UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

~~PURSUANT~~Pursuant TOto ~~SECTION~~Section 13 OR 15(d) OFof The Securities Exchange Act of 1934

~~THE~~Date ~~SECURITIES~~of ~~EXCHANGE~~Report ~~ACT~~(Date OFof ~~1934~~earliest event reported): January 29, 2010

Date of Report (Date of earliest event reported): September 4, 2009

WGNB CORP.

(Exact name of registrant as specified in its charter)

GEORGIA	000-30805	58-1640130
Georgia		000-30805	58-1640130
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(State or other Jurisdiction of Incorporation)		(Commission File Number)	(IRS Employer Identification No.)

201 Maple Street

201 Maple Street P.O. Box 280 Carrollton, Georgia		30112
(Address of principal executive offices)		(Zip Code)

~~P.O.~~Registrant’s ~~Box~~telephone ~~280~~number, including area code: (770) 832-3557

~~Carrollton,~~(Former ~~Georgia~~name ~~30117~~or former address if changed since last report.)

~~(Address~~Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of ~~principal~~the ~~executive~~registrant ~~offices)~~under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (~~770~~17 CFR 230.425) ~~832~~o Soliciting material pursuant to Rule 14a-~~3557~~ 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))

~~(Registrant's~~Item ~~telephone~~1.03 ~~number,~~Bankruptcy ~~including~~or ~~area code)~~Receivership.

On January 29, 2010, First National Bank of Georgia (~~Former~~the ~~name~~"Bank") orwas ~~former~~closed ~~address,~~by ifthe ~~changed~~Office ~~since~~of ~~last~~the ~~report~~Comptroller of the Currency and the Federal Deposit Insurance Corporation ("FDIC") was named as its receiver. WGNB Corp.'s (the "Company") principal asset is the capital stock that it owns in the Bank and, as a result of the closure of the Bank, the Company has minimal remaining tangible assets. At this time, the Company does not believe that any recovery will be realized by holders of its Common or Series A Preferred stock.

~~Check~~In ~~the~~connection ~~appropriate~~with ~~box~~the ~~below~~closure ifof the ~~Form~~Bank, ~~8-K~~the ~~filing~~FDIC isissued ~~intended~~a topress ~~simultaneously~~release, ~~satisfy~~dated ~~the~~January ~~filing~~29, ~~obligations~~2010, ofproviding the ~~registrant under any of the~~ following ~~provisions~~:

¨● ~~Written~~The ~~communications~~FDIC ~~pursuant~~entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia, a newly chartered institution, to ~~Rule~~assume ~~425~~all ~~under~~of the ~~Securities~~deposits ~~Act~~of ~~(17~~First ~~CFR~~National ~~230~~Bank of Georgia.~~425)~~ ● The 11 branches of First National Bank of Georgia will reopen on January 30, 2010 as branches of Community & Southern Bank. Accordingly, depositors of First National Bank of Georgia will automatically become depositors of Community & Southern Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. ● In addition to assuming all of the deposits of the Bank, Community & Southern Bank agreed to purchase essentially all of its assets. ● Customers who have questions about the transaction can call the FDIC toll-free at 1-800-886-2504 or visit the FDIC's Web site at http://www.fdic.gov/bank/individual/failed/firstnational-carrollton.html.

~~¨ Soliciting~~A ~~material~~complete ~~pursuant~~copy toof ~~Rule~~the ~~14a-12~~FDIC's ~~under~~press ~~the~~release ~~Exchange~~can ~~Act~~be ~~(17~~found ~~CFR~~on ~~240~~the Internet at www.~~14a-12)~~fdic.gov.

~~¨ Pre-commencement~~As ~~communications~~a ~~pursuant~~result toof ~~Rule~~the ~~14d-2(b)~~FDIC ~~under~~being appointed as receiver of the ~~Exchange~~Bank ~~Act~~and ~~(17~~the ~~CFR~~assumption ~~240~~of deposits by Community & Southern Bank, the Company has ceased all business activity and operations.~~14d-2(b))~~

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

ITEM 5.02(b) DEPARTURE OF DIRECTORS

On September 4, 2009, William Stone, a director of the Company and the Bank, resigned from his position as a director in order to avoid any future actual or perceived conflicts of interest given his continuing involvement in certain family real estate business ventures. The resignation was effective upon receipt by the Company. Mr. Stone’s decision to resign from the Board of Directors did not arise or result from any disagreement with the Company on any matters relating to the Company’s operations, policies or practices. In fact, Mr. Stone continues to support the Company's endeavors particularly in these current difficult times.

The Company does not anticipate filling the vacancy on the board caused by Mr. Stone's resignation at this time. Upon Mr. Stone's resignation, the Board of Directors of the Company has been decreased in size from 14 to 13 members.

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.

	WGNB CORP.
	WGNB Corp.
Date: September 10, 2009	By:	/s/ H.B. Lipham, III
Dated: February 2, 2010	By:	/s/ Steven J. Haack
		H.B. Lipham, III
		Steven J. Haack
		Chief Executive Officer
		Secretary and Treasurer
		Principal Executive Officer
		(Principal Financial Officer)

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