About Catalyst Bancorp

Catalyst Bancorp, Inc. is a Louisiana-based company established on February 26, 2021, through the registration by St. Landry Homestead Federal Savings Bank. The issuance of common stock by Catalyst Bancorp facilitated the conversion of St. Landry Homestead Federal Savings Bank from a mutual savings bank to a stock savings bank. Upon completion of this conversion, Catalyst Bancorp will hold all issued shares of St. Landry Homestead Federal Savings Bank, thereby becoming the savings and loan holding company for the bank. St. Landry Homestead Federal Savings Bank, a federally chartered, community-focused savings bank originally founded in 1922, is headquartered in Opelousas, Louisiana. Its primary business involves attracting public deposits and investing these funds into loans and securities. The bank’s main sources of funding include customer deposits, loan repayments, the maturity of investments, and borrowings from external sources such as the Dallas Federal Home Loan Bank (FHLB). These funds are predominantly used to originate various types of loans, including single-family residential first mortgages, commercial real estate mortgages, multi-family residential mortgages, commercial and industrial loans, as well as construction and land loans. The bank's revenues primarily come from interest earned on loans and investment securities, supplemented to a lesser extent by fees related to loan origination and deposit account services. Its major expenses consist of interest paid on deposits and borrowings, along with general operating costs. For more information, visit the company website at http://www.catalystbank.com. Company Address: 235 N. Court Street Opelousas, Louisiana 70570