Fifth District Bancorp Inc., the holding company for Fifth District Savings Bank, announced the authorization of a stock repurchase program for up to 555,947 shares of its common stock. The program represents 10% of the currently outstanding shares and will be conducted on the open market, subject to market conditions and other factors. The company has not guaranteed the number of shares that will ultimately be repurchased and may suspend or discontinue the program at any time.
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