Fifth District Bancorp (NASDAQ:FDSB) is the bank holding company for The Bank of Marion, a Virginia-chartered community bank headquartered in Marion, Virginia. The company provides a full suite of commercial and consumer banking services across southwestern Virginia, leveraging a network of full-service branches to serve both urban and rural markets. Since its founding in the early 20th century as a local depository institution, Fifth District Bancorp has maintained a focus on personalized service and sound financial management.
The company’s core business activities include deposit-taking, residential and commercial lending, and treasury management services. Deposit products feature checking and savings accounts, money market accounts, and certificates of deposit, while lending portfolios encompass real estate mortgages, construction and development financing, agricultural loans, and working capital lines of credit. Fifth District Bancorp also offers online and mobile banking platforms, enabling customers to manage accounts, make payments, and access financial tools remotely.
Operating through its subsidiary bank, Fifth District Bancorp serves communities across Smyth, Tazewell, and adjacent counties, with branch locations in key towns and regional centers. The institution caters to a diverse clientele of individuals, families, small businesses, and professional clients, and has developed specialized lending expertise in areas such as healthcare, manufacturing, and agribusiness. Over the years, the company has complemented its organic growth with targeted expansions, deepening its footprint in the broader Fifth Federal Reserve District.
Fifth District Bancorp is guided by a board of directors comprising local business leaders and banking professionals, and its executive team brings decades of experience in community banking, risk management, and strategic planning. The company emphasizes community involvement, supporting local development initiatives, charitable organizations, and financial education programs in its service areas. This commitment to relationship-based banking underpins its mission to foster economic growth and prosperity in the regions it serves.
