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StocksMedium•16 April 2026•

1 min read

Catalyst Bancorp to Acquire Lakeside Bancshares in $41 Million Cash Deal

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Key Facts

1Catalyst Bancorp agreed to acquire Lakeside Bancshares in an all-cash transaction valued at $41 million.

2Lakeside Bank will be merged into Catalyst Bank as part of the share exchange and merger agreement.

Catalyst Bancorp (CLST) has announced a definitive agreement to acquire Lakeside Bancshares (LKSB) in an all-cash transaction valued at approximately $41 million. Under the terms of the merger agreement, Lakeside Bank will be fully integrated into Catalyst Bank, expanding the firm's regional banking footprint. This strategic acquisition is designed to enhance Catalyst Bank's market presence and consolidate its operations within the sector. The deal represents a significant growth move for Catalyst Bancorp while providing a liquidity event for Lakeside shareholders at a defined cash price. Industry analysts view the consolidation as a step toward improved operational efficiency and a broader customer base. The transaction remains subject to customary regulatory approvals and closing conditions typical of banking mergers.