Catalyst Bank completed its merger with Lake Charles-based Lakside Bank, bank officials announced.
The deal extends Catalyst Bank’s presence into Lake Charles, Sulphur and Moss Bluff while strengthening its ability to serve customers throughout southwest Louisiana.
Catalyst Bank now operates 10 branch locations with approximately $620 million in assets, $390 million in loans and $478 million in deposits.
The operational conversion of Lakeside Bank to Catalyst Bank’s core banking system is scheduled for November. Until then Lakeside’s customers will continue banking as they do today while receiving regular updates in preparation for the transition to Catalyst Bank’s digital banking platform.
“By combining our strengths, we are creating a stronger institution with expanded capabilities while preserving the local connection and personal relationships that have defined both banks,” Catalyst president and CEO Joe Zanco said.