Exhibit 10.34--Executive Officer Compensation



          1.   Upon the request of Stephen H. Wacknitz, CEO, President and
               Chairman, the Employment Agreement of Mr. Wacknitz was modified,
               effective January 1, 2006, to reduce his annual incentive bonus
               from 6% to 5% of Temecula Valley Bancorp Inc. (the "Company") net
               income before income taxes and bonuses, payable by the Bank.
          2.   Mr. Wacknitz's annual base salary was increased from $350,000 to
               $400,000.
          3.   The annual base salary of James Andrews, Executive Vice
               President/Real Estate Industries Group, was increased from
               $180,000 to $210,000. For calendar year 2006, Mr. Andrews' annual
               incentive bonus will be based upon the following: 2% of the
               pre-tax post bonus net income of the Bank's Real Estate
               Industries Group.
          4.   The annual base salary of Thomas Shepherd, Executive Vice
               President and Chief Credit Officer, was increased from $180,000
               to $210,000.