TMCV - Temecula Valley Bancorp Inc

[FreshlyBlended]

Temecula Valley Bancorp Inc. (NASDAQ: TMCV) was established in June 2002 and operates as a holding company for Temecula Valley Bank which was founded in 1996 and is headquartered in Temecula, California.

A full range of commercial banking services are provided to small and middle-market businesses and individuals. Community-focused banking offices offer business loans and lines of credit. In addition, competitive business and personal deposit products are provided, including checking, money market, and time deposit accounts. Online banking, bill payment and cash management services are also available, including remote deposit capture, electronic funds transfer through ACH and wires, and other business services. Regional commercial and SBA loan offices are located throughout the state of California. The Bank is an SBA Preferred Lender.

As of December 31, 2008, the bank operated eleven full service banking offices in Riverside, San Diego and San Bernardino counties

Temecula Valley Bank - Home Page

This stock is one of they many struggling bank stock out there. Except this stock has a book value of almost $9 and is trading at $0.30!!

The Float is 8.092 Million with 10.04 Million Shares. Even if the bank fails and gets bought out the sale price would be close to the book value IMO. Even if half the book value your looking at a great deal. According to istockanalyst the CEO says they have had over 20 interested buyers in purchasing the bank.

It really look like this bank is going to make it. Check out this PR

06/01/2009 - Temecula Valley Bancorp Enters Into Non-Binding LOI with Private Equity Funds for up to $210 Million Cash Infusion
Temecula Valley Bancorp Enters Into Non-Binding LOI with Private Equity Funds for up to $210 Million Cash Infusion - Yahoo! Finance

[OH-IO]

I am getting total equity from the Q1 balance sheet to be $10m with just over 10M shares out. So about $1 pps. Although from the 2008 annual balance sheet of ($46.62M)to the Q1 of $10M, total equity has gone down by a factor of 4. If you continue that out you are looking at about $.25pps, which is pretty close to what the pps is sitting at now.

who knows they might be able to turn things around like my beloved FITB and make some coin after the Q2 report comes out. With them being heavy into construction and real estate i doubt it.