Catalyst Bancorp, Inc. operates as a bank holding company. The company is headquartered in Opelousas, Louisiana and currently employs 50 full-time employees. The company went IPO on 2021-10-13. The Bank federally chartered community-oriented savings bank serving the banking needs of customers in the Acadiana region of south-central Louisiana. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. Its principal sources of funds are customer deposits, repayments of loans, maturities of investments and funds borrowed from outside sources such as the Federal Home Loan Bank (FHLB) of Dallas. These funds are primarily used for the origination of loans, including single-family residential first mortgage loans, commercial real estate mortgage loans, multi-family residential mortgage loans, commercial and industrial loans, construction and land loans and other loans. The Bank serves its customers through approximately six full-service branches located in Carencro, Eunice, Lafayette, Opelousas, and Port Barre.