Document:

Exhibit 10.1 - Chairman Appointment, New Directors and Executive
               Officers/Compensation

Effective December 17, 2008:

          Neil M.  Cleveland,  57, was elected to serve as Chairman of the Board
          of Directors of Temecula Valley Bancorp Inc.  ("Company") and Temecula
          Valley Bank ("Bank").

          Frank  Basirico,  Jr. and Martin E. Plourd were elected by the members
          of the  Board of  Directors  of the  Company  and the  Bank to  become
          members of the Board of  Directors  of the Company and the Bank.  This
          action  was taken by the  respective  Boards  on  December  17,  2008.
          Committee memberships have not been determined.

          Frank Basirico, Jr., 54, was appointed by the respective Boards to the
          positions of Chief Executive Officer of the Company and the Bank. Upon
          the  recommendation  of  the  executive  compensation  committee,  and
          subsequent  approval of the Board of Directors of the Bank,  effective
          January 1, 2009, Mr.  Basirico's annual base salary will increase from
          $275,000 to $290,000.  The increase was based upon: an in-depth review
          of  compensation  levels at the Bank and in relation  to the  salaries
          paid by the Bank's peers;  the  challenging  environment  in which the
          Bank currently  operates;  Mr. Basirico's prior effective  performance
          and contributions;  and the increased duties and  responsibilities  in
          the new position.  Except for this amendment to his annual base salary
          amount,  the terms of Mr.  Basirico's  compensation  arrangements have
          been  previously  filed and can be located in the Company's  Forms 8-K
          filed on February 16, 2006,  December 27, 2006, July 27, 2007, January
          15,  2008,  February 1, 2008 and April 8, 2008;  Exhibit  10.39 to the
          Company's Form 10-K filed on March 31, 2006; and Exhibits 10.7,  10.50
          and 10.51 to the  Company's  From 10-K filed on March 17, 2008.  These
          filings are incorporated herein.

          Martin E. Plourd,  50, was appointed by the  respective  Boards to the
          positions  of  President  of  the  Company  and  the  Bank.  Upon  the
          recommendation of the executive compensation committee, and subsequent
          approval of the Board of Directors of the Bank,  effective  January 1,
          2009, Mr.  Plourd's  annual base salary was increased from $189,000 to
          $250,000.  Mr.  Plourd  also  retained  the  title of Chief  Operating
          Officer.  The salary  increase was based upon:  an in-depth  review of
          compensation  levels at the Bank and in relation to the salaries  paid
          by the Bank's peers;  the  challenging  environment  in which the Bank
          currently  operates;  Mr.  Plourd's prior  effective  performance  and
          contributions;  and the increased duties and  responsibilities  in the
          new position. Except for this amendment to his annual base salary, Mr.
          Plourd's compensation  arrangements have been previously filed and can
          be located in the Company's Forms 8-K filed on July 26, 2005, March 7,
          2006, September 5, 2006, December 27, 2006, February,  27, 2007, March
          6, 2007,  July 27,  2007,  September  28,  2007 and  February 1, 2008;
          Exhibits 10.48 and 10.49 to the Company's Form 10-K filed on March 14,
          2007;  Exhibits  10.16 and 10.17 to the  Company's  Form 10-K filed on
          March 17, 2008. These filings are incorporated herein.

Cleveland Background. Mr. Cleveland is a real estate broker, developer,  manager
and consultant relative to commercial and industrial real estate, principally in
Southern  California.  He has been the co-owner of Rancho Land Associates  since
1980. Mr.  Cleveland has served on the Board of Directors of the Bank since 1996
and the Company sine 2002.  He is Chairman of the Stock Option  Committee  and a
member  of the  Executive  Committee.  He has  previously  assisted  the Bank in
negotiations dealing with bank leases and other real estate issues.

