Temecula Valley Bank, the principal subsidiary of
Temecula Valley Bancorp Inc. (Nasdaq:TMCV), today announced the
opening of its ninth full service office in California. The new
office, located at 985 Lomas Santa Fe Drive, Suite D in Solana Beach,
will provide current and new Temecula Valley Bank customers in North
San Diego County convenient access to the Bank's full line of business
and personal financial products and services. The office is
conveniently located on Lomas Santa Fe Drive, east of Interstate 5
freeway. Office hours are 9 a.m.-5 p.m., Monday through Thursday, and
Friday from 9 a.m.-6 p.m. With over 35 years of commercial banking
experience, Don Schempp, Executive Vice President and North County
Regional Manager, will oversee the activities of the new Solana Beach
office as well as continuing his oversight responsibilities at the
Bank's Carlsbad office. Paula Jerrils, Vice President, Operations
Manager, and Erin D. Brosch, Assistant Vice President, Customer
Service Manager, will manage the new Solana Beach team.
"The opening of the Solana Beach office allows us to expand the
delivery of our unique style of relationship banking to customers in
the growth market of Coastal North County," said Stephen H. Wacknitz,
President/CEO/Chairman of the Board. "Our goal is to provide excellent
customer service, competitive products and solid relationship banking
for many years to come," added Mr. Schempp.
Temecula Valley Bank was established in 1996 and operates full
service offices in Temecula, Murrieta, Corona, Fallbrook, Escondido,
Rancho Bernardo, El Cajon, Carlsbad and Solana Beach. The Bank also
operates a number of regional real estate loan production centers in
California. As a nationally authorized SBA Preferred Lender, the
locally owned and operated Bank has multiple SBA loan production
offices across the United States and has funded over a billion dollars
in SBA loans in 33 states in the last five years. The Bank's website
is at www.temvalbank.com. Temecula Valley Bancorp was established in
June 2002 and operates as a bank holding company for the Bank.
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 filings made with Securities and Exchange Commission
by Temecula Valley Bancorp Inc.
Temecula Valley Bancorp Inc. serves as the holding company for Temecula Valley Bank (the Bank). The Companyâs activities consist of owning the outstanding common stock of the Bank, Temecula Valley Statutory Trust II, Temecula Valley Statutory Trust III, Temecula Valley Statutory Trust IV, Temecula Valley Statutory Trust V and Temecula Valley Statutory Trust VI. The Bank has 11 full-service banking offices in California providing services to customers in the Riverside, San Bernardino and San Diego Counties. Its principal office is located in Temecula, California with other California full-service offices in Carlsbad, Corona, El Cajon, Escondido, Fallbrook, Murrieta, Ontario, Solana Beach, San Marcos, and in the Rancho Bernardo area of San Diego. The Bank also operates loan production offices, which principally generate construction and/or real estate secured loans in Ontario and Temecula, California.