Item 2.02. Results of Operations and Financial Condition.

On October 29, 2008, Gateway Financial Holdings, Inc. (the "Corporation") reported financial results for the three and nine months ended September 30, 2008. The information furnished in this report (including the exhibit filed herewith) shall be incorporated by reference in our filings pursuant to the Securities Act of 1933, as amended.

The Corporation is the holding company for Gateway Bank & Trust Co., a regional community bank with 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: Press Release*

* This exhibit shall be incorporated by reference in our filings pursuant to the Securities Act of 1933, as amended.

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