Temecula Valley Bancorp Inc. in California said Wednesday that Frank Basirico Jr. has been promoted to chief executive officer and that chief operating officer Martin E. Plourd has added the title of president.

The two succeed Stephen H. Wacknitz, whose "employment understanding was terminated," according to a Securities and Exchange Commission filing. Mr. Wacknitz had been chairman, president, and CEO of the $1.5 billion-asset company.

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