Catalyst Bancorp to Acquire Lakeside Bancshares

Catalyst Bancorp, Inc. has entered into a definitive agreement with Lakeside Bancshares, Inc. for a share exchange and merger. The filing includes an Agreement and Plan of Share Exchange and Merger among Catalyst Bancorp, Catalyst Bank, Lakeside Bancshares, and Lakeside Bank.

The transaction contemplates a share exchange plus corporate and bank mergers, with an “effective time” concept and provisions covering conversion of Lakeside common stock, delivery of share exchange consideration, and related tax consequences. The agreement also includes regulatory matters, conditions precedent, and termination provisions, including a termination fee.