UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~PURSUANT~~Date TOof ~~SECTION~~Report ~~13 OR 15~~(d)Date OFof ~~THE SECURITIES~~Earliest ~~EXCHANGE~~Event ~~ACT~~Reported): OFJanuary 7, ~~1934~~2011

Date of Report (Date of Earliest Event Reported): December 10, 2010

FGBC Bancshares, Inc.

(Exact Name of Registrant as Specified in Charter)


Georgia	000-51957	20-02743161

(State of	(Commission File No.)	(IRS Employer
Incorporation)		Identification No.)

101 Main Street, Franklin, Georgia 30217
(Address of Principal Executive Offices, including Zip Code)

(678) 839-4510
(Registrant’s Telephone Number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 58.0201. ~~Departure~~Other ~~of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Events.

On ~~December~~January 107, ~~2010~~2011 ~~Carl~~FGBC RBancshares, Inc. ~~Sewell,~~announced Jrthe expected closings of its bank subsidiary’s Villa Rica and Commerce branch offices and future plans with respect to the Villa Rica facility. ~~resigned~~A ~~from~~copy ~~his~~of ~~positions~~the press release is attached hereto as aExhibit 99.1 ~~director~~and ofis ~~FGBC~~incorporated herein by reference. FGBC Bancshares, Inc. ~~and~~disclaims ~~its~~any ~~subsidiary~~inference ~~First~~regarding ~~Georgia~~the ~~Banking~~materiality ~~Company~~of the information contained in this Current Report on Form 8-K (the “8-K”), ~~effective~~including ~~immediately~~the information contained in Exhibit 99.1, which otherwise may arise as a result of its furnishing such information under this item of the 8-K.


Item 9.01.		Financial Statements and Exhibits.

(d)		Exhibits

99.1		Press release dated January 7, 2011

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.

December 16, 2010	FGBC BANCSHARES, INC.
January 7, 2011	FGBC BANCSHARES, INC.
	By:	/s/ Teresa L. Martin
		Teresa L. Martin
		EVP and Chief Financial Officer

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