From Wall Street to Main Street How are local banks coping with the tough economy?

This is the third in a series of articles featuring interviews with local financial institutions to find out how their role in the community has changed in light of the financial crisis of the last 19 months.

Temecula Valley Bank

Temecula Valley Bank made national financial news in December when it was announced that the bank’s founding CEO and chairman, Stephen Wacknitz, was abruptly retiring. The bank has not otherwise commented on the resignation but that announcement was shortly followed with announcements by new CEO Frank Basirico that signaled a strategic change in direction for the bank...