Exhibit 23.2

March 11, 2021

Boards of Directors
Catalyst Bancorp, Inc.
St. Landry Homestead Federal Savings Bank
235 N. Court Street

Opelousas, Louisiana 70570

Members of the Boards Directors:

We hereby consent to the use of our firm’s name in the Form AC Application for Conversion, and any amendments thereto, to be filed with the Office of the Comptroller of the Currency, and in the Registration Statement on Form S-1, and any amendments thereto, to be filed with the Securities and Exchange Commission. We also hereby consent to the inclusion of, summary of and references to our Valuation Appraisal Report and any Valuation Appraisal Report Updates and our statement concerning subscription rights in such filings including the prospectus and proxy statement/prospectus of Catalyst Bancorp, Inc. We also consent to the reference to our firm under the heading “Experts” in the prospectus and proxy statement/prospectus.

Sincerely,

RP^® FINANCIAL, LC.

 

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