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Article: TIB Financial of Keys Lucks Out In Move into Southwest Florida.
- Article from:
- American Banker
- Article date:
- February 10, 2005
- Author:
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TIB Financial Corp.'s recent growth in southwest Florida may reflect good planning, but Edward V. Lett, its president and chief executive officer, says luck helped.
In mid-2004 two of its largest competitors in Naples and Fort Myers announced that they were selling themselves.
At the time TIB, the $830 million-asset holding company for what was originally The Islamorada Bank, was just settling into a new Naples headquarters, more than 100 miles northwest from the old one, in Key Largo.
The company, which still operates mostly in the Florida Keys, said unrest in the southwest Florida was largely responsible for its significant deposit and loan ...