Catalyst Bancorp announces share repurchase plan

The company announced that its Board of Directors approved the company’s first share repurchase plan. Under the 2023 Repurchase Plan, the company may purchase up to 265,000 shares, or approximately 5% of the company’s outstanding common stock. Share repurchases under the 2023 Repurchase Plan are expected to commence during the first quarter of 2023 upon the completion of share repurchases to fund the 2022 Recognition and Retention Plan and Trust Agreement.