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) June 19, 2007

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)

(760) 325-4442

(Registrant’s telephone number including area code)

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

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 5.02

DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On June 19, 2007 the Board of Directors of Canyon National Bank approved an Amendment to the Salary Continuation Agreement dated May 15, 2006 between Canyon National Bank and Stephen G. Hoffmann, the President and Chief Executive Officer of Canyon National Bank. Pursuant to the Agreement, as amended, Mr. Hoffmann will be entitled to a retirement benefit vesting at the rate of $12,000 per year for 2006, 2007 and 2008, or a maximum benefit of $36,000 per year payable in monthly installments following his severance from employment after he attains normal retirement age. The vesting requirement for the 2006 benefit, which required that Canyon National Bank achieve an annul return on beginning equity of at least 15%, was previously met, and Mr. Hoffmann’s 2006 plan benefit has vested. The amendment to the Salary Continuation Agreement (i) removes the requirement of future performance goals in order for Mr. Hoffmann to vest in his 2007 and 2008 plan benefit, and (ii) adds language to comply with Section 409(A) of the Internal Revenue Code relating to nonqualified deferred compensation plans.

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

(c)

Exhibits


Exhibit Number		Description
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: June 21, 2007	CANYON BANCORP

	By:	/s/ Jonathan J. Wick
		Jonathan J. Wick, Chief Operating Officer, Executive Vice President and Chief Financial Officer

Exhibit Index


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

Canyon Bancorp 8-K