Temecula Valley Bancorp, Inc.

Detailed Description

Temecula Valley Bancorp Inc. operates as the bank holding company for Temecula Valley Bank that provides various banking products and services in California. Its deposit accounts include demand, savings, money market, and time accounts, as well as certificates of deposit. The company principally originates construction and/or real estate secured loans, including construction loans on one-to-four-family residences and commercial real estate properties; and land acquisition and development loans, as well as commercial and small business administration loans. Its lending portfolio also comprises consumer loans, such as automobile, recreational vehicle, boat, home improvement, home equity lines of credit, collateralized and uncollateralized personal, and deposit account collateralized loans. As of December 31, 2008, it operated 11 full-service offices in Temecula, Carlsbad, Corona, El Cajon, Escondido, Fallbrook, Murrieta, Ontario, Solana Beach, San Marcos, and the Rancho Bernardo area of San Diego. The company was founded in 1996 and is headquartered in Temecula, California. On November 6, 2009, Temecula Valley Bancorp Inc. filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the Central District of California.