Basirico  Background:  Frank  Basirico,  Jr.  joined  the  Bank in 2006 as Chief
Administrative  Officer and Senior  Executive Vice President.  He was formerly a
Senior Loan Officer for Citizens Business Bank, a $6 billion bank  headquartered
in Southern  California.  Mr.  Basirico also served as the Chief Lending Officer
and Chief Operating  Officer for the Bank of Hemet and has more than 30 years of
banking  experience.  He  is a  graduate  of  California  State  University  San
Bernardino.
<PAGE>

Plourd Background: With more than 27 years of banking experience, Martin E.
Plourd joined the Bank in 2005. He previously served in increasingly senior
positions with Valley Independent Bank, First Interstate Bank and Security
Pacific National Bank. Mr. Plourd graduated from California State Polytechnic
University in Pomona with a degree in Agricultural Business Management and is a
graduate of the Stonier Graduate School of Banking at the American Bankers
Association.Exhibit 10.1

	
Amendment to Employment Agreement between Registrant and Michael N.
 Vittorio dated January 3, 2005

	
 

	
 

	
(THE FIRST OF LONG ISLAND CORPORATION
 LETTERHEAD)

December 15,
2008                    

Mr. Michael N. Vittorio

	
 

	
Re:

	
Letter Employment Agreement dated January
 3, 2005 (the “Agreement”)

Dear Mr. Vittorio:

          This
will serve to confirm that we have agreed to amend the captioned Agreement in
the following respects:

          1.          The
phrase “and within ten (10) days after” is hereby deleted from the first
paragraph of Section 4(A) of the Agreement.

          2.          The
following paragraph “F” is hereby added to Section 4 of the Agreement:

	
 

	
 

	
 

	
 

	
                  “F.          In
 the event that you shall become entitled to a Termination Payment pursuant to
 Section 4(A)(i) or Section 4(A)(ii) hereof, such payment shall be made to you
 within ten (10) days after the expiration of a period of six (6) months
 measured from the termination of your employment or your resignation, as the
 case may be. Subject to the foregoing limitation, the date of payment shall
 be determined by FLIC in its sole discretion.”

	
 

	
 

	
 

	
 

	
          3.          The
 following paragraphs “E” and “F” are hereby added to Section 7 of the
 Agreement:

	
 

	
 

	
 

	
 

	
 

	
                  “E.          “Termination”
 shall mean a separation from service, within the meaning of Internal Revenue
 Code Section 409A, (i) which results from a decision of the Bank to terminate
 your employment and (ii) by reason of which each of us anticipates that no
 further services will be provided by you hereunder subsequent to the
 effective date thereof.”

	
 

	
 

	
 

	
 

	
 

	
                  “F.          “Resignation”
 shall mean a separation from service, within the meaning of Internal Revenue
 Code Section 409A, (i) which results from a decision by you to resign your
 employment (including resignation for Good Reason) and (ii) by reason of
 which each of us anticipates that no further services will be provided by you
 hereunder subsequent to the effective date thereof.”

	
 

	
 

	
 

	
 

	
          4.          The
 following paragraph is hereby added to Section 11.1 of the Agreement:

	
 

	
 

	
 

	
 

	
          
 “The obligation of FLIC to pay such costs and expenses shall cease upon the
 date of entry of a final non-appealable judgment or other final determination
 in such proceeding and FLIC shall have no obligation to pay any costs or
 expenses incurred after that date. The amount of such costs and expenses
 which may become eligible for 

	
 

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payment to you during
 each of your taxable years (which shall be presumed to be the calendar year,
 unless you notify FLIC to the contrary in writing) shall not affect the costs
 and expenses eligible for reimbursement in any other taxable year. In no
 event shall such costs and expenses be paid to you later than the last day of
 your taxable year following the taxable year in which such cost or expense
 was incurred. The right to payment of such costs and expenses is not subject
 to liquidation or exchange for any other benefit.”

