Exhibit 99.1

     Temecula Valley Bancorp Inc. Receives Shareholder Approval of
 Reincorporation in California and Concurrent Two-for-One Stock Split

   TEMECULA, Calif.--(BUSINESS WIRE)--Dec. 18, 2003--At a special
meeting of shareholders held today, the shareholders of Temecula
Valley Bancorp Inc. (OTCBB: TMCV), a California corporation, approved
the reincorporation to change its state of incorporation from Delaware
to California. The reincorporation will not result in any change in
the location of company operations, location of employees, or in the
way the company conducts business. A concurrent forward two-for-one
stock split was also approved at the meeting.
   Temecula Valley Bank was established in 1996 and operates full
service offices in Temecula, Murrieta, Fallbrook, Escondido and El
Cajon. Temecula Valley Bancorp Inc. was established in June 2002 and
operates as a bank holding company for Temecula Valley Bank, N.A. As a
Preferred Lender (PLP) since 1998, the locally owned and operated bank
also has SBA loan production offices in Sherman Oaks, Calif., Fresno,
Calif., Chico, Calif., Anaheim Hills, Calif., Bellevue, Wash., Gurnee,
Ill., Tampa/St. Petersburg, Fla., Coral Springs, Fla., Jacksonville,
Fla. and Atlanta, GA. The company's common stock is traded over the
counter with the stock symbol TMCV.OB and the bank's internet web site
can be reached at www.temvalbank.com.

    CONTACT: Temecula Valley Bank, N.A.
             Stephen H. Wachnitz, 909-694-9940