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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Habersham Bancorp Inc (CE) | USOTC:HABC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00001 | 0.00 | 01:00:00 |
Georgia | 0-13153 | 58-1563165 | ||
(State or Other
Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer
Identification No.) |
| The FDIC entered into a purchase and assumption agreement with SCBT National Association of Orangeburg, South Carolina (SCBT) to assume all of the deposits of the Bank. Accordingly, all depositors of the Bank, including those with deposits in excess of the FDICs insurance limits, will automatically become depositors of SCBT for the full amount of their deposits, and they will continue to have uninterrupted access to the Banks deposits. Depositors will continue to be insured with SCBT, so there is no need for customers to change their banking relationship to retain their deposit insurance. | ||
| Beginning on Saturday, February 19, 2011, the offices of the Bank will open for business as branches of SCBT under the name Habersham Bank. | ||
| In addition to assuming all of the deposits of the Bank, SCBT purchased essentially all of the Banks assets pursuant to a loss-share transaction of approximately $270.7 million of the Banks assets. The loss-share transaction provides for SCBT and the FDIC to share in the losses on the assets covered under this agreement. | ||
| Customers who have questions about the foregoing matters, or who would like more information about the closure of the Bank, can visit the FDICs web site located at http://www.fdic.gov/bank/individual/failed/habersham.html, or call the FDIC toll-free at (866) 806-6128. |
Exhibit | Description | |
99.1
|
Press release, dated February 18, 2011. | |
|
||
99.2
|
Letter to shareholders, dated February 21, 2011. |
HABERSHAM BANCORP
|
||||
Date: February 22, 2011 | By: | /s/ David D. Stovall | ||
David D. Stovall | ||||
Chief Executive Officer |
Exhibit | Description | |
99.1
|
Press release, dated February 18, 2011. | |
99.2
|
Letter to shareholders, dated February 21, 2011. |
1 Year Habersham Bancorp (CE) Chart |
1 Month Habersham Bancorp (CE) Chart |
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