UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~March~~April 3016, 2010

Tamalpais Bancorp

(Exact name of registrant as specified in its charter)

California		0000-50878		68-0175592
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

~~630~~P.O. ~~Las~~Box ~~Gallinas Ave.~~151627

San Rafael, California ~~94903~~94915-1627

(Address of principal executive offices including Zip Code)

(415) 526-6400

(Registrant’s telephone number, including area code)

~~Not~~630 ~~Applicable~~Las Gallinas Avenue

San Rafael, California 94903

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 81.~~01.~~03 ~~Other~~– ~~Events~~Bankruptcy or Receivership.

On ~~March~~April 3016, 2010, Tamalpais Bank (the “Bank”), athe wholly-owned banking subsidiary of Tamalpais Bancorp (the “~~Company~~Registrant”), ~~completed~~and ~~the~~its ~~sale~~principal ofasset, ~~$28.3~~was ~~million~~closed inby ~~principal~~the ~~amount~~California Department of ~~certain~~Financial ~~substandard-performing~~Institutions, and ~~nonperforming loans to an unrelated third party investor pursuant to~~ the ~~terms~~Federal ofDeposit aInsurance ~~loan~~Corporation ~~sale agreement~~ (~~the~~ “~~Loan Sale Agreement~~FDIC”), ~~which~~was ~~contained~~appointed ~~customary~~as ~~terms,~~receiver ~~conditions and covenants. The Company received net proceeds~~ of ~~approximately~~the ~~$15~~Bank.4 ~~million~~As indicated in ~~connection with~~ the ~~sale~~FDIC ~~and~~press ~~will~~release ~~realize~~dated aApril ~~pre-tax~~16, ~~gain of approximately $0.6 million in its first quarter~~ 2010, ~~earnings~~subsequent asto athe ~~result~~closure, ofUnion ~~this~~Bank, ~~sale~~N.A. ~~The~~of ~~net~~San ~~proceeds~~Francisco, ~~from~~California ~~the~~(“Union ~~sale~~Bank”) ~~are~~acquired ~~being~~substantially ~~used~~all toof ~~pay~~the ~~down FHLB borrowings as they mature, pay off Brokered time~~ deposits ~~as they mature~~ and ~~bolster~~assets ~~on-balance-sheet~~of ~~liquidity until~~ the ~~funds~~Bank ~~are~~from ~~needed~~the toFDIC ~~meet~~as ~~these~~receiver orof ~~other~~the ~~obligations~~Bank.

~~The~~As ~~determination~~a toresult ~~sell~~of ~~these loans and enter into~~ the ~~Loan~~FDIC ~~Sale~~being ~~Agreement~~appointed ~~was~~receiver ~~made~~of by the Bank, ~~following~~the aRegistrant ~~nationwide~~expects ~~bidding~~to ~~process~~cease ~~conducted~~all ~~with~~business ~~the~~activity ~~assistance~~and ofoperations asince ~~loan sales advisor engaged by~~ the Bank. ~~The~~was ~~loans~~the ~~were~~Registrant’s aprimary ~~mix~~source of ~~multifamily and commercial real estate loans secured by properties located in Northern California~~revenue.

2On April 19, 2010, the seven offices of the Bank will reopen as branches of Union Bank. Customers who have questions about the foregoing matters, or who would like more information about the closure of the Bank, can visit the FDIC’s Internet website located at http://www.fdic.gov/bank/individual/failed/Tamalpais.html or call the FDIC toll-free at 1-800-830-4706.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TAMALPAIS BANCORP
Date: April 2, 2010	By:	/s/ Mark Garwood
Date: April 19, 2010	By:	/s/ Mark Garwood
		Mark Garwood
		(Chief Executive Officer)
		Chief Executive Officer

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