Core Viewpoint - Fifth District Bancorp, Inc. has authorized a stock repurchase program for up to 555,947 shares, which represents 10% of the currently outstanding shares [1]. Group 1: Stock Repurchase Program - The company plans to conduct the repurchases on the open market, utilizing a trading plan under SEC Rule 10b5-1, subject to market conditions [2]. - There is no guarantee regarding the number of shares that may ultimately be repurchased, and the company reserves the right to suspend or discontinue the program at any time [2]. Group 2: Company Background - Fifth District Savings Bank, originally chartered in 1926, is a federally-chartered stock savings bank operating from its main office and six branch offices located in Orleans, St. Tammany, and Jefferson Parishes [3].