UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

~~FORM~~Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~January~~Date of Report (Date of earliest event reported) June 3019, 2007

Date of Report (Date of earliest event reported)

CANYON BANCORP

(Exact name of registrant as specified in its charter)

California

333-135607

20-4346215

(State or other jurisdiction of

incorporation or organization)

(Commission File No.)

(I.R.S. Employee

Identification No.)

1711 E. Palm Canyon Drive, Palm Springs, CA 92264

(Address of principal executive offices) (Zip code)

(Zip code)

(760) 325-4442

(Registrant’s telephone number including area code)

(Former name or former address, if changed since last report) Not applicable

(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 (see General Instruction A.2. below):

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

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

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

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

ITEM 2 5.02 ~~RESULTS~~DEPARTURE OF ~~OPERATIONS~~DIRECTORS ~~AND~~OR ~~FINANCIAL~~CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On ~~January~~June 3019, 2007, ~~Canyon~~the ~~Bancorp~~Board ~~issued~~of aDirectors ~~press~~of ~~release~~Canyon ~~announcing~~National ~~its~~Bank ~~unaudited~~approved ~~financial~~an ~~results~~Amendment ~~for~~to the ~~year~~Salary ~~ended~~Continuation ~~December~~Agreement dated May 3115, 2006 between Canyon National Bank and Stephen G. AHoffmann, ~~copy~~the President and Chief Executive Officer of ~~the~~Canyon ~~press~~National ~~release~~Bank. isPursuant ~~attached~~to the Agreement, as ~~Exhibit~~amended, 99Mr.1 Hoffmann will be entitled to ~~this~~a retirement benefit vesting at the rate of $12,000 ~~Current~~per ~~Report.~~year ~~The~~for ~~information~~2006, 2007 and 2008, or a maximum benefit of $36,000 per year payable in ~~this~~monthly ~~report~~installments ~~(including~~following ~~Exhibit~~his ~~99.1)~~severance isfrom ~~being~~employment ~~furnished~~after ~~pursuant~~he toattains ~~Item 2~~normal retirement age.02 ~~and~~The ~~shall~~vesting ~~not~~requirement befor ~~deemed~~the to2006 bebenefit, ~~“filed”~~which ~~for~~required that ~~purposes~~Canyon ofNational ~~Section 18~~Bank ofachieve ~~the~~an ~~Securities~~annul ~~Exchange~~return ~~Act~~on beginning equity of ~~1934~~at least 15%, aswas ~~amended (the~~previously ~~“Exchange~~met, ~~Act”)~~and orMr. Hoffmann’s ~~otherwise~~2006 ~~subject~~plan benefit has vested. The amendment to the ~~liabilities~~Salary Continuation Agreement (i) removes the requirement of ~~that~~future ~~section,~~performance ~~nor~~goals ~~shall~~in itorder befor ~~deemed~~Mr. Hoffmann to bevest ~~incorporated~~in byhis ~~reference~~2007 inand ~~any~~2008 ~~filing~~plan ~~under~~benefit, ~~the~~and ~~Securities~~(ii) adds ~~Act~~language ofto ~~1933,~~comply aswith ~~amended,~~Section 409(A) orof the ~~Exchange~~Internal ~~Act.~~Revenue Code relating to nonqualified deferred compensation plans.

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

(c)

Exhibits

Exhibit Number		Description
ExhibitNumber		Description
99.1		Press Release dated January 30, 2007
10.17		First Amendment to Salary Continuation Agreement dated June 19, 2007 between Stephen G. Hoffmann and Canyon National Bank.

SIGNATURES

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

Dated: January 31, 2007	CANYON BANCORP
Dated: June 21, 2007	CANYON BANCORP
	By:	/s/ Jonathan J. Wick
	~~Jonathan J. Wick, Chief Operating Officer, Executive Vice President and Chief Financial Officer~~	Jonathan J. Wick, Chief Operating Officer, Executive Vice President and Chief Financial Officer

Exhibit Index

Exhibit No.		Exhibit Title
99.1		Press Release dated January 30, 2007
10.17		First Amendment to Salary Continuation Agreement dated June 19, 2007 by and between Stephen G. Hoffmann and Canyon National Bank

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