The battle for capital continues for banks

The quest for additional bank capital continues apace on the Gulf Coast, with TIB Financial the latest to announce plans to raise more money.

TIB, the publicly held bank-holding company based in Naples, filed a registration statement with the Securities and Exchange Commission Aug. 16 to sell 35 million shares of common stock, or about $60 million at current prices.

TIB is the parent of TIB Bank and the Bank of Venice, which have nearly $1.8 billion in combined assets. The bank has come under greater regulatory scrutiny lately, promoting the capital squeeze.