Catalyst Bancorp, Inc.

Catalyst Bancorp, Inc. is a registered bank holding company that became the parent company of Catalyst Bank (formerly St. Landry Homestead Federal Savings Bank) on October 12, 2021. The company was incorporated in February 2021 as part of St. Landry Homestead's conversion from a mutual to a stock organization. Concurrently with this conversion, Catalyst Bancorp completed its initial public offering, issuing 5,290,000 shares of its common stock. Catalyst Bank is now a wholly owned subsidiary of Catalyst Bancorp. The company's cash flow relies on earnings from the investment of net proceeds from its offering and any dividends received from Catalyst Bank, which are subject to regulatory limitations. Catalyst Bancorp does not own or lease property, instead utilizing the premises, equipment, and furniture of Catalyst Bank. The company employs officers of Catalyst Bank to serve as its own officers and uses the Bank's support staff as needed. As a bank holding company, Catalyst Bancorp is authorized to engage in business activities permitted by applicable laws and regulations, including the potential acquisition of banking and financial services companies.