Catalyst Bancorp, Inc. Announces Executive Changes
February 02, 2022 at 08:00 am EST
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Catalyst Bancorp, Inc., the parent company for St. Landry Homestead Federal Savings Bank (the "Bank") announced that Jacques Bourque, CPA, has been named Chief Financial Officer ("CFO") of the Company and Bank. Mr. Bourque joined the company as Treasurer in October 2021. Previously, he served as Senior Accountant for Home Bank, N.A., where he played a key role in financial reporting and analysis. He graduated summa cum laude with a bachelor's degree in accounting from Louisiana State University and a master's degree in business administration from the University of Louisiana at Lafayette. He is an officer for the Acadiana Chapter of the Society of Louisiana Certified Public Accountants and serves as the Emerging CPA Council Representative for the chapter. Jutta Codori, the Company and Bank's previous CFO, will transition into the Senior Administrative Officer role where she will focus on human resource management and Board of Director's administrative duties.
Catalyst Bancorp, Inc. is a bank holding company for Catalyst Bank (the Bank). The Bank is a federally chartered community-oriented savings bank. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bankâs principal sources of funds are customer deposits, repayments of loans, maturities of investments and funds borrowed from outside sources, such as the Federal Home Loan Bank (FHLB) of Dallas or the Federal Reserve Bank of Atlanta. These funds are primarily used for the origination of loans, including single-family residential first mortgage loans, commercial real estate mortgage loans, multi-family residential mortgage loans, commercial and industrial loans, construction and land loans and other loans. The Bank offers commercial and retail banking products through its six full-service branches located in Carencro, Eunice, Lafayette, Opelousas, and Port Barre.