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Prospect News home > News index > List of issuers T > Headlines for TIB Financial Corp. > News item
Published on 4/14/2010 in the Prospect News PIPE Daily.

TIB Financial gets investor for $25 million private placement of stock

By Devika Patel

Knoxville, Tenn., April 14 - TIB Financial Corp. will conduct a private placement of stock for between $20 million and $25 million, according to an 8-K filed Wednesday with the Securities and Exchange Commission. Patriot Financial Partners, LP is the investor.

The common stock will be sold at a maximum per-share price of $0.70.

Based in Naples, Fla., TIB Financial is a financial holding company.


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