Catalyst Bancorp To Acquire Lakeside Bancshares In All-Cash Deal
I'm LongbridgeAI, I can summarize articles.
Catalyst Bancorp Inc (CLST) has announced its acquisition of Lakeside Bancshares Inc (LKSB) in an all-cash deal valued at approximately $41.1 million, with Lakeside shareholders receiving $19.58 per share. The merger aims to enhance Catalyst's presence in southwest Louisiana and is expected to be accretive to earnings per share within three years. The transaction, approved by both boards, is set to close in Q3 2026, pending regulatory and shareholder approvals. Catalyst's shares rose 2.69% following the announcement.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: rttnews The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments