Gateway Financial Holdings Inc - Current report filing (8-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) September 16, 2008

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Gateway Financial Holdings, Inc.
(Exact name of registrant as specified in its charter)

North Carolina		000-33223		56-2264354
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

	1580 Laskin Road, Virginia Beach, Virginia		23451
	(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code:   757-422-4055

________________________________________________________________________________
(Former name or former address, if changed since last report)

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:
	[   ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	[   ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	[   ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	[   ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01. Other Events.

On September 16, 2008, Gateway Financial Holdings, Inc. (the "Corporation"), the holding company for Gateway Bank & Trust Co. (the "Bank"), announced that Toby Harris, a mortgage veteran with more than twenty years of experience, has joined Gateway Bank Mortgage, Inc. as executive vice president and chief operating officer. Gateway Bank Mortgage, Inc. is a subsidiary of the Bank. Mr. Harris will be responsible for leading mortgage loan production, and will manage the Gateway Mortgage's efforts regarding joint ventures, affiliated business arrangements, and strategic alliances. Mr. Harris will serve out of Gateway Mortgage's offices in Virginia Beach, Virginia.

The Bank is a regional community bank with a total of thirty-seven full-service financial centers - twenty-one in Virginia: Virginia Beach (7), Richmond (6), Chesapeake (3), Emporia (2), Suffolk, Norfolk, and Charlottesville; and sixteen in North Carolina: Chapel Hill, Elizabeth City (3), Edenton, Kitty Hawk (2), Raleigh (3), Moyock, Nags Head, Plymouth, Roper, Wake Forest and Wilmington. The Bank provides insurance through its Gateway Insurance Services, Inc. subsidiary, brokerage services through its Gateway Investment Services, Inc. subsidiary, and mortgage banking services through its Gateway Bank Mortgage, Inc. subsidiary. Visit the Bank's web site at www.gatewaybankandtrust.com.

The Common Stock of the Corporation is traded on the Nasdaq Global Select Market under the symbol GBTS.

Item 9.01(d): Exhibits

Exhibit 99.1:      Press release

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SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Gateway Financial Holdings, Inc. (Registrant)
September 16, 2008 (Date)		/s/   THEODORE L. SALTER Theodore L. Salter Senior Executive Vice President and Chief Financial Officer