Loading
NAPLES — A year after posting $5.7 million in quarterly losses, TIB Financial Corp. reported a $1.1 million profit in the first quarter of 2011 in its most recent earnings statement.
And the Naples-based holding company's banking subsidiary is lending. Over the course of the quarter, TIB Bank originated $33.9 million in residential mortgages, $18.5 million in commercial loans and $18.1 million in auto and other loans.
As of March 31, TIB Financial Corp. managed approximately $1.7 billion in total assets, and operated 27 full-service banking offices, through its wholly owned subsidiary, TIB Bank.
On April 29, TIB Bank merged with NAFH National Bank, with TIB Financial Corp. assuming 53% ownership of the newly formed entity, which is based in Miami. The new bank operates 49 branches in Florida and South Carolina.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
