ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS

On March 24, 2009, TIB Financial Corp. announced that Thomas, J. Longe, 46, was appointed as President of TIB Financial Corp. in addition to his current responsibilities as Chairman and Chief Executive Officer of the Company.

Mr. Longe has been a director of the Company and of TIB Bank since 2001. He currently serves as Chairman and Chief Executive Officer of the Company and Chairman of TIB Bank. Mr. Longe is also the President and Chief Operating Officer of the Trianon Companies in Naples, Florida, which develops, owns and manages hotel and commercial properties for its own portfolio as well as residential properties for resale, primarily in Southwest Florida. He also is a partner in The Longe Company, an economic/management consulting and private investment company. Previously, Mr. Longe worked as a loan officer and credit analyst at Bank One, Columbus, N.A. and Comerica Bank - Detroit in commercial real estate, middle market lending, dealer commercial services and international.

On March 24, 2009, the Board of Directors ratified the acceleration of vesting authorized by the Chief Executive Officer on January 30, 2009 of 3,223 shares of restricted stock, with a then value (based upon the closing price of TIB Financial Corp. common stock on that date) of $12,698.62, previously granted to Edward V. Lett, Director and former President and Chief Executive Officer of TIB Financial Corp.