8-K

                                  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): September 28, 2004

                                -----------------

                          TEMECULA VALLEY BANCORP INC.
             (Exact name of Registrant as specified in its charter)

          California                                           46-0476193
       (State or other             (Commission              (I.R.S. Employer
 jurisdiction of incorporation)     File Number)          Identification Number)

                    27710 Jefferson Avenue
                          Suite A100
                     Temecula, California                      92590
           (Address of principal executive offices)          (Zip code)


       Registrant's telephone number, including area code: (909) 694-9940

                                 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 (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))






Item 5.02 - Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

     On September 28, 2004, the Company issued a press release announcing the
resignation of Brian Carlson as Executive Vice President/SBA Department Manager
of Temecula Valley Bank, the principal subsidiary of Temecula Valley Bancorp
Inc. Mr. Carlson, who has been an officer of the Company since January 2001,
resigned to accept a position with a bank in organization to be located in
Beverly Hills, California. A copy of the press release is attached hereto as
Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.


Item 9.01 - Financial Statements and Exhibits

Exhibit
Number                                 Exhibit Title
- -------  -----------------------------------------------------------------------

 99.1    Press release dated September 28, 2004.






                                    SIGNATURE

     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.


                                       TEMECULA VALLEY BANCORP INC.


Date: September 28, 2004               By: /s/ STEPHEN H. WACKNITZ
                                           -------------------------------------
                                           Stephen H. Wacknitz
                                           Chief Executive Officer and President






                                  EXHIBIT INDEX

Exhibit
Number                                 Exhibit Title
- -------  -----------------------------------------------------------------------

 99.1    Press release dated September 28, 2004.

EX-99.1

                                                                    EXHIBIT 99.1

     Temecula Valley Bank Announces Resignation of Executive Vice
                   President/SBA Department Manager

    TEMECULA, Calif.--(BUSINESS WIRE)--Sept. 29, 2004--Temecula Valley
Bancorp Inc. (OTCBB:TMCV) announced today that Brian D. Carlson, who
has been an officer of Temecula Valley Bank, the principal subsidiary
of Temecula Valley Bancorp ("Company") since January 2001, resigned to
accept a position with a bank in organization. Stephen H. Wacknitz,
the Company's Chief Executive Officer and President, stated, "We view
Mr. Carlson's resignation as an opportunity to build on past successes
with a fresh look at the SBA department structure. Our historical
ability to adapt to change will continue."
    Temecula Valley Bank was established in 1996 and operates
full-service offices in Temecula, Murrieta, Fallbrook, Escondido,
Rancho Bernardo, Corona and El Cajon. The Company was established in
June 2002 and operates as a one-bank holding company for Temecula
Valley Bank. As a Preferred Lender (PLP) since 1998, the locally owned
and operated bank also has SBA loan production offices in Sherman
Oaks, Calif.; Fresno, Calif.; Chico, Calif.; Sacramento, Calif.;
Anaheim Hills, Calif.; Irvine, Calif.; Bellevue, Wash.; Gurnee, Ill.;
Ocean City, NJ; Westlake, Ohio; Tampa/St. Petersburg, Fla.; Coral
Springs, Fla.; Jacksonville, Fla.; and Cumming, GA.
    For more information, visit the Company's Web site at
www.temvalbank.com.

    Forward-Looking Statements

    Statements concerning future performance, developments or events,
expectations for growth and income forecasts, and any other guidance
on future periods, constitute forward-looking statements that are
subject to a number of risks and uncertainties. Actual results may
differ materially from stated expectations. Specific factors include,
but are not limited to, loan production, balance sheet management, net
interest margin ratios, the ability to control costs and expenses,
interest rate changes and financial policies of the United States
government (including the Small Business Administration), and general
economic conditions. Additional information on these and other factors
that could affect financial results are included in the Company's SEC
filings. The Company disclaims any obligation to update any such
factors or to publicly announce the results of any revisions to any
forward-looking statements contained herein to reflect future events
or developments.

    CONTACT: Temecula Valley Bank
             Stephen H. Wacknitz, 909-694-9940