January 16, 2007

Habersham Bank Expanding Branch Network

David D. Stovall, President and CEO of Habersham Bancorp, announced this week that the company has expanded its network of Habersham Bank branches in North Georgia.The bank’s newest branch opened on January 9 in Cumming, Georgia, resulting in a total of eleven branch offices in seven counties.

Stovall said in his announcement, “This is an exciting time for our company, and we are pleased to add an additional branch location for the convenience of our customers. The community has been very supportive, and we look forward to expanding existing relationships and building new ones in this market.” Eddy Ariail, President of Habersham Bank, added, “We are very proud of our newest office in Cumming and would like to thank the Chamber of Commerce and the community for the warm welcome they’ve given us. The people of Habersham Bank, both individually and corporately, will add tremendous value to the community, and we look forward to growing along with Cumming and Forsyth County.”

In the 2006-2007 Book of Lists, just published, Habersham Bancorp is listed at number 126 of all public companies in Georgia, ranked by revenue. Earlier this year, Habersham Bancorp was named one of Georgia’s Top 100 public companies in the “Best of Business 2006” rankings of publicly traded companies headquartered in Georgia based on 2005 financial performance.   

Habersham Bancorp owns Habersham Bank, which is headquartered in Clarkesville and has offices in Cornelia, Baldwin, Braselton, Cleveland, Canton, Cumming, Eastanollee, Hickory Flat, Warrenton and Toccoa. Habersham Bank also owns Advantage Insurers, Inc., an insurance agency subsidiary headquartered in Cornelia and Habersham Mortgage, a full-service mortgage banking company.  The company’s stock is listed on the Nasdaq National Market under the symbol HABC, and the company’s internet address is www.habcorp.com.