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Habersham Bancorp history
Habersham Bancorp company history timeline
On May 13, 1904, Secretary of State Phillip Cook granted a charter to Habersham Bank (the founders chose the name to signify its mission of serving the entire county), and the bank commenced operations.
On February 13, 1934, the bank's charter was renewed, this time under the newly-established Federal Deposit Insurance Corporation (FDIC), which protected depositors against possible future bank failures.
In 1964, Clarkesville lawyer Steve Frankum, like Robert McMillan submitting the original charter sixty years before, submitted a petition for its renewal, which the state granted.
Tom Arrendale became bank president and chairman of the board, and the Arrendale brothers--Tom and Lee--established Fieldale with a third partner in 1972.
Symbolic of this shift was the establishment in 1980 of a central Habersham Bank location in Cornelia, overlooking Highway 365.
The first merger came on June 30, 1995, when Habersham Bancorp paid $9.2 million for Security Bancorp, based in Canton, Georgia.
On September 9, 1996, Habersham Bancorp acquired a travel agency, Appalachian Travel Services of Cornelia.
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Habersham Bancorp competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Greater Kentucky Credit Union | 1953 | $5.0M | 30 | - |
| Phoenixville Federal Bank &Trust | 1912 | $780,000 | 50 | 4 |
| Ulster Federal Credit Union | - | $970,000 | 50 | - |
| COPOCO Community Credit Union | 1951 | $2.1M | 30 | - |
| Cross Valley FCU | 1969 | $4.4M | 125 | 4 |
| Navigant Credit Union | 1915 | $64.9M | 118 | 22 |
| Austin Telco Federal Credit Union | 1941 | $19.0M | 200 | 14 |
| PEOPLE'S COMMUNITY FEDERAL CREDIT UNION | - | $10.0M | 50 | - |
| Securityplus Federal Credit Union | 1938 | $10.0M | 125 | - |
| Century Federal Credit Union | 1948 | $12.0M | 125 | - |
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Habersham Bancorp may also be known as or be related to HABERSHAM BANCORP and Habersham Bancorp.