Tranche Update on Catalyst Bancorp, Inc.'s Equity Buyback Plan announced on November 22, 2023.
May 02, 2024 at 03:19 pm EDT
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From January 1, 2024 to March 31, 2024, the company has repurchased 202,997 shares, representing 4.63% for $2.46 million. With this, the company has completed the repurchase of 214,671 shares, representing 4.9% for $2.59 million under the buyback announced on November 22, 2023.
Catalyst Bancorp, Inc. is a bank holding company for Catalyst Bank (the Bank). The Bank is a federally chartered community-oriented savings bank. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bankâs principal sources of funds are customer deposits, repayments of loans, maturities of investments and funds borrowed from outside sources, such as the Federal Home Loan Bank (FHLB) of Dallas or the Federal Reserve Bank of Atlanta. These funds are primarily used for the origination of loans, including single-family residential first mortgage loans, commercial real estate mortgage loans, multi-family residential mortgage loans, commercial and industrial loans, construction and land loans and other loans. The Bank offers commercial and retail banking products through its six full-service branches located in Carencro, Eunice, Lafayette, Opelousas, and Port Barre.
CATALYST BANCORP, INC. 
