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NAPLES — Tom Longe, current market president for TIB Bank and the former CEO of TIB Financial Corp., will step down from his position with the Naples-based bank June 1.
“Just over three years ago, I became CEO of TIB Financial Corp. with the responsibility of leading our organization through these difficult times,” Longe says in a release. “My primary goal was to make TIB a better and stronger institution.
“Having achieved this goal with the recapitalization of the company and the successful merger of TIB into North American, I will be leaving my position,” he explains.
Last summer, Longe helped orchestrate the sale of TIB Financial Corp. to North American Financial Holdings Inc. In March, NAFH officially rolled TIB's banking subsidiary into its existing holdings, creating a new Miami-based entity called Capital Bank. The new bank manages $5 billion in assets through a network of 80 branch locations.
Earlier this month, TIB Financial Corp. reported $1.1 million in net income for the first quarter of 2011, a dramatic turnaround from the $5.7 million in losses it posted just a year prior.
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