Cornelia, Georgia - March 19, 2007

Stovall Named One of Georgia's Top CEO's

David D. Stovall, President and CEO of Habersham Bancorp, was named this week as one of Georgia's Top-Performing CEO's in a special report published by The Atlanta Business Chronicle. This report lists the CEO's of Georgia's public companies who produced the greatest stockholder return over five years. Rankings were based on shareholder return as reported to the Securities and Exchange Commission during a recent five-year period, 2000-2001 to 2005-2006. Top performers were grouped according to the size of the company, based on 2005 annual revenue. Stovall was listed at number 13 on the Top Performer List for companies with annual revenue of $99 million or less.

Stovall has been the President and Chief Executive Officer of Habersham Bancorp since 1989. He is active in the Rotary Club of Habersham County and has held leadership positions within Rotary International. He also serves on the Board of the Georgia Mountains Regional Development Center (GMRDC) and is a licensed private pilot.

Habersham Bancorp owns Habersham Bank, which is headquartered in Clarkesville and has full-service offices located in Cornelia, Baldwin, Braselton, Cleveland, Canton, Cumming, Eastanollee, Hickory Flat, Toccoa and Warrenton. 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.