Corporate Report: April 23 - April 29

TIB Financial Corp., Patriot partner for stock placement
In a non-binding agreement, TIB Financial Corp., the Naples-based parent company of TIB Bank and Naples Capital Advisors, will sell $20 million to $25 million of newly issued common shares to Patriot Financial Partners LP.

Patriot can buy shares in the offering, but can own no more than 19.9% of the company's outstanding shares as part of the plan.

The proposed investment deal will only be valid at a maximum price of 70 cents per share and if a minimum of $150 million of new capital is raised. If the deal is consummated, a special representative of Patriot will be appointed to its and TIB Bank's boards of directors. After Patriot secures firm commitments for a majority of the $150 million of new capital, it will negotiate a stock purchase agreement setting its terms.