Summary of TIB FINANCIAL CORP.

Change in Directors or Principal Officers, Other Events, Financial Statements

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

On May 26, 2009, TIB Financial Corp. announced that Thomas, J. Longe, 46, was appointed as Vice Chairman of TIB Financial Corp in addition to his current responsibilities as Chief Executive Officer and President of the Company and Chairman of the Board of TIB Bank. Additionally, in accordance with the Company's corporate governance standards, the Company announced that Richard C. Bricker, Jr., 65, was appointed as the nonexecutive Chairman of the Board of Directors of TIB Financial Corp. In connection with these appointments, the Company entered into an employment agreement with Mr. Longe, effective May 27, 2009, a copy of which is attached as Exhibit 10.1.

Richard C. Bricker, Jr., CPA, is an independent director, has been a director of the Company and of TIB Bank since 2003 and is Chairman of the Corporate Governance and Nomination Committee. He is President of Bricker & Associates, LLC, a financial and board consulting firm, and is Director of Internal Audit for CompuCredit Corporation. He has practiced as a CPA servicing public financial institutions and companies in other industries for over 34 years, including with BDO Seidman, LLP, as the Managing Partner of their Atlanta office; with Bricker & Melton, PA, as managing partner of the firm; and with Ernst & Young, LLP. Through his firms, Mr. Bricker has been a member of the Florida Community Bankers Association, the Georgia Bankers Association, Georgia Community Bankers Association, and Alabama Bankers Association. He is a member of the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants. He also has been a speaker to financial institution executives and directors on various topics. Mr. Bricker is a native of Richmond Virginia, is a graduate of the University of Richmond and lives in Atlanta, Georgia.

Mr. Longe has been a director of the Company and of TIB Bank since 2001. He previously served as Chairman, Chief Executive Officer and President of the Company and Chairman of TIB Bank. Mr. Longe spends a majority of his time on the business of the Company and is allowed to continue his outside business interests. 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, N.A. Columbus, Ohio and Comerica Bank, Detroit, Michigan in commercial real estate, middle market lending, dealer commercial services and international.

ITEM 8.01 OTHER EVENTS

On May 26, 2009, TIB Financial Corp. held its annual meeting of shareholders resulting in the election of Bradley A. Boaz, the re-elections of Richard C. Bricker, Jr., Howard B. Gutman, Paul O. Jones, Jr., and Thomas J. Longe to the Company's Board of Directors and the approval of an advisory (non-binding) resolution endorsing TIB Financial Corp.'s executive compensation policies and procedures.

The information contained in this Current Report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.