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800-233-6330
Friday, September 04, 2009
For Immediate Release
Contact: Vicki Walker
Title: Corporate Secretary
Phone: (305) 451-4660
TIB Financial Corp. Announces a Special Meeting of Shareholders September 23, 2009
NAPLES, Fl. August 21, 2009 -TIB Financial Corp. (NASDAQ:TIBB), parent company of TIB Bank, The Bank of Venice and Naples Capital Advisors, leading financial services providers serving Southwest Florida, South Miami-Dade County and the Florida Keys, today announced it is holding a Special Meeting of Shareholders at the Key Largo Marriott Bay Resort located at 103800 Overseas Highway, Key Largo, Florida, at 10:00 a.m. on September 23, 2009 and the record date for determining the shareholders entitled to notice of and to vote at the Annual Meeting shall be the close of business on August 21, 2009. Shareholders will receive proxy materials via U.S. mail.

Thomas J. Longe, Vice Chairman, Chief Executive Officer and President of TIB Financial Corp., stated, We scheduled this Special Meeting to vote on an amendment to our Restated Articles of Incorporation to increase the number of authorized but unissued shares of common stock to 100 million shares from 40 million. This amendment is important to ensure we have sufficient authorized shares to successfully complete the planned public offering we announced with the filing of our registration statement on Form S-1 on August 14 and to provide additional authorized and unissued shares for future purposes. We have been fortunate to have strong shareholder attendance and support in the past and look forward to this opportunity to discuss this amendment and the offering.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any offer or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About TIB Financial Corp.

Headquartered in Naples, Florida, TIB Financial Corp. is a growth-oriented financial services company with approximately $1.8 billion in total assets and 28 full-service banking offices throughout the Florida Keys, Homestead, Naples, Bonita Springs, Fort Myers, Cape Coral, Nokomis and Venice. TIB Financial Corp. is also the parent company of Naples Capital Advisors, Inc., a registered investment advisor with approximately $120 million of assets under advisement.

TIB Financial Corp., through its wholly owned subsidiaries, TIB Bank, The Bank of Venice and Naples Capital Advisors, Inc., serves the personal and commercial banking, investment management and trust needs of local residents and businesses in its market areas. The companies' experienced professionals are local community leaders, who focus on a relationship-based approach built around anticipating specific customer needs, providing sound advice and making timely decisions. To learn more about TIB Bank, The Bank of Venice and Naples Capital Advisors, Inc., visit www.tibbank.com, www.bankofvenice.com and www.naplescapitaladvisors.com. For more information, contact Thomas J. Longe, Vice Chairman, Chief Executive Officer and President at 239-263-3344 or Stephen J. Gilhooly, Executive Vice President, Chief Financial Officer and Treasurer at 239-659-5876.

Except for historical information contained herein, the statements made in this press release constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve certain risks and uncertainties, including statements regarding the Company's strategic direction, prospects and future results. Certain factors, including those outside the Company's control, may cause actual results to differ materially from those in the "forward-looking" statements, including economic and other conditions in the markets in which the Company operates; risks associated with acquisitions, competition, seasonality and the other risks discussed in our filings with the Securities and Exchange Commission, which discussions are incorporated in this press release by reference.
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