Temecula Valley Bancorp Inc. (CA) - 9.45% Trust Preferred (MM) (TMPR) Quote

LOI fell thru fyi

Temecula Valley Bancorp Provides Update on Proposed Recapitalization Plan
Jul 1, 2009 7:17:00 PM
Copyright Business Wire 2009


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View Additional ProfilesTEMECULA, Calif.--(BUSINESS WIRE)-- Temecula Valley Bancorp Inc. (NASDAQ: TMCV) today announced that it has been advised that Bancroft Capital, LLC and certain institutional investors, including Orient Property Group LLC, will not proceed with their proposed equity investment in Temecula Valley Bancorp or Temecula Valley Bank as detailed in the non-binding Letter of Intent the companies entered into and announced on June 1, 2009.

Frank Basirico, Chief Executive Officer of Temecula Valley Bancorp, said, "We're clearly disappointed that this transaction will not be moving forward. Nonetheless, we are continuing to execute on our regulatory action plan and making progress on our strategy to deleverage our balance sheet and return to our roots as a community-focused bank. Looking ahead, we will continue to work in concert with Stifel, Nicolaus & Co. in the pursuit of an acceptable capital solution."

Douglas McDonald, Founder and President of Bancroft Capital, said, "We worked tirelessly with the management team at Temecula Valley Bancorp to create a structure that would allow a competitive rate of return for our investors while, at the same time, preserving value for existing shareholders. However, given the macro-economic factors at play and the continued deterioration in market fundamentals, we regrettably could not structure a feasible solution given the challenges that presented themselves."

About Temecula Valley Bank

Temecula Valley Bank was established in 1996 and operates eleven full service banking offices in California, in the communities of Temecula, Murrieta, Corona, Carlsbad, El Cajon, Escondido, Fallbrook, Rancho Bernardo, San Marcos, Solana Beach and Ontario. The Bank is an SBA Preferred Lender. Temecula Valley Bancorp Inc. was established in June 2002 and operates as a bank holding company for the Bank. For more information about the Company, visit Temecula's website at www.temvalbank.com.

Statements concerning future performance, developments, or events concerning expectations for growth and market 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, the effect of interest rate changes, the ability to control costs and expenses, the impact of consolidation in the banking industry, financial policies of the U.S. government, and general economic conditions. Additional information on these and other factors that could affect financial results are included in the filings made with the Securities and Exchange Commission by Temecula Valley Bancorp Inc. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise.



Source: Temecula Valley Bancorp Inc.


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Temecula Valley Bancorp Inc.
Frank Basirico
CEO
951-694-9940

back to 1.00 print there!)now if we can jus hear the inked LOI deal PR as well as TMPR over 1mil market cap fer 10 consec days which with my rough calcs should get the AOK any day here now. Should see a pr stating back in good listing standings after pps or in this case market cap over a mil maintained for those 10 days. SPEX comes to mind jus did the same.

got a few hundo mo

i hear yah..well im holdin and hopin fer some pressure here yet..agreed i would think the same as soon as its inked then gets goin again..then again i would love to see it move up outta nowhere here though lol

Bid side looks decent. Falling on no volume. Guess it will take confirmation of the deal to get this moving again.

nice thanks fer postin jus read it.)

Temecula Valley Bank Announces the Appointment of Dan Stake as Executive Vice President and Manager of Its Temecula Main Office
Jun 8, 2009 12:09:00 PM
Copyright Business Wire 2009


View Additional ProfilesTEMECULA, Calif.--(BUSINESS WIRE)-- Temecula Valley Bancorp Inc. (NASDAQ: TMCV), the holding company of Temecula Valley Bank, announced the appointment of Dan Stake as Executive Vice President and Manager of their Temecula Main Office.

Mr. Stake has over 27 years of banking experience in nearly every capacity for both large and small banks. Mr. Stake joined Temecula Valley Bank in 2004 as Senior Vice President and Commercial Loan Officer and has continued to be an increasingly valuable contributor to the success and growth of the main office.

"We are very fortunate to have such a well-qualified community banker as Dan already on our team and well prepared to step up to lead the Temecula Main banking staff in continuing to provide our customers with the excellent service they know and value," said Frank Basirico, Chief Executive Officer.

