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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
HABERSHAM BANCORP
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
404459109
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 pages
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SCHEDULE 13G
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CUSIP NO. 404459109
<TABLE>
<CAPTION>
<S> <C> <C> <C>
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cyndae Arrendale Bussey
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
N/A (b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF
SHARES 25,000
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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6 SHARED VOTING POWER
485,000*
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7 SOLE DISPOSITIVE POWER
25,000
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8 SHARED DISPOSITIVE POWER
485,000*
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
510,000*
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.2%
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12 TYPE OF REPORTING PERSON
IN
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</TABLE>
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SCHEDULE 13G
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ITEM 1(a). NAME OF ISSUER:
Habersham Bancorp
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
P.O. Box 1980
Highway 441 North
Cornelia, Georgia 30531
ITEM 2(c). NAME OF PERSON FILING:
Cyndae Arrendale Bussey
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
P.O. Box 558
Baldwin, Georgia 30511
ITEM 2(c). CITIZENSHIP:
United States of America
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $1.00 par value
ITEM 2(e). CUSIP NUMBER:
404459109
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
ITEM 4. OWNERSHIP:
(a) Amount beneficially owned: 510,000*
(b) Percent of class: 21.2%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: 25,000
(ii) shared power to vote or direct the vote: 485,000*
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SCHEDULE 13G
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(iii) sole power to dispose or to direct the disposition
of: 25,000
(iv) shared power to dispose or direct the disposition
of: 485,000*
* Of the indicated shares, 400,000 are owned of record by the
Arrendale Undiversified Family Limited Partnership and 85,000
are owned of record by the Thomas A. Arrendale, Jr. Family
Limited Partnership. As a general partner of each partnership,
Ms. Bussey shares voting and dispositive power with respect to
the shares held by each partnership with Thomas A. Arrendale
III.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF THE MEMBERS OF THE GROUP:
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10. CERTIFICATION:
Not Applicable
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SCHEDULE 13G
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement, is true, complete and correct.
Date: February 9, 1998
Signature: /s/ Cyndae Arrendale Bussey
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Name: Cyndae Arrendale Bussey
