Catalyst Bancorp (NASDAQ:CLST) (NASDAQ: CLST) is the bank holding company for Catalyst Corporate Federal Bank, a full‐service commercial bank headquartered in Chicago, Illinois. Formed in 2019 through the spin-off of certain operations formerly part of MB Financial, the company offers a wide range of financial products and services to individuals, businesses, and government entities. Catalyst Bancorp’s primary activities include commercial and industrial lending, consumer and residential mortgage lending, treasury and cash management solutions, deposit products and wealth management services.
Commercial banking services are a core focus for Catalyst Bancorp. The company provides financing solutions to small and mid-sized businesses across diverse industries, including real estate, manufacturing, healthcare, professional services and non-profit organizations. Through its Treasury Management division, Catalyst Bancorp delivers payment processing, ACH and wire transfer services, fraud prevention tools and online banking capabilities designed to improve cash flow efficiency and support clients’ day-to-day operations.
On the consumer side, Catalyst Bancorp serves retail customers with a suite of deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit and consumer loans. The company’s mortgage lending arm offers home purchase, refinance and home equity lending options, tailored to meet the needs of homeowners in the Chicago metropolitan area, as well as branches located in the Washington, D.C., and Dallas-Fort Worth markets. Wealth management services, including financial planning and investment advisory solutions, are provided through Catalyst Financial Partners.
Catalyst Bancorp operates under the leadership of Chief Executive Officer Gary T. Phillips and a management team with deep experience in regional banking. The board of directors comprises industry veterans who guide the company’s strategic direction and risk management. With a commitment to personalized service and community engagement, Catalyst Bancorp seeks to support economic growth in the markets it serves while delivering value to its shareholders and clients.