"Dan, his wife and two sons have been residents of Murrieta for eleven years. I have enjoyed working with Dan in the support of the Temecula and Murrieta Chambers, the Economic Development Corporation, and a number of other of local community service organizations," added Joan Sparkman, Senior Vice President and Community Relations Officer.

Prior to joining the Bank, Mr. Stake served six years as commercial lending manager for Community National Bank in Temecula and four years as branch manager for West Coast Bank in Oregon. Mr. Stake comes from a family of bankers and is proud to have been able to work, watch and learn from his father who was a community banker and bank president for over 50 years. He is a graduate of Blackburn College, Illinois, with a BA in Business Administration and Economics.

ISEG back to toyin i see today..shake n bake before next leg up er? thoughts?

a mornin buyer er 3 would be fitting.)lets see um!

GM! Looks like they are still trying to get some cheap ones. Will have to move up the offers if they want some.

Mornin Z and all.)Thoughts fer this week? Hopin we start ta cruise back north..can we get over 2 this week?

Yup! Held good and bid strengthening now over a buck. Everyone wants cheap ones now. LOL. Have a great WE all.

held 1s good sign fer next week imo.)Check yall then!)eom

wow nice 10 dollar face i believe

IN with 5000shrs what is the face value on these.

GG bro!! come on EOD/EOW green!

$1.15 nice let's see if i get a fill

yah let um leave they will be the kickers soon when this pulls a FITB lol

Walking it down on 4k LOL too funny

nope june 22nd is..and if we in dollars next week we be all good and i fully expect a huge pop jus from a pr stating they back in listing compliance..let alone any other news with the cash infusion.))

June 12?? The deadline so be patient adding some TMCV cheap

yuppers..again not gettin mine down here!)

low-vol shakeNbake imo

agreed lets see it!

ask is soooo thin, bring the~V~

sho is fingers crossed.))

Gettin' close.

here we go! come on breakout into blueskies so thin now!!

Mornin buddy..can we see green today?!

GM all! Looks like they have raised the bar to 1.70 today as a target.

yes was solid buyin into close..lookin forward to manana!))check yall then!))

Don't have L2 but it looked like there was 5k at the ask of $1.25 and someone chopped it down to like 800 at the close. Great sign for tomorrow imo..

TMCV closed well too..

break that 1.25!!!!!!!!!!!

HUGE BUYS!

yesss sweet how fitting!!keep it up!!!

Buyers have waited all day to make a move. Maybe some news is on the way.

seen that nice..1.19s up UTS come on EOD green looks like we break that 1.20 before close with a few buyers could gap quick to or near HOD me thinks..

Had a Form 3 filed yesterday. Looks like they laying the groundwork:
http://pinksheets.com/edgar/GetFilingHtml?FilingID=6641458

would be fitting..even more fitting a EOD big dog wanting in..fingers crossed!)

I am guessing this will close unchanged or green. Basing today in the $1.15 - $1.20 area after the run from 40 cents...

Post from yahoo board. Looks like the common is dilutive on voting rights, but TMPR is "good as gold".

The only real dilution of existing shares is in VOTING POWER...TMCV shares will initially be worth 50 cents or more at the point of change in control, and can gain from there as the new owners work with mgt to stabilize and re-grow the bank.

"Temecula Valley Bank has raised private capital (the good news), but it was 95% dilutive (the bad news). But like the Lieutenant who said during the war in Vietnam that, “We had to destroy the village to save it”, at least the bank will live to fight another day. Temecula was and probably will be again one of the nation’s top SBA lenders."

http://mortgagenewsclips.com/2009/06/04/...

xactly..not shakin me and gettin mine all i know lol

And ya know they want our shares;)

UTs 1.16x1.19 EOD push would be ideal..eom

Holding nicely on low vol. I suspect they are not showing strong bid here on purpose. Just waiting patiently to strike.

jus got home..thats what i like to see..would love to see a few more big dogs step in here today too and chomp..imagine what a 50k buyer would do here

iseg is off the ask but on the bid;)

it was very risky i agree there, a -60% haircut is a chit load of damage done to the stock and i find these plays and try to catch them at the lowest entry possible, buy and milk it for some cash and dump. im not sure if you gamble like a mad man like i do but this method works, i got very nervous here and didnt ride it for an extra 10 min like i should of, damn!

agreed..BRB need my red bull..keep er up buddy!Eom

Still strong interest here judging by L2 movement. News would def light this up.