Fifth District Bancorp IPO to close July 31; shares to trade on Nasdaq Aug 1 under FDSB

Fifth District Bancorp, Inc.

Mutual-to-stock conversion and IPO expected to close July 31, 2024, after regulatory approvals and member vote.
Company will sell 5,459,473 shares at $10.00 each for gross proceeds of ~$54.6 million, including 444,758 ESOP shares.
100,000 shares issued to Fifth District Community Foundation; total outstanding shares will be 5,559,473.
Trading on Nasdaq Capital Market under symbol FDSB to begin August 1, 2024.
Subscription and community offerings closed June 18 and July 8; all valid orders filled per prospectus limits.

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