Item 8.01 - Other Events
On October 6, 2008, Bank of Granite Corporation's Board of Directors decided not to pursue a previously announced 5-for-4 stock split that was to be effective for shareholders of record on October 17, 2008. The decision not to split the stock is in light of current market conditions for financial stocks and the best interest of Bank of Granite Corporation shareholders.
A news release announcing the decision not to split the stock was issued on October 7, 2008, and a copy of that announcement is furnished as Exhibit 99.1 hereto.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits

Exhibit No. Description

99.1 News release issued October 7, 2008

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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.

Bank of Granite Corporation

October 7, 2008 By: /s/ Kirby A. Tyndall Kirby A. Tyndall Secretary, Treasurer and Chief Financial Officer