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): November 9, 2004

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

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

          California                                         46-0476193
 (State or other jurisdiction      (Commission             (I.R.S. Employer
       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: (951) 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 November 12, 2004, Temecula Valley Bancorp Inc. ("Company") issued a
press release announcing the appointment of William McGaughey as Executive Vice
President/Chief Operating Officer of Temecula Valley Bank, N.A. ("Bank"), the
principal subsidiary of the Company. Mr. McGaughey will begin his employment on
November 29, 2004. Mr. Luther J. Mohr, the Bank's current Chief Operating
Officer, will continue with the Bank in an advisory capacity until his
retirement in April 2005. At that time, Mr. Mohr will continue to be available
to the Bank in an advisory capacity and as a member of the Boards of Directors
of the Bank and the Company. 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 November 12, 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: November 12, 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 November 12, 2004.

EX-99.1

                                                                    EXHIBIT 99.1

Temecula Valley Bank Appoints William H. McGaughey as Chief Operating
                                Officer

    TEMECULA, Calif.--(BUSINESS WIRE)--Nov. 12, 2004--Temecula Valley
Bancorp Inc. (OTCBB:TMCV) announced today that William H. McGaughey
will join its principal bank subsidiary, Temecula Valley Bank, as
Executive Vice President, Chief Operating Officer. With over
twenty-one years in banking, McGaughey brings a strong and diverse
background with proven operating and leadership skills to the Bank.
McGaughey's responsibilities will include management of bankwide
operations as well as oversight of the SBA area.
    "The addition of Bill McGaughey as EVP, Chief Operating Officer
enhances our ability to grow and diversify on a safe and well managed
path," said Stephen H. Wacknitz, President and CEO.
    Prior to joining the Bank, McGaughey was with Bank of the West for
about 14 years, most recently as Senior Vice President, Secondary
Market Manager for Bank. McGaughey currently serves as a Board member
of the National Association of Government Guaranteed Lenders (NAGGL)
and as Chair of NAGGL's Secondary Market Committee.
    Mr. McGaughey will take Luther J. Mohr's place as Chief Operating
Officer. Mr. Mohr will continue at the Bank in an advisory capacity
until April 2005 when be plans to retire. Mr. Mohr will continue as a
Board member of Temecula Valley Bancorp and Temecula Valley Bank.
    Temecula Valley Bank was established in 1996 and operates
full-service offices in Temecula, Murrieta, Corona, Fallbrook,
Escondido, Rancho Bernardo and El Cajon. Temecula Valley Bancorp 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, CA; Fresno, CA; Chico, CA; Anaheim Hills, CA;
Bellevue, WA; Gurnee, IL; Westlake, OH; Ocean City, NJ; Tampa/St.
Petersburg, FL; Coral Springs, FL; Jacksonville, FL; and Atlanta, GA.
    Temecula Valley Bancorp's common stock is quoted in the over the
counter market and trades under the symbol TMCV. The Bank's website
is at www.temvalbank.com.

    Statements concerning future performance, developments, or events
concerning expectations for growth and market 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, the effect of interest rate changes, the
ability to control costs and expenses, the impact of consolidation in
the banking industry, financial policies of the United States
government, and general economic conditions. Additional information on
these and other factors that could affect financial results are
included in the bank's Securities and Exchange Commission filings.

    CONTACT: Temecula Valley Bancorp Inc.
             Stephen H. Wacknitz, 951-694-9940