UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            ------------------------

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): August 22, 2007

                            ------------------------

                          TEMECULA VALLEY BANCORP INC.
             (Exact name of Registrant as specified in its charter)

        California                                              46-0476193
      (State or other           (Commission File Number)     (I.R.S. Employer
jurisdiction of incorporation)                            Identification Number)

             27710 Jefferson Avenue
                   Suite A100
             Temecula, California                                   92590
  (Address of principal executive offices)                        (Zip code)

       Registrant's telephone number, including area code: (951) 694-9940

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 - Other Events.

     On August 24, 2007, Temecula Valley Bancorp Inc. ("Company") announced by
press release the declaration of a $0.04 per share third quarter dividend,
payable on October 15, 2007, to shareholders of record as of October 1, 2007.

     The information in this report is being furnished, not filed, pursuant
Section 18 of the Securities Exchange Act of 1934, as amended. Accordingly, the
information in this report and Exhibit 99.1 of this report will not be
incorporated by reference into any of our filings, unless specifically
identified therein as being incorporated therein by reference. The furnishing of
the information in this report and the exhibit to this report are not intended
to, and do not, constitute a determination or admission by the Company that such
information is material or complete, or that investors should consider this
information before making an investment decision with respect to any security of
the Company.

Item 9.01 - Financial Statements and Exhibits.

     (d)  Exhibits

          The following exhibit is filed with this Form 8-K:

          99.1 Press Release dated August 24, 2007



                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                       TEMECULA VALLEY BANCORP INC.


     Date: August 24, 2007             By: /s/ STEPHEN H. WACKNITZ
                                           -------------------------------------
                                           Stephen H. Wacknitz
                                           Chief Executive Officer and President