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): August 22, 2007

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

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

        California                                              46-0476193
      (State or other           (Commission File Number)     (I.R.S. Employer
jurisdiction of incorporation)                            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 8.01 - Other Events.

     On August 24, 2007, Temecula Valley Bancorp Inc. ("Company") announced by
press release the declaration of a $0.04 per share third quarter dividend,
payable on October 15, 2007, to shareholders of record as of October 1, 2007.

     The information in this report is being furnished, not filed, pursuant
Section 18 of the Securities Exchange Act of 1934, as amended. Accordingly, the
information in this report and Exhibit 99.1 of this report will not be
incorporated by reference into any of our filings, unless specifically
identified therein as being incorporated therein by reference. The furnishing of
the information in this report and the exhibit to this report are not intended
to, and do not, constitute a determination or admission by the Company that such
information is material or complete, or that investors should consider this
information before making an investment decision with respect to any security of
the Company.

Item 9.01 - Financial Statements and Exhibits.

     (d)  Exhibits

          The following exhibit is filed with this Form 8-K:

          99.1 Press Release dated August 24, 2007



                                    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: August 24, 2007             By: /s/ STEPHEN H. WACKNITZ
                                           -------------------------------------
                                           Stephen H. Wacknitz
                                           Chief Executive Officer and President

EX-99.1

                                                                    Exhibit 99.1

           Temecula Valley Bancorp Announces Quarterly Cash Dividend

     TEMECULA, Calif.--(BUSINESS WIRE)--Aug. 24, 2007--Temecula Valley Bancorp
Inc. (NASDAQ: TMCV), the parent company of Temecula Valley Bank, announced today
that its Board of Directors declared a quarterly cash dividend of $0.04 per
share payable on October 15, 2007 to shareholders of record as of October 1,
2007.

     Stephen H. Wacknitz, Temecula's Chief Executive Officer, President and
Chairman, stated, "We are pleased to be in a position to pay dividends to our
shareholders and continue with our previously implemented stock repurchase
programs. We believe these steps have been well received at a very tumultuous
time in the financial markets. In addition, we believe these efforts continue to
show our commitment to strategic capital management and long-term shareholder
value."

     Temecula recently reported total assets of $1.3 billion as of June 30,
2007, earnings for the quarter ended June 30, 2007 of $5.3 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 Valley Bancorp Inc.


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