| Temecula Valley Bank, N.A., a wholly owned subsidiary of Temecula Valley Bancorp Inc., is a $500 million commercial bank serving communities in North and East San Diego County and throughout the Inland Empire. The bank operates full service offices in Temecula, Murrieta, Corona, Fallbrook, Rancho Bernardo, Escondido and El Cajon, CA., with SBA loan offices in the following areas: Anaheim Hills, CA, Irvine, CA Sherman Oaks, CA, Fresno, CA, Chico, CA, Sacramento, CA, Bellevue, WA, Tampa/ St. Petersburg, FL, Coral Springs, FL, Jacksonville, FL, Panama City Beach, FL, Gurnee, IL, Westlake, OH, Dublin, OH, Ocean City, NJ, Richmond, VA, Clemmons, NC, Cumming, GA., and Lee, New Hampshire.
Since its founding in 1996, Temecula Valley Bank has consistently reported increased profits. For the year ended December 31, 2003, the bank posted record earnings of $7,854,339. The bank has had two 2 for 1 stock splits, one in April 1998 and one in April 1999. The initial public offering was $10.00 per share and adjusted to $2.50 per share as a result of the stock splits. In 1997, 162,600 shares were publicly traded, 140,900 in 1998, and 283,905 in 1999, 228,900 in 2000, 909,514 in 2001 and 1,172,598 in 2002. The Bancorp’s common stock is traded OTC with the stock symbol TMCV.OB.
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