TEMECULA, Calif. - (Business Wire) Temecula Valley Bank, the subsidiary of Temecula Valley Bancorp Inc. (NASDAQ: TMCV), today announced the formation of a new Bank Advisory Board. Jeff Stone, Chairman of the Board of Supervisors of Riverside County, has been named as the first advisory board member representing the pulse of the communities in the Bank’s Southwest California markets. “An essential component of a successful community bank is the involvement of individuals who are strategic community leaders,” said Frank Basirico, Chief Executive Officer. “As we return to our community banking roots, we have initiated the formation of a Bank Advisory Board as a natural next step to refocusing our attention to our community markets,” continued Mr. Basirico.
“I am extremely pleased to be associated with Temecula Valley Bank in this new endeavor. I have a high regard for the efforts and contributions made by the Bank and staff over the past many years in support of the growth and health of our communities,” said Supervisor Jeff Stone. “During these difficult times I feel it is especially important to support the Bank’s return to hometown commitment and I’ve come back because the staff truly does know their customers by name. One significant caveat of my participation was that there be absolutely no compensation nor implication of any campaign contribution,” emphasized Mr. Stone.
“Additional candidates for Advisory Board membership will be selected from staff or board recommendations of current or prospective customers that represent various industry backgrounds, based upon their knowledge, prominence and involvement in their local communities,” stated Joan Sparkman, Community Relations Senior Vice President.
Participation as Advisory Board members involves no compensation. Members will consult with bank executives and provide suggestions on how the Bank might better serve local communities on a wide range of strategic and market issues, including product and service offerings, business development and growth, as well as economic, industry, political and social matters.
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.
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Temecula Valley Bancorp Inc.
Frank Basirico, CEO, 951-694-9940
