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Temecula Valley saves by cutting salaries, Temecula Valley Bancorp's restructuring.

Publication: San Diego Business Journal
Publication Date: 26-JAN-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Temecula Valley saves by cutting salaries, Temecula Valley Bancorp's restructuring.(FINANCE)

Article Excerpt
Temecula Valley Saves By Cutting Salaries: Temecula Valley Bancorp's restructuring, announced this month, resulted in the layoff of 36 employees, which the bank says should help save $10 million annually.

But perhaps the biggest savings comes from its two highest paid employees, Steve Wacknitz, former chairman, CEO and president,...

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