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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">UNITED STATES</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">Washington, D.C. 20549</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FORM
8-K</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">CURRENT REPORT</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">PURSUANT TO SECTION 13 OR 15(d)</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;March 31, 2009</div>
                </td>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;&#160;Date of Report (Date of earliest event
      reported)</div>
                </td>
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        </div>
        <div>&#160;</div>
        <div><img src="logo.jpg" alt=""></div>
        <div>&#160;</div>
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                <td colspan="3" width="100%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;VINEYARD NATIONAL
      BANCORP</font></div>
                </td>
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                <td colspan="3" width="100%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;&#160;(Exact name of registrant as specified in
      its charter)</div>
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        <div>&#160;</div>
        <div>&#160;</div>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;California</div>
                </td>
                <td width="40%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">000-20862</div>
                </td>
                <td width="30%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;33-0309110</div>
                </td>
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;(State or other jurisdiction of incorporation)</div>
              </td>
              <td width="40%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;(Commission File Number)</div>
              </td>
              <td width="30%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;(IRS Employer Identification
No.)</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</div>
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        <table bgcolor="white" cellpadding="0" cellspacing="0" width="70%">
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              <td width="70%" style="BORDER-BOTTOM: black 2px solid">1260 Corona Pointe
      Court, Corona, California<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</td>
              <td width="30%" style="BORDER-BOTTOM: black 2px solid">92879</td>
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                <td width="70%">&#160;(Address of principal executive offices)<font id="TAB1" style="LETTER-SPACING: 9pt">&#160;</font></td>
                <td width="30%">&#160;(Zip Code)</td>
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        <div>&#160;</div>
        <div>&#160;</div>
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                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;(951) 271-4232</div>
                  </td>
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                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;(Registrant&#8217;s telephone number, including area
      code)</div>
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          </div>
          <div>&#160;</div>
          <div>&#160;</div>
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                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;Not Applicable</div>
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                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;(Former name, former address and former fiscal
      year, if changed since last
report)</div>
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                </tr>
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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="center">
        <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">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):</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="DISPLAY: inline;" face="Wingdings">o </font>Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="DISPLAY: inline;" face="Wingdings">o </font>Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="DISPLAY: inline;" face="Wingdings">o </font>Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font style="DISPLAY: inline;" face="Wingdings">o </font>Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</div>
      </div>
    </div>
    <div>&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.3; MARGIN-RIGHT: 0pt" align="justify"><br><font style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;<br></font>

        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Item
1.01.&#160;&#160;Entry into a Material Definitive Agreement.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman"><br><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">&#160;</font></font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="left">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Second
Modification to Stock Purchase Agreement</font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: normal; FONT-FAMILY: times new roman">As
previously announced, Vineyard National Bancorp (the &#8220;Company&#8221;) entered into a
stock purchase agreement (the &#8220;Purchase Agreement&#8221;), dated November 12, 2008,
with Vineyard Bancshares, Inc., a newly formed Minnesota corporation (the
&#8220;Buyer&#8221;), pursuant to which the Company agreed to sell to the Buyer all of the
outstanding shares of stock of the Company&#8217;s primary asset, Vineyard Bank,
National Association (the &#8220;Bank&#8221;). On March 31, 2009, the Company entered into
an amendment (the "Second Amendment") to the Purchase Agreement. The Second
Amendment extends the date by which both parties can terminate the agreement for
the failure to satisfy the financing condition to May 22, 2009.&#160;&#160;The
Second Amendment is filed as Exhibit 2.1 to this Current Report on Form 8-K and
is incorporated herein by reference.</font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Eighth&#160;Modification
Agreement</font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: normal; FONT-FAMILY: times new roman">Effective&#160;March
31, 2009, the Company and the senior lender, First Tennessee Bank, National
Association (the &#8220;Senior Lender&#8221;) entered into that certain&#160;Eighth
Modification Agreement and Covenant Waiver (the &#8220;Modification Agreement&#8221;) which,
among other things, extended the maturity date of the Company&#8217;s loan (the
&#8220;Loan&#8221;) from the Senior Lender from March 31, 2009 to&#160;May 22, 2009, and
granted and/or extended the waiver by the Senior Lender of certain financial and
other covenant failures of the Company, including signing the consent&#160;order
with the Office of the Comptroller of the Currency, signing the written
agreement with the Federal Reserve Bank of San Francisco and entering into the
Purchase Agreement with the Buyer, all of which constituted or could constitute
events of default,&#160;through&#160;May 22, 2009.&#160;&#160;The outstanding
principal balance of the loan was $48,300,000 at&#160;March 31,
2009.&#160;</font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: normal; FONT-FAMILY: times new roman">The
foregoing summary of the Modification Agreement is qualified in its entirety by
reference thereto, a copy of which has been filed as Exhibit 10.1 to this
Current Report on Form 8-K, and is incorporated herein by
reference.</font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Modification
Loan Payoff Agreement</font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;As previously
announced, in connection with the execution of the Purchase Agreement, the
Company and the Buyer entered into a letter agreement (the &#8220;Letter Agreement&#8221;)
with the Senior Lender pursuant to which the Company agreed to pay to the Senior
Lender at least $9.0 million from the Initial Purchase Price (the &#8220;Initial
