TIB Financial Corp. Shareholders Elect Four Directors to Holding Company Board

CEO Lett Reviews Corporate Progress and Operating Strategy

The shareholders of TIB Financial Corp. (Nasdaq:TIBB), holding company for TIB Bank, The Bank of Venice and Naples Capital Advisors, Inc., re-elected three directors to a two-year term through 2010 and elected one director to a one-year term through 2009 at its Annual Meeting of Shareholders held Tuesday, April 29th. The directors are: John G. Parks, Jr., CPA, President of John G. Parks, Jr., CPA, P.A. and a partner of Oropeza & Parks Certified Public Accountants, Marvin F. Schindler, Retired United States Army, Otis T. Wallace, Esquire, Mayor of Florida City and Howard B. Gutman, President of The Lutgert Companies, respectively.

Before the Annual Meeting began, Chairman Longe took a moment to honor Paul J. Marinelli, a distinguished community leader and board member who unexpectedly passed away on April 10, 2008.

In their presentation to attendees at the meeting, Chairman of the Board Thomas J. Longe and Chief Executive Officer and President Edward V. Lett reviewed the company's strategic objectives. Chief Executive Officer and President Michael Carrigan reviewed TIB Bank's progress, Chief Executive Officer and President Mack Wilcox reviewed The Bank of Venice's progress and Michael Morris, Chief Executive Officer and President of Naples Capital Advisors, reviewed the three core integrated businesses of private banking, investment advisory and upon receiving regulatory approval which is expected this summer, trust services.

These strategic objectives include:

-- Optimize organic opportunities

-- Disciplined geographic and product expansion

-- Maximize operating productivity and efficiency

-- Pursue mutually beneficial affiliations

Edward Lett will be stepping down as CEO of the company in May, but he will remain with TIB Financial Corp. as President and Vice Chairman, while also devoting the time he needs to regain his health. He will continue to be a valuable part of the management team, assisting in the daily operation of the Holding Company and providing support to the subsidiaries' CEOs that TIBB has in place. Chairman Longe will transition into the CEO position effective May 15, 2008.

"Over our proud 34 year history, this company has generated quality assets, obtained balanced funding sources, strictly adhered to regulatory compliance and exercised disciplined expansion tactics, all resulting in respectable long term gains in shareholder value," said Mr. Lett.

In Annual Meeting business, of 10,313,188 common shares representing 81% of total shares outstanding as of the February 29, 2008 record date, approximately 95% were voted in favor of the election of Howard B. Gutman and re-election of John G. Parks, Marvin F. Schindler and Otis T. Wallace while approximately 5% did not favor the election of one or more directors. There were no shareholder proposals presented at the meeting.

Following the Annual Meeting, the Company's Board of Directors appointed Douglas E. Baird to the Board of Directors of TIB Bank. Mr. Baird, 58, has served the Barron Collier Companies (BCC) in various positions since 1978. He currently serves as the Manager of Treasury Services and his tenure at the BCC has included the oversight of the Treasury, Banking, Accounting, Finance, Investments, Risk Management, Payroll and Human Resources, Compliance, Legal review, Family Office and Safety functions as well as the in-house insurance operations. Mr. Baird is an active Naples North Rotarian and graduate of the Leadership Collier Class of 2006.

Headquartered in Naples, Florida, TIB Financial Corp. is a growth-orientated financial services holding company with $1.51 billion in total assets. TIB Financial Corp. is the parent company of TIB Bank, which has 17 full-service banking offices in the Florida Keys, Homestead, Naples, Bonita Springs and Fort Myers, The Bank of Venice, which has 3 full-service banking offices in Venice, Florida, and Naples Capital Advisors, which offers private banking and investment services. The company's stock is traded on The NASDAQ Stock Market under the symbol TIBB.

Copies of TIBB news releases, SEC filings, price quotes, stock charts and other valuable information may be found on TIB's corporate web site at http://www.tibfinancialcorp.com. For additional information, contact Ed Lett, CEO and President, at 239.263.3344, or Stephen J. Gilhooly, Executive Vice President and Chief Financial Officer, 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 the Private Securities Litigation Reform Act of 1995, which invoke significant risks and uncertainties. Certain factors, including those outside the company's control, may cause actual results to differ materially from those discussed in the forward-looking statements.