Bailout Bank Bio: TIB Financial

Jan 7, 2009 | 1 min read | Print Article

TIB Financial Corp. is a financial holding company with several subsidiaries: TIB Bank, The Bank of Venice and Naples Capital Advisors, Inc. As of March 2008, it operated 20 banking offices in Florida that are located in Monroe, Miami-Dade, Collier, Lee, Highlands, and Sarasota counties. The company is headquartered in Naples, Florida. TIB will receive $37 million through the Treasury Department’s Capital Purchase Program in exchange for senior preferred stock, in addition to the Treasury’s receipt of warrants to purchase $5.5 million of TIB common stock.

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Bailout Bank Bio: TIB Financial


Federal Equity Investment	$37 million
Total Revenue	$101.76 million
Net Income	-$2.42 million
Number of Employees	337
Corporate Headquarters	Naples, Florida
Business Sector	Financial
Officers and Directors	Thomas J. Longe, Chairman of the Board of the Company and the Bank Edward V. Lett, Vice Chairman of the Board, President Stephen J. Gilhooly, Chief Financial Officer, Executive Vice President, Treasurer; Chief Financial Officer of the Bank
Corporate Website	http://www.tibbank.com
Executive Compensation	TIB Financial Corporation