Habersham Bancorp · Cornelia, GA United States ·(NASDAQ (GM): HABC)
Company Description
Phone: 706-778-1000
Fax: 706-778-6886
Toll Free: 800-822-0316
View Habersham Bancorp Locations On A US Map
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This link will open in a new window Habersham Bancorp is the holding company for Habersham Bank, which serves northern Georgia from about a dozen branches. The bank offers checking and savings accounts, IRAs, CDs, and NOW accounts, as well as trust services, credit cards, and asset management. Construction and land development loans account for nearly half of the company's loan portfolio; residential and commercial mortgages are around 40%. Bank subsidiary Advantage Insurers sells property/casualty, life, and business insurance. Habersham Bancorp is active in Forsyth, Cherokee, Gwinnett, Habersham, Hall, Stephens, Warren, and White counties. Chairman Thomas Arrendale III and his family own more than a third of the company. To read the full description, subscribe now.
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Key Habersham Bancorp Financials
| Company Type | Public - NASDAQ (GM): HABC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $16.0 |
| 2008 Employees | 161 |
Habersham Bancorp Executives
10 executives listed for Habersham Bancorp's Cornelia, GA location.
| Title | Name & Bio | Contact |
| Chairman | Thomas Arrendale | Network |
| Vice Chairman | Calvin Wilbanks | Network |
| President, CEO, and Director; Vice Chairman and CEO, Habersham Bank; Chairman, Advantage Insurers | David Stovall | Network |
Competition
Competitive Landscape for Habersham Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Habersham Bancorp Competitors
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