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Fifth District Savings Bank is a community bank founded in 1926 serving the New Orleans area with checking, savings, debit cards, residential loans, and FDIC-insured deposits.
Data compiled from public sources
Fifth District Savings Bank has been operating as one of the oldest community banks in the New Orleans area since its founding in 1926, making it a century-old financial institution with deep local roots. The bank serves its community with a focus on personalized, local service rather than national chain banking. They emphasize their status as a community bank with local lenders available to assist customers through financial decisions.
The bank offers a range of retail banking services including free checking accounts, savings accounts with rate claims to verify, debit cards with chip technology, residential loans (purchase, construction, and renovation), online banking, loan payment services, and card statement access. They provide FDIC insurance protection on deposits up to maximum allowed limits and actively promote rate calculators and coverage calculators to help customers understand their financial options.
Fifth District distinguishes itself primarily through its community-oriented positioning and longevity—celebrating 100 years of operation. They emphasize local decision-making, personal relationships with lenders, and a commitment to knowing their customers. The bank also provides employee benefits including 401K with profit sharing, ESOP participation, tuition reimbursement, and health/dental/vision insurance, suggesting operational stability and investment in workforce retention.
As a traditional community bank, Fifth District serves customers seeking local banking relationships and personalized service rather than digital-first or fintech solutions. However, the website provides limited detail on specific product features, rates, fees, or competitive advantages beyond the community bank positioning. Prospective customers should compare their specific rates and loan terms against regional and national competitors before making decisions.
This is state-level context for Banks consumers in New Orleans, LA. It does not confirm that Fifth District Savings Bank or this specific location is licensed.
State regulator
Louisiana Office of Financial Institutions
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Fifth District Savings Bank processed 83 mortgage applications in 2023, with 85.5% recorded as approved across 1 states.
83
Applications
85.5%
Approval Rate
$382K
Avg Loan
1
States Served
Based on 83 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Fifth District Savings Bank offers 12 services including Free checking accounts with promotional gifts, Savings accounts with competitive rates, FDIC-insured deposit accounts, Residential mortgages (purchase, construction, renovation), Debit cards with chip technology, and 7 more.
Fifth District Savings Bank has profile signals associated with New Orleans-area residents seeking traditional community banking with local decision-making, Home buyers or property owners interested in residential loans with personalized lender relationships, Customers prioritizing FDIC insurance protection and established institutional stability, People who value in-person banking relationships over digital-only financial services.
Key strengths: FDIC-insured deposits with full U.S. government backing, up to maximum coverage limits; Free checking account with promotional gifts for opening and referrals; 100 years of operational history since 1926, indicating stability and local market knowledge. Areas to consider: Website provides limited information on specific interest rates, APYs, or fee structures; Residential loan products appear to be the primary credit offering; personal loans not prominently mentioned.
In the Banks category, comparable providers include Abbeville Building & Loan (a State-Chartered Savings Bank), American Bank, American Bank & Trust Company. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Fifth District Savings Bank is profile signals for New Orleans-area customers seeking a traditional community banking experience with local relationships, FDIC-insured deposits, and residential lending. The primary caveat is the limited product information available online and apparent geographic restriction to the New Orleans region, plus lack of competitive detail on rates and fees compared to regional and national alternatives.
State-chartered mutual savings bank in Louisiana specializing in residential mortgages and deposit products since 1890. FDIC-insured with online banking.
Profile signals: Louisiana residents seeking both residential mortgage and deposit products from a community-focused bank, First-time homebuyers in Vermilion Parish with limited down payment savings
Community-focused bank in Louisiana offering personal and commercial banking services, with recognition as the #1 SBA lender in the state by loan count and volume.
Profile signals: Small business owners in Louisiana seeking SBA loans and listed commercial financing, Louisiana residents wanting personal relationships with local bankers and community-focused service
Community bank operating in Louisiana since 1958, offering checking, savings, loans, and credit/debit cards with a focus on personal service.
Profile signals: Small business owners in south-central Louisiana seeking community bank relationships, Individuals in Louisiana branch areas prioritizing in-person service and local decision-making
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