EXHIBIT 99.1


   Temecula Valley Bancorp Adopts $10 Million Stock Repurchase Program

    TEMECULA, Calif.--(BUSINESS WIRE)--July 23, 2007--Temecula Valley
Bancorp Inc. (NASDAQ:TMCV), the parent company of Temecula Valley
Bank, announced today that its Board of Directors has approved a stock
repurchase program to repurchase up to $10 million in shares
(approximately 606,060 shares) of Temecula's common stock in the open
market effective immediately for a period of six months ending January
20, 2008.

    Stephen H. Wacknitz, Temecula's Chief Executive Officer, President
and Chairman, stated, "After our first successful buy-back program,
with only $152,995 left to buy our stock, this extension of the buy
back program makes sense for us in this environment. Our earnings
continue to be strong and we want to continue to support our stock.
This action should continue to further enhance the value of our stock
for our shareholders."

    Buying under the repurchase program will be at management's
discretion, after consideration of factors such as the market price of
the stock, the nature of other investment opportunities or growth
projections, available cash flows from operations, general economic
conditions, established and special trading blackout periods, and
other factors deemed appropriate by management and/or the Board of
Directors. The program is intended to be structured to conform to the
safe harbor provisions of Securities and Exchange Commission ("SEC")
Rule 10b-18. SEC Rule 10b-18 contains certain restrictions related to
the manner, price, timing and volume of repurchases, among other
conditions. Temecula plans to fund repurchases made under the program
from available working capital.

    Temecula's stock price closed at $16.70 per share on July 20, 2007
on the NASDAQ Global Select Market.

    Temecula recently reported total assets of $1.31 billion as of
June 30, 2007, earnings for the quarter ended June 30, 2007 of $5.25
million and $0.47 per diluted share.

    About Temecula

    Temecula Valley Bank (the "Bank") was established in 1996 and
operates full service offices in Temecula, Murrieta, Corona,
Fallbrook, Escondido, Rancho Bernardo, El Cajon, Carlsbad, Solana
Beach and Ontario. The Bank also operates a number of regional real
estate loan production centers in California. As a nationally
authorized SBA Preferred Lender, the Bank has multiple SBA loan
production offices across the United States and has funded over $1.3
billion in SBA loans in 36 states in the last five years. The Bank's
website is at www.temvalbank.com. Temecula Valley Bancorp Inc. was
established in June 2002 and operates as a bank holding company for
the Bank.

    Temecula Valley Bancorp stock is traded on the NASDAQ Global
Select Market under the symbol TMCV.

    Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995

    Statements concerning future performance, developments or events
concerning expectations for the amount, timing and payment of
dividends, the implementation of the repurchase program, the
implementation of Temecula's growth, strategy, available working
capital, and any other guidance on future periods or events,
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 availability of a legal source for the payment of dividends and
repurchases of shares, 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 future events and Temecula's
financial results and condition and its ability and willingness to pay
dividends and repurchase shares are included in the filings made with
the Securities and Exchange Commission by Temecula.

    CONTACT: Temecula Valley Bank
             Stephen H. Wacknitz, President & CEO
             951-694-9940