Item 2.01. Completion of Acquisition of Assets.

On February 13, 2009 TIB Financial Corp, (the "Company"), through its lead bank, TIB Bank, headquartered in Naples, Florida, purchased the deposits of Riverside Bank of the Gulf Coast ("Riverside"), from the Federal Deposit Insurance Corporation ("FDIC") for approximately $4 million, a premium of 1.3%. Total deposits purchased approximated $317 million. The Company did not purchase any brokered deposits. Riverside, which was closed by the FDIC on Friday, February 13, 2009, operated nine branch locations of which one was leased and eight were owned. Pursuant to the transaction, the Company has the option to purchase the eight owned locations, plus all furniture and equipment at fair market value, to be determined by appraisal. TIB Bank also has the option to assume the lease on the leased property. Riverside's branches opened as branches of TIB Bank on Tuesday morning, February 17, 2009. The Company purchased cash and investment securities totaling approximately $125 million. The Company has an exclusive thirty day option to purchase certain loans from the FDIC. The Company's press release announcing the transaction is attached as exhibit 99.1 to this Form 8-k.