Temecula Valley Bancorp Inc. Announces NASDAQ Listing
July 20 2005 - 3:05PM
Business Wire
Temecula Valley Bancorp Inc. (the "Company") (OTCBB:TMCV) has
announced that the Company's stock will be traded on The Nasdaq
National Market beginning Friday, July 29, 2005 under the symbol
TMCV. The Company's stock will continue to trade on the OTC
Bulletin Board through the close of trading on Thursday, July 28,
2005 under the symbol TMCV Our substantial prospective growth as
well as our continuing desire to maintain our position as an
independent, publicly owned company," stated Stephen H. Wacknitz,
President/CEO, "will be aided by the listing our stock on Nasdaq."
Mr. Wacknitz continued, stating, "this is a significant milestone
in our Company's development and I could not be more pleased with
our progress and the efforts of everyone at the Company in making
this happen. We feel that moving to The Nasdaq National Market will
provide the Company better access to capital markets and provide
greater visibility and an expanded base of potential investors for
our stock, resulting in increased liquidity for our shareholders."
Temecula Valley Bank, the Company's principal subsidiary, was
established in 1996 and operates full service offices in Temecula,
Murrieta, Corona, Fallbrook, Escondido, Rancho Bernardo, El Cajon,
Indian Wells and Corona. The Company was established in June 2002
and operates as a 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 through out the United
States. The Bank's website is 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
United States government, and general economic conditions.
Additional information on these and other factors that could affect
financial results are included in its Securities and Exchange
Commission filings which can be accessed at www.sec.gov.
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