EXHIBIT 99.1

     Temecula Valley Bank Announces Resignation of Executive Vice
                   President/SBA Department Manager

    TEMECULA, Calif.--(BUSINESS WIRE)--Sept. 29, 2004--Temecula Valley
Bancorp Inc. (OTCBB:TMCV) announced today that Brian D. Carlson, who
has been an officer of Temecula Valley Bank, the principal subsidiary
of Temecula Valley Bancorp ("Company") since January 2001, resigned to
accept a position with a bank in organization. Stephen H. Wacknitz,
the Company's Chief Executive Officer and President, stated, "We view
Mr. Carlson's resignation as an opportunity to build on past successes
with a fresh look at the SBA department structure. Our historical
ability to adapt to change will continue."
    Temecula Valley Bank was established in 1996 and operates
full-service offices in Temecula, Murrieta, Fallbrook, Escondido,
Rancho Bernardo, Corona and El Cajon. The Company was established in
June 2002 and operates as a one-bank holding company for Temecula
Valley Bank. 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.; Sacramento, Calif.;
Anaheim Hills, Calif.; Irvine, Calif.; Bellevue, Wash.; Gurnee, Ill.;
Ocean City, NJ; Westlake, Ohio; Tampa/St. Petersburg, Fla.; Coral
Springs, Fla.; Jacksonville, Fla.; and Cumming, GA.
    For more information, visit the Company's Web site at
www.temvalbank.com.

    Forward-Looking Statements

    Statements concerning future performance, developments or events,
expectations for growth and income 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, loan production, balance sheet management, net
interest margin ratios, the ability to control costs and expenses,
interest rate changes and financial policies of the United States
government (including the Small Business Administration), and general
economic conditions. Additional information on these and other factors
that could affect financial results are included in the Company's SEC
filings. The Company disclaims any obligation to update any such
factors or to publicly announce the results of any revisions to any
forward-looking statements contained herein to reflect future events
or developments.

    CONTACT: Temecula Valley Bank
             Stephen H. Wacknitz, 909-694-9940