Lawyers Luce Forward Work On First West Coast Public Offering Of Trust Preferred Securities For Temecula Valley Bancorp Inc

SAN DIEGO (February 15, 2008) – Luce, Forward, Hamilton & Scripps today announced it represented Howe Barnes as underwriter of the public offering of trust preferred securities for Temecula Valley Bancorp Inc.

The offering represents the very first public offering of trust preferred securities by a bank holding company on the West Coast in many years. Luce Forward’s financial institutions/public securities group counseled Howe Barnes through the entire process over several months. This project was particularly challenging because of the lack of recent precedent in the public securities marketplace for this type of offering. Luce Forward successfully brought to bear both its expertise in complex financing and its experience in the public markets in the successful launch of this offering.

“We added unique value to this transaction because we are one of the few firms able to weave two distinct skill sets into a successful service to the client,” said Kurt L. Kicklighter, Esq., the leader of the Luce Forward team. “First, we had to be intimately familiar with the myriad of documents and requirements for this type of debt financing. And second, we had to be mindful of the unique interplay of this type of financing with public market regulation and helped assure compliance with FRB, SEC, NASDAQ, Trust Indenture Act, and FINRA requirements.”

Rounding out the Luce Forward team were Kate Park Hong (commercial finance), Kurt Oreshack (FINRA), and Frank Gebauer (securities).

Public offerings of trust preferred securities transactions are uncommon, with only a few taking place nationwide each year. Temecula Valley Bancorp Inc. plans to use the proceeds from the transaction to support its growth, repurchase shares of its common stock, and for general corporate purposes.

Founded in 1873, Luce, Forward, Hamilton & Scripps LLP is a full-service California law firm with offices in San Diego, San Francisco, Carmel Valley/Del Mar, Los Angeles, Orange County, and Rancho Santa Fe. For more information, visit

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