Catalyst Bancorp Inc and Lakeside Bancshares Inc LA have announced that they have successfully obtained the necessary shareholder approvals and regulatory permissions for their upcoming merger transaction.

This key development marks that the integration process of the two financial institutions has entered a decisive stage. Shareholder support and regulatory approval have removed major obstacles for the final completion of the merger plan. According to relevant arrangements, once the remaining customary closing conditions are met, the merger is expected to be completed as scheduled. This move aims to enhance the market competitiveness and service capabilities of the merged entity by integrating resources and business networks.