8-K

UNITED STATESSECURITIES 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): January 15, 2008

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

California		46-0476193
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer 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 1.01     Entry into a Material Definitive Agreement.

Frank Basirico, Jr., 53, has been appointed Chief Credit Officer of Temecula Valley Bank ("Bank"), the principal subsidiary of Temecula Valley Bancorp Inc. (NASDAQ: TMCV). Mr. Basirico assumed this role at the Bank on January 15, 2008. Mr. Basirico’s former position at the Bank was as Chief Administrative Officer. Mr. Basirico’s employment agreement with the Bank will remain the same, other than the change of title.

Item 9.01     Financial Statements and Exhibits.

(d)   Exhibits

       99.1  Press Release dated January 15, 2008

SIGNATURES

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:	January 15, 2008	By:	/s/ STEPHEN H. WACKNITZ
			Stephen H. Wacknitz
			Chief Executive Officer and President

EX-99.1

Exhibit 99.1

Temecula Valley Bank Appoints Frank Basirico, Jr. as Chief Credit Officer

TEMECULA, Calif.--(BUSINESS WIRE)--Temecula Valley Bancorp Inc. (NASDAQ:TMCV) announced today that Frank Basirico, Jr. has been appointed Chief Credit Officer of Temecula Valley Bank, the company’s principal subsidiary. Mr. Basirico has been with Temecula Valley Bank for two years in the position of Chief Administrative Officer.

“We are very fortunate to have Frank Basirico, an experienced past Chief Credit Officer and talented leader. With over 30 years in banking, Mr. Basirico brings a strong and diverse background with proven credit and leadership skills to the position," said Stephen H. Wacknitz, President and CEO.

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, San Marcos, 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 primarily in the Western United States and has funded over $1.3 billion in SBA loans in 36 states in the last five years. Temecula Valley Bancorp Inc. was established in June 2002 and operates as a bank holding company for the Bank.

For more information about the Company, visit Temecula’s website 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 Bank
Stephen H. Wacknitz, President & CEO
951-694-9940