Tuesday, August 19, 2008

WGNB Corp. Appoints Two New Directors and Names Additional Bank Director

BUSINESS WIRE --WGNB Corp. (NASDAQ: WGNB), the holding company for First National Bank of Georgia, announced that William (Bill) W. Stone has been appointed to the boards of directors for the Bank and the Company; Gelon E. Wasdin, Jr., who currently serves on the Bank board, will also join the board of directors for WGNB Corp.; and Helen Tyus Roberts will join the Bank board.

Stone is President and Chief Financial Officer of Systems & Methods, Inc., where he manages all administrative and financial aspects of the business. Additionally, he is involved in the community, serving in leadership roles for the Salvation Army, Community Foundation of West Georgia, Dawnbreakers Rotary Club, Kennesaw State University Family Enterprise Center, as well as several others. Stone attended the University of West Georgia and Jacksonville State University. He has also served as a board member for two other financial institutions.

Wasdin is a Certified Public Accountant and currently offers advisory services to middle market and small companies in the areas of investments and acquisitions. He is a graduate of Florida State University with a bachelors degree in accounting. Wasdin is a member of the Georgia Society of CPAs and serves on boards for numerous organizations, such as Tanner Medical Foundation, Community Foundation of West Georgia and the Richards College of Business at the University of West Georgia.

Bill and Gelons commitment to and confidence in our Company are evident in their intentions to participate in our preferred stock offering at a substantial level, said H. B. Rocky Lipham, III, CEO of WGNB Corp. and First National Bank of Georgia.

Roberts will serve on the Banks board in place of her father, Oscar W. Roberts, III, who is retiring after 12 years of service. She earned her bachelors of business administration degree in finance from the University of West Georgia, where she was also a member of Beta Gamma Sigma National Business Honor Society. Roberts has worked in the financial industry in various positions since 1996.

Each of these directors has extensive knowledge of the communities we serve and valuable expertise in the financial industry, added Lipham.


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