 North American Financial Holdings, Inc. to invest $175 million in TIB Financial Corp. TIB Financial Corp. 2009 Annual Report on Form 10-K TIB Financial Corp. (Nasdaq: TIBB) is a financial services company with approximately $1.7 billion in total assets and 28 full-service banking offices in Naples, Bonita Springs, Fort Myers, Cape Coral, Nokomis, Venice, Homestead, and the Florida Keys. Headquartered in Naples, Florida, the Company is traded on the Nasdaq Stock Market under the ticker symbol TIBB. The Company conducts business primarily through its wholly owned subsidiary, TIB Bank. TIB Bank was established in 1974 as "The Islamorada Bank" in Islamorada, Florida. As the bank expanded throughout the Florida Keys the name was changed to "TIB Bank of the Keys." TIB Bank was founded on the principles of exceptional attention to the needs of its customers and the highest quality financial services. The Bank has since expanded to become the dominant full-service commercial bank in the Florida Keys and a leading locally-managed force within its wider contiguous marketplace of Collier, Lee, South Miami-Dade, and Monroe counties. On December 8, 2008, TIB Bank was approved to exercise trust powers. On February 13, 2009, TIB Bank assumed all the deposits of Riverside Bank of the Gulf Coast, excluding brokered deposits, from the Federal Deposit Insurance Corporation, resulting in the assumption of approximately $317 million of deposits. On April 30, 2007, TIB Financial Corp. acquired The Bank of Venice. The regulatory authorities approved the application submitted by TIB Bank to merge The Bank of Venice into TIB Bank. The merger will simplify the Company’s organizational structure, improve operational efficiency and integrate the delivery of state of the art banking services to individuals and businesses in the Venice market area. The merger was consummated on Friday, September 25, 2009. During the first quarter of 2008, TIB Financial Corp. completed the acquisition of Naples Capital Advisors, Inc., introducing integrated private banking and wealth management financial services. For more information on Naples Capital Advisors' products and services, visit www.naplescapitaladvisors.com. TIB Financial Corp., through its wholly-owned subsidiary, TIB Bank, serves the personal and commercial banking needs of local residents and businesses in their market areas. The Bank's experienced bankers are local community leaders, who focus on a relationship-based approach built around anticipating specific customer needs, providing sound advice and making timely decisions. For more information on each bank's products and services, visit www.tibbank.com. Click here to view the latest press releases |
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