8-K - CLST - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)	June 23, 2022

Catalyst Bancorp, Inc.

(Exact name of registrant as specified in its charter)


Louisiana	001-40893	86-2411762
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


235 N. Court Street, Opelousas, Louisiana	70570
(Address of principal executive offices)	(Zip Code)


Registrant’s telephone number, including area code	(337) 948-3033

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br><br>

Securities registered pursuant to Section 12(b) of the Act:


Title of each Class	Trading<br>Symbol(s)	Name of each exchange on which registered
Common Stock	CLST	Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01 Other events

On June 23, 2022, St. Landry Homestead Federal Savings Bank (the “Bank”), the wholly-owned subsidiary of Catalyst Bancorp, Inc., announced that it has changed its name to Catalyst Bank. A copy of the related press release issued by the Bank (the “Press Release”) is attached as Exhibit 99.1 to this Current Report on Form 8-K. The Press Release attached hereto is being furnished to the SEC and shall not be deemed “filed” for any purpose except as otherwise provided herein.

ITEM 9.01 Financial Statements and Exhibits

(a)****Not applicable.

(b)****Not applicable.

(c)****Not applicable.

(d)****Exhibits

The following exhibits are included herein:


Exhibit Number		Description
99.1		Press Release, dated June 23, 2022
104		Cover Page Interactive Data File. Embedded within the Inline XBRL document.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		CATALYST BANCORP, INC.

Date:	June 23, 2022	By:	/s/ Joseph B. Zanco
			Joseph B. Zanco
			President and Chief Executive Officer

For Immediate Release

Exhibit 99.1

For more information:

Joe Zanco, President and CEO

(337) 948-3033

For Immediate Release

Release Date: June 23, 2022

St. Landry Homestead Changes Name to Catalyst Bank

Opelousas, Louisiana – St. Landry Homestead Federal Savings Bank (“St. Landry Homestead”), which has proudly served St. Landry Parish and beyond since 1922, announced today it has officially changed its name to Catalyst Bank. The name change comes on the heels of the bank’s mutual to stock conversion this past October and the organization of Catalyst Bancorp, Inc. as its parent holding company.

“Our customers played a key role in helping us raise over $50 million in completing our mutual to stock conversion,” said Joe Zanco, President and Chief Executive Officer. “Their investment has positioned us to serve as a key catalyst for economic growth across Acadiana like never before. Our new name reflects this commitment.”

“Our customers can expect the same incredible service from the same faces they’ve come to know over the years,” said Zanco. “It’s important to us that our community understands our new name is not the result of us merging with another institution. We’re the same bank, and we’re still based right here in St. Landry Parish.”

The new name will not affect the bank’s normal business operations. From a customer perspective, account numbers, PINs, routing numbers, and other account information will remain the same. Debit cards, credit cards and checks will continue to function normally. Debit card customers will be receiving a new card with the same account number and PIN in July. The new bank name and logo are now reflected across our internet and mobile banking platforms. Visitors to stlandryhomestead.com will be automatically redirected to catalystbank.com. New outdoor signage will be highlighted at local branches during a series of ribbon cuttings on June 27.

“We’ve been blessed to serve this community for 100 years,” said Zanco. “As we begin our second century of service, we’re focused on helping businesses grow so they can increase employment and create opportunities for people across our community to better their lives.”

About Catalyst Bank

Catalyst Bank, formerly St. Landry Homestead, has been in operation in the Acadiana region of south-central Louisiana for 100 years. Catalyst Bank offers commercial and retail banking products through its six full-service branches located in Carencro, Eunice, Lafayette, Opelousas, and Port Barre. With a focus on fueling business and improving lives throughout the region, Catalyst Bank is a full-service bank with $287.3 in assets at March 31, 2022, and is a wholly-owned subsidiary of Catalyst Bancorp, Inc. (Nasdaq: CLST). To learn more about Catalyst Bank, visit www.Catalystbank.com.