Catalyst Bancorp announces approval of new share repurchase program

Catalyst Bancorp has announced that its Board of Directors approved the company’s third share repurchase plan. According to a filing, “On November 21, 2023, the Registrant’s Board of Directors approved the company’s third share repurchase program. Under the November 2023 Repurchase Plan, the company may purchase up to 240,000 shares, or approximately 5%, of the company’s outstanding common stock. The shares may be purchased in the open market or in privately-negotiated transactions from time to time depending upon market conditions and other factors.”