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): September 24, 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 8.01 – Other Events.

On September 26, 2008, Temecula Valley Bancorp Inc. ("Company") announced by press release that it will suspend the payment of quarterly cash dividends after payment of the quarterly cash dividend on October 15, 2008.

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 September 26, 2008.

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 26, 2008	By:	/s/ STEPHEN H. WACKNITZ
		Stephen H. Wacknitz
		Chief Executive Officer and President

EX-99.1

Exhibit 99.1

Temecula Valley Bancorp Suspends Quarterly Cash Dividends

TEMECULA, Calif.--(BUSINESS WIRE)--Temecula Valley Bancorp (Nasdaq:TMCV) today announced its Board of Directors has voted to suspend regular quarterly cash dividends on its common stock effective immediately. This will not affect the cash dividends to be paid October 15, 2008.

Temecula Valley Bancorp President and Chief Executive Officer Stephen H. Wacknitz stated, "Our Board of Directors remains committed to capital preservation during these times of challenging industry conditions and until we see an easing in the credit markets. The decision to suspend cash dividends was not taken lightly. While our subsidiary bank remains above regulatory requirements for being a `well capitalized' institution, our Board of Directors believes that the current economic conditions require prudent management and conservation of capital. We believe maintaining a strong capital position is a priority at this time and eliminating our cash dividend will improve our capital position by conserving approximately $1.6 million of capital per year. While this decision is difficult, we believe it is the best course for our shareholders over the long term. Our Board of Directors and Executive Management, who collectively own approximately 16% of Temecula Valley Bancorp’s outstanding shares, are firmly committed to grow long-term shareholder value and we expect to resume paying cash dividends as soon as deemed appropriate."

ABOUT THE COMPANY

Temecula Valley Bank, established in 1996, operates eleven full-service offices in Temecula, Murrieta, Corona, Fallbrook, Escondido, Rancho Bernardo, El Cajon, Carlsbad, Solana Beach, Ontario, and San Marcos. The Bank also operates a number of regional real estate loan production centers in California. As a leading SBA Preferred Lender, the Bank has a network of SBA loan production offices across the United States. Temecula Valley Bancorp was established in June 2002 and operates as a bank holding company for the Bank. For further information, please visit the Bank’s website at www.temvalbank.com.

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

Forward-Looking Statements

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 U.S. government, and general economic conditions. Additional information on these and other factors that could affect financial results are included in our filings made with the Securities and Exchange Commission by Temecula Valley Bancorp. We do not undertake any obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise.

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