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 7, 2009

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

California	001-33897	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 1.02 – Termination of Material Definitive Agreement.

Due to strategic business decisions, David Bartram, Senior Executive Vice President/President of the SBA Division, and Temecula Valley Bank ("Bank"), the principal subsidiary of Temecula Valley Bancorp Inc., have agreed mutually to terminate Mr. Bartram’s employment agreement as well as his employment with the Bank. Mr. Bartram has agreed to stay with the Bank until the earlier to occur of May 31, 2009 or the date by which he becomes employed elsewhere. In exchange, Mr. Bartram has agreed to forego any severance amounts he might have otherwise been entitled to receive under the terms of his employment agreement (up to $390,000).

The information filed in the exhibit to this report is being furnished, not filed, pursuant Section 18 of the Securities Exchange Act of 1934, as amended. Accordingly, 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 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:

Exhibit 99.1: Press Release dated January 7, 2009

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: January 7, 2009	By:	/s/ FRANK BASIRICO, JR.
		Frank Basirico, Jr.
		Chief Executive Officer

EX-99.1

Exhibit 99.1

Temecula Valley Bancorp Announces SBA Division Organizational Changes

TEMECULA, Calif.--(BUSINESS WIRE)--January 7, 2009--Temecula Valley Bancorp Inc. (NASDAQ:TMCV) the holding company of Temecula Valley Bank (“Bank”) today announced organizational changes to the Bank’s SBA Division as part of the new strategic initiatives announced yesterday.

David H. Bartram, Senior Executive Vice President and President of the SBA Division announced his voluntary departure from the Bank. Mr. Bartram has agreed to stay with the Bank until the earlier to occur of May 31, 2009 or the date by which he becomes employed elsewhere. Joining the Bank in early 2008, Mr. Bartram created an experienced and successful SBA Division. “I am very pleased with the results we achieved in 2008, however, with the Bank’s new strategic direction to focus on local community banking, it is no longer the right fit for me and I have decided to pursue my career where I can fully utilize my expertise in the SBA arena,” stated Mr. Bartram.

“With the contraction of the secondary market for SBA loans, we are deemphasizing SBA lending and have placed a temporary moratorium on new application acceptance. Part of our new strategic initiatives is to pull back and reduce the Bank’s footprint to California, focusing on our roots as a community bank. We will miss Dave and his strong management and leadership abilities, but understand his decision to move on,” said Frank Basirico, Chief Executive Officer. Stephanie Bitters, Senior Vice President and Chief Operating Officer of the SBA Division, is positioned to take the helm. “With over 15 years of government guaranteed lending experience and eight years with the Bank, Stephanie has been instrumental in the department’s growth and very capable of overseeing operations going forward,” continued Mr. Basirico.

About Temecula Valley Bank

Temecula Valley Bank was established in 1996 and operates eleven full service banking offices in California, in the communities of Temecula, Murrieta, Corona, Carlsbad, El Cajon, Escondido, Fallbrook, Rancho Bernardo, San Marcos, Solana Beach and Ontario. Regional loan production offices are located throughout the state of California. As an SBA Preferred Lender, the Bank also has a network of SBA offices. 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 U.S. government, and general economic conditions. Additional information on these and other factors that could affect financial results are included in the filings made with the Securities and Exchange Commission by Temecula Valley Bancorp Inc. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise.

CONTACT:
Temecula Valley Bancorp Inc.
Frank Basirico, CEO, 951-694-9940