Temecula bank agrees to FDIC cease-and-desist order

State and federal banking regulators are putting some heavy restrictions on Temecula Valley Bank so it won't slide into financial ruin.

On Wednesday, Temecula Valley Bancorp - the parent of the bank - said the bank agreed to a cease-and-desist order issued by the Federal Deposit Insurance Corp. and California Department of Financial Institutions, which mandates the bank abide by numerous management and lending rules.