	
 

	
 

	
 

	
 

	
          Please
 confirm that the foregoing accurately sets forth our understanding by signing
 and returning the enclosed copy of this letter. The Agreement will thereupon
 be deemed amended in the foregoing respects. 

	
 

	
 

	
 

	
 

	
 

	
Very truly yours,

	
 

	
 

	
 

	
 

	
 

	
THE FIRST OF LONG ISLAND CORPORATION

	
 

	
 

	
 

	
 

	
By:

	
/s/ALLEN E. BUSCHING

	
 

	
 

	

	
 

	
 

	
COMPENSATION COMMITTEE CHAIR

	
 

	
 

	
 

	
Accepted and Agreed this

	
 

	
 

	
15TH day of December 2008

	
 

	
 

	
 

	
 

	
 

	
/s/MICHAEL N. VITTORIO

	
 

	
 

	

	
 

	
 

	
MICHAEL N. VITTORIO

	
 

	
 

3Exhibit 10.2

	
Amendment to Employment Agreement between Registrant and Sallyanne K.
 Ballweg dated December 13, 2007

(THE FIRST OF LONG ISLAND CORPORATION
LETTERHEAD)

December 15,
2008                    

Ms. Sallyanne K. Ballweg

	
 

	
 

	
 

	
 

	
Re:

	
Letter Employment Agreement dated December
 13, 2007 (the “Agreement”)

Dear Ms. Ballweg:

          This
will serve to confirm that we have agreed to amend the captioned Agreement in
the following respects:

          1.          The
phrase “and within ten (10) days after” is hereby deleted from the first
paragraph of Section 4.1 of the Agreement.

          2.          The
following Section 4.4 is hereby added to the Agreement:

	
 

	
 

	
 

	
 

	
                 “4.4.        In
 the event that you shall become entitled to a Termination Payment pursuant to
 Section 4.1 or Section 4.2 hereof, such payment shall be made to you within
 ten (10) days after the expiration of a period of six (6) months measured
 from the termination of your employment or your resignation, as the case may
 be. Subject to the foregoing limitation, the date of payment shall be
 determined by FLIC in its sole discretion.”

	
 

	
 

	
 

	
 

	
          3.          The
 following paragraphs “F” and “G” are hereby added to Section 7 of the
 Agreement:

	
 

	
 

	
                 “F.          “Termination”
 shall mean a separation from service, within the meaning of Internal Revenue
 Code Section 409A, (i) which results from a decision of the Bank to terminate
 your employment and (ii) by reason of which each of us anticipates that no
 further services will be provided by you hereunder subsequent to the
 effective date thereof.”

	
 

	
 

	
 

	
 

	
 

	
                 “G.          “Resignation”
 shall mean a separation from service, within the meaning of Internal Revenue
 Code Section 409A, (i) which results from a decision by you to resign your
 employment (including resignation for Good Reason) and (ii) by reason of
 which each of us anticipates that no further services will be provided by you
 hereunder subsequent to the effective date thereof.”

	
 

	
 

	
 

	
 

	
          Please
 confirm that the foregoing accurately sets forth our understanding by signing
 and returning the enclosed copy of this letter. The Agreement will thereupon
 be deemed amended in the foregoing respects.

4

	
 

	
 

	
 

	
 

	
 

	
Very truly yours,

	
 

	
 

	
 

	
 

	
 

	
THE FIRST OF LONG ISLAND CORPORATION

	
 

	
 

	
 

	
 

	
By:

	
/s/MICHAEL N. VITTORIO

	
 

	
 

	

	
 

	
 

	
MICHAEL N. VITTORIO

	
 

	
 

	
CHIEF EXECUTIVE OFFICER

	
 

	
 

	
 

	
Accepted and Agreed this

	
 

	
 

	
19th day of December 2008

	
 

	
 

	
 

	
 

	
 

	
/s/SALLYANNE K. BALLWEG

	
 

	
 

	

	
 

	
 

	
SALLYANNE K.
 BALLWEG

	
 

	
 

5

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