5.2 million, up $2.6 million, or 99%, while net interest margin was 3.73%, down 13 basis points from the prior quarter. Reported non-GAAP diluted earnings per share was $0.51.
Catalyst completed its acquisition of Lakeside Bancshares, Inc. on July 14, 2026. At September 30, loans were $383.5 million and deposits were $475.5 million; deposits rose $279.2 million, or 142%, from June 30, primarily due to the acquisition. Non-performing loans were $4.4 million, up $2.1 million, or 91%, from June 30, primarily because of a purchased credit deteriorated commercial real estate loan acquired through Lakeside. Most anticipated acquisition cost savings are expected following the planned November systems conversion.
Catalyst Bancorp (CLST) completed its previously announced acquisitions of Lakeside Bancshares, Inc. and its wholly owned subsidiary, Lakeside Bank, on July 14, 2026. This amendment adds the acquired businesses’ audited 2025 and 2024 financial statements, unaudited statements for the quarter ended March 31, 2026, and unaudited pro forma combined financial statements.
Lakeside Bancshares reported net income of $1,875,898 for 2025, compared with $1,537,772 for 2024. Net cash provided by operating activities was $1,540,872 in 2025, compared with $1,772,109 in 2024. For the quarter ended March 31, 2026, it reported net income of $552,000, compared with $396,000 a year earlier. The pro forma information is for informational purposes only, not a representation of actual combined historical results or a projection; purchase-accounting fair-value assessments are preliminary, and actual results may differ materially from their assumptions.
Catalyst Bancorp, Inc. (CLST) director Kleiser Kirk E. exercised stock options on September 16, 2026 to acquire 16,928 shares of common stock at an exercise price of $13.30 per share and 529 shares at $12.08 per share. After these exercises, he continues to hold stock options covering 2,645 underlying shares at an exercise price of $15.96 per share expiring June 10, 2036, as well as indirect holdings of 20,099, 4,100, and 900 common shares through his IRA and his spouse’s accounts. No Rule 10b5-1 trading plan is reported for these transactions.
Catalyst Bancorp, Inc., through its wholly owned subsidiary Catalyst Bank, entered into three-year employment agreements with Chief Operations Officer Amanda Quebedeaux and Chief Financial Officer Jacques Bourque, effective September 13, 2026 and expiring September 12, 2029, unless renewed or extended by the board.
Quebedeaux’s agreement provides a base salary of $162,500, and Bourque’s agreement provides a base salary of $117,500, each subject to potential increases at the Catalyst Bank board’s discretion. If either executive is involuntarily terminated, or resigns for defined “good reason,” they are entitled to a lump-sum severance equal to 12 months of base salary and up to 12 months of continued health insurance, subject to a release of claims. Upon certain terminations in connection with a change in control, they are entitled to a similar 12‑month salary severance based on the higher of salary at change in control or termination, plus up to 12 months of health coverage. If employment ends due to death, the executive’s estate or beneficiary receives 12 weeks of base salary and continued family health coverage for the same period.
Catalyst Bancorp, Inc. (CLST) director, president and CEO Joseph B. Zanco reported a disposition of 1,158 shares of Common Stock on September 1, 2026, at $17.81 per share, described as a payment of tax liability by delivering or withholding shares from a stock benefit plan distribution.
After this tax-withholding disposition, he holds 37,002 Common shares directly, plus additional indirect holdings through a spouse, 401(k) plan, ESOP, and IRA, and maintains several stock option awards covering underlying shares at exercise prices between $12.08 and $15.96.
Catalyst Bancorp, Inc. (CLST) reported that its chief financial officer, Jacques L.J. Bourque, had 131 shares of common stock withheld on September 1, 2026 at $17.81 per share to pay tax obligations arising from a stock benefit plan distribution. After this tax-withholding disposition, he holds 4,335 common shares directly, plus additional indirect holdings through a 401(k) plan, an employee stock ownership plan and custodial accounts, and retains unexercised stock options over 11,000 shares with exercise prices between about $12 and $16.
Catalyst Bancorp, Inc. (CLST) reported that Chief Operations Officer Amanda B. Quebedeaux had 553 shares of common stock withheld on September 1, 2026 at $17.81 per share to pay tax obligations related to a stock benefit plan distribution. After this, she directly holds 9,579 common shares and also has indirect holdings through the employee stock ownership plan, plus several option awards that vest over time.
Catalyst Bancorp, Inc. (CLST) is the subject of an anticipated proxy solicitation by Joseph Stilwell and affiliated investment entities for the 2027 annual meeting of shareholders. Stilwell and the other participants plan to file a preliminary proxy statement and use a universal proxy card to solicit support for a business proposal and the election of Stilwell’s director nominee.
Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., and Stilwell Partners, L.P. together report 364,085 shares of common stock of Catalyst Bancorp that may be deemed beneficially owned through Stilwell Value LLC and Joseph Stilwell. Individual participants include Joseph Stilwell, Mark D. Alcott, and Corissa B. Porcelli. The group states that detailed proxy materials will be provided to shareholders and available from the SEC.
Catalyst Bancorp, Inc. (CLST) is the subject of this third amendment to a Schedule 13D by the Stilwell Group and nominee Mark D. Alcott. The group reports beneficial ownership of 364,085 shares of common stock, representing 9.0% of the 4,033,791 shares outstanding as of August 12, 2026. Alcott directly owns an additional 1,000 shares, or 0.02%.
The filers state their purpose is to profit from appreciation in Catalyst Bancorp’s stock by asserting shareholder rights and express the view that the company’s asset value is not adequately reflected in the current share price. They have notified the company of their intent to nominate Mark D. Alcott as director at the 2027 annual meeting, with Corissa B. Porcelli as alternate, and have entered into nominee agreements covering expense reimbursement and indemnification.
The group has also submitted a non-binding “Sale Proposal” asking shareholders to approve a request that the board take all necessary steps to promptly effectuate a sale of Catalyst Bancorp. In connection with Alcott’s nomination, the Stilwell entities granted him an option to purchase up to 50,000 shares of common stock beneficially owned by the group at a price of $17.37 per share, vesting the day after the 2027 annual meeting.
Catalyst Bancorp, Inc. (CLST) disclosed that its wholly owned subsidiary, Catalyst Bank, entered into a new employment agreement with President and Chief Executive Officer Joseph B. Zanco effective August 17, 2026, replacing his prior agreement and running through August 17, 2029, with potential extensions subject to board review.
The agreement provides a base salary of $350,000, potential discretionary increases, and eligibility for the maximum allocation currently set at 25% of the stock option and restricted stock compensation pools. Mr. Zanco also receives $500,000 in additional life insurance and a supplemental benefit of $750,000 vesting over 15 years under a prior Restricted Executive Benefit Agreement.
If employment is involuntarily terminated without cause or for specified “good reason,” Mr. Zanco is entitled to a lump-sum severance equal to 12 months of base salary and continued health coverage for up to 12 months, subject to a release. If such a termination occurs on or within 30 days after a change in control, severance increases to a lump sum equal to 36 months of the greater of base salary at the change in control or termination, plus up to 36 months of health coverage. Upon death, his estate would receive 12 weeks of base salary and continued family health coverage for the same period.