8-K

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): December 21, 2007

BANK OF COMMERCE HOLDINGS

(Exact name of Registrant as specified in its charter)

California
(State or other jurisdiction
of incorporation or organization) 0-25135
(Commission File Number) 94-2823865
(I.R.S. Employer
Identification No.)

1951 Churn Creek Road
Redding, California
(Address of principal executive
offices) 96002
(Zip Code)

Registrant’s telephone number, including area code: (530) 722-3955

N/A

(Former Name or Former Address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:

Common Stock, no par value per share

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 142-12 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^© under the Exchange Act (17 CFR 240.13e-4(c ))

Indicate the number of shares outstanding of each of the issuer’s class of common stock, as of the latest practicable date. December 10, 2007: 8,755,254

Section 8 — Other Events

Item 8.01. Other Events

Bank of Commerce Holdings has filed a 10b-5 purchase plan to repurchase up to 58,800 shares of common stock at a price not to exceed $8.50 per share.

Section 9 — Financial Statements and Exhibits.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

10b-5 Stock Repurchase Plan Bank of Commerce Holdings

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.

December 21, 2007	/s/ Linda J. Miles
	By: Linda J. Miles
	Executive Vice President & Chief Financial Officer

EX-99.1

Exhibit 99.1

December 18, 2007

To:	John Cavender
	Howe Barnes Hoefer & Arnett (“Broker”)
Re:	Bank of Commerce Holdings (“Issuer”)
	Broker Instructions for SEC Rule 10b18 Plan

This Stock Repurchase Plan (“Plan”) will run from January 1, 2008 to March 31, 2008 (“Order Period”). Broker must comply at all times with the provisions of SEC Rule 10b-18 (“10b-18”) under the Securities Exchange Act of 1934, as amended, and all other SEC rules pertaining to common share repurchases for each purchase of shares under this Plan.

Under this Plan, Issuer instructs Broker to purchase up to 58,800 common shares of Issuer’s common stock for the benefit of Issuer’s stock repurchase account at a price of no more than $8.50 per share. On each day during the Order Period in which the Nasdaq Market (the “Market”) is open and the Stock trade’s regular way in the Market, Broker can execute trades in an aggregate quantity not to exceed the daily share limit prescribed by 10b-18. Issuer agrees to pay a commission of 10 cents per share and shall pay no more than $8.50 per share, before commissions.

It is the intent of the parties that this Plan comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and this Plan shall be interpreted to comply with the requirements of Rule 10b5-1(c). Furthermore, this Plan has been approved as a 10b5-1 trading plan by Issuer’s Chief Compliance Officer or outside legal counsel.

Issuer may modify or terminate this Plan at any time by giving written notice to Broker.

Please notify me no later than one business day following each purchase of shares pursuant to this Plan with the number of shares purchased and the purchase price per share.

Sincerely,
 
 

Linda Miles
Chief Financial Officer
Bank of Commerce Holdings