Catalyst Bancorp, Inc. Announces 2024 First Quarter Results and Approval of New Share Repurchase Plan

May 2, 2024

https://www.prnewswire.com/news-releases/catalyst-bancorp-inc-announces-2024-first-quarter-results-and-approval-of-new-share-repurchase-plan-302133796.html

OPELOUSAS, La., May 2, 2024 /PRNewswire/ — Catalyst Bancorp, Inc. (Nasdaq: “CLST”) (the “Company”), the parent company for Catalyst Bank (the “Bank”) (www.catalystbank.com), reported a net loss of $4.7 million for the first quarter of 2024, which includes a $5.5 million loss on the sale of investment securities and $560,000 of data conversion and other expenses associated with the Bank’s upgrade to a new core processing system. 

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