Payoff&#8221;) in full satisfaction of the Company&#8217;s indebtedness and obligations
under the Loan.&#160;&#160;Further, the Senior Lender may receive the Additional
Purchase Price of $8.0 million if<font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font>the
Bank&#8217;s loan losses, which include losses associated with other real estate
owned.</font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: normal; FONT-FAMILY: times new roman">On
March 31, 2009, the Company entered into an amendment to the&#160;letter
agreement (the &#8220;Amended Letter Agreement&#8221;). The Amended Letter Agreement extends
the Initial Payoff from no later then March 31, 2009 to no later than May 22,
2009.&#160;&#160;The Amended Letter Agreement is filed as Exhibit 10.2 to this
Current Report on Form 8-K and is incorporated herein by
reference.</font></div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
          </div>
        </div>
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Item&#160;9.01.&#160;&#160;Financial
Statements and Exhibits.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">(d)&#160;Exhibits.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
            <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
            <div>
              <table cellpadding="0" cellspacing="0" width="100%">
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                    <td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Exhibit
      Number</font></div>
                      </div>
                    </td>
                    <td valign="bottom" width="75%" style="BORDER-BOTTOM: black 2px solid">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Description</font></div>
                      </div>
                    </td>
                  </tr>
                  <tr>
                    <td valign="top" width="15%">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">2.1</font></div>
                    </td>
                    <td align="left" valign="top" width="75%">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman, serif"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman"><font style="FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Amendment No.&#160;2
      to Stock Purchase Agreement, dated as of March 31, 2009, by and between
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                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">Eighth&#160;&#160;Modification
      Agreement and Covenant Waiver effective March 31, 2009 between Vineyard
      National Bancorp and First Tennessee Bank, National
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      National Bancorp and First Tennessee, Bank National
      Association.</font></div>
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      </font></td>
                  <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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                  <td colspan="2" valign="middle" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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      1, 2009</font></div>
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      </font></td>
                  <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
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      </font></td>
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      </font></td>
                  <td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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form8-k.htm
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
March 31, 2009
Date of Report (Date of earliest event
      reported)
VINEYARD NATIONAL
      BANCORP
(Exact name of registrant as specified in
      its charter)
California
000-20862
33-0309110
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification
No.)
1260 Corona Pointe
      Court, Corona, California
92879
(Address of principal executive offices)
(Zip Code)
(951) 271-4232
(Registrant's telephone number, including area
      code)
Not Applicable
(Former name, former address and former fiscal
      year, 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):
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
1.01.  Entry into a Material Definitive Agreement.
Second
Modification to Stock Purchase Agreement
As
previously announced, Vineyard National Bancorp (the "Company") entered into a
stock purchase agreement (the "Purchase Agreement"), dated November 12, 2008,
with Vineyard Bancshares, Inc., a newly formed Minnesota corporation (the
"Buyer"), pursuant to which the Company agreed to sell to the Buyer all of the
outstanding shares of stock of the Company's primary asset, Vineyard Bank,
National Association (the "Bank"). On March 31, 2009, the Company entered into
an amendment (the "Second Amendment") to the Purchase Agreement. The Second
Amendment extends the date by which both parties can terminate the agreement for
the failure to satisfy the financing condition to May 22, 2009.  The
Second Amendment is filed as Exhibit 2.1 to this Current Report on Form 8-K and
is incorporated herein by reference.
Eighth Modification
Agreement
Effective March
31, 2009, the Company and the senior lender, First Tennessee Bank, National
Association (the "Senior Lender") entered into that certain Eighth
Modification Agreement and Covenant Waiver (the "Modification Agreement") which,
among other things, extended the maturity date of the Company's loan (the
"Loan") from the Senior Lender from March 31, 2009 to May 22, 2009, and
granted and/or extended the waiver by the Senior Lender of certain financial and
other covenant failures of the Company, including signing the consent order
with the Office of the Comptroller of the Currency, signing the written
agreement with the Federal Reserve Bank of San Francisco and entering into the
Purchase Agreement with the Buyer, all of which constituted or could constitute
events of default, through May 22, 2009.  The outstanding
principal balance of the loan was $48,300,000 at March 31,
2009.
The
foregoing summary of the Modification Agreement is qualified in its entirety by
reference thereto, a copy of which has been filed as Exhibit 10.1 to this
Current Report on Form 8-K, and is incorporated herein by
reference.
Modification
Loan Payoff Agreement
As previously
announced, in connection with the execution of the Purchase Agreement, the
Company and the Buyer entered into a letter agreement (the "Letter Agreement")
with the Senior Lender pursuant to which the Company agreed to pay to the Senior
Lender at least $9.0 million from the Initial Purchase Price (the "Initial
Payoff") in full satisfaction of the Company's indebtedness and obligations
under the Loan.  Further, the Senior Lender may receive the Additional
Purchase Price of $8.0 million if
the
Bank's loan losses, which include losses associated with other real estate
owned.
On
March 31, 2009, the Company entered into an amendment to the letter
agreement (the "Amended Letter Agreement"). The Amended Letter Agreement extends
the Initial Payoff from no later then March 31, 2009 to no later than May 22,
2009.  The Amended Letter Agreement is filed as Exhibit 10.2 to this
Current Report on Form 8-K and is incorporated herein by
reference.
Item 9.01.  Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit
      Number
Description
2.1
Amendment No. 2
      to Stock Purchase Agreement, dated as of March 31, 2009, by and between
      Vineyard National Bancorp and Vineyard
Bancshares,
      Inc.
10.1
Eighth  Modification
      Agreement and Covenant Waiver effective March 31, 2009 between Vineyard
      National Bancorp and First Tennessee Bank, National
      Association.
10.2
Amendment
      to Letter Agreement effective March 31, 2009 between Vineyard
      National Bancorp and First Tennessee, Bank National
      Association.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Vineyard
      National Bancorp
(Registrant)
Dated: April
      1, 2009
By:
/s/
James
      G. LeSieur III
Name:
James
      G. LeSieur III
Title:
Interim Chief
      Financial Officer