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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): MARCH 4, 1997
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(FEBRUARY 25, 1997)
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HABERSHAM BANCORP
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(Exact name of registrant as specified in charter)
GEORGIA 0-13153 58-1563165
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
HIGHWAY 441 NORTH, P.O. BOX 1980, CORNELIA, GEORGIA 30531
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (706) 778-1000
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NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On February 25, 1997, the Company replaced its existing independent
public accounting firm, Deloitte & Touche LLP ("Deloitte"), with KPMG Peat
Marwick. Neither of Deloitte's reports on the Company's financial statements for
the years ended December 31, 1995 or 1996 contained an adverse opinion or a
disclaimer of opinion or was qualified or modified as to uncertainty, audit
scope or accounting principles. The change of accountants was approved by the
Board of Directors. The Company had no disagreements with Deloitte during any of
the years ended December 31, 1995 or 1996 or during the interim period through
February 25, 1997 (date of dismissal) on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure that
would have caused that firm to make reference to the subject disagreement if it
had not been resolved to Deloitte's satisfaction.
ITEM 7. EXHIBITS
The following exhibit is attached to this Report:
Exhibit 16: Letter from Deloitte & Touche LLP to the Company
dated February 28, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HABERSHAM BANCORP
By: /s/ David D. Stovall
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David D. Stovall
President and Chief Executive Officer
Date: 2/25/97
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EXHIBIT 16
LETTER ON CHANGE OF CERTIFYING ACCOUNTANT
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Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K of Habersham
Bancorp dated March 4, 1997.
/s/ Deloitte & Touche LLP
Atlanta, Georgia
February 28, 1997
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