UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 27, 2008 SOUTHWEST GEORGIA FINANCIAL CORPORATION (Exact name of Registrant as Specified in its Charter) Georgia 001-12053 58-1392259 (State or other Jurisdiction (Commission File Number) (IRS Employer of Corporation or Identification No.) Organization) 201 First Street, S.E. Moultrie, Georgia 31768 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (229) 985-1120 Not Applicable (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. [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act. [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act. [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. ITEM 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics On February 27, 2008, Southwest Georgia Financial Corporation's Board of Directors approved amendments to the Corporation's Business Code of Ethics Policies and Procedures. The nature of those amendments made no significant change to the provision of the Corporation code of ethics that applies to the principal executive officer, principal financial officer, and principal accounting officer. These amendments related to changes which incorporated the guidance on Code of Ethics recommended by the Federal Deposit Insurance Corporation to financial institutions in FIL-105-2005. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. SOUTHWEST GEORGIA FINANCIAL CORPORATION /s/George R. Kirkland ___________________________________ By: George R. Kirkland Senior Vice President and Treasurer February 27,2008 ___________________________________ Date EXHIBIT INDEX Exhibit No. Description 14 Code of Ethics dated February 27, 2008