8-K

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                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


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                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934



        Date of Report (Date of earliest event reported) July 6, 2000


                              TIB FINANCIAL CORP.
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               (Exact name of registrant as specified in charter)




            Florida                    0-29132                  65-0655973
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(State or other jurisdiction         (Commission              (IRS employer
      of incorporation)              file number)           identification no.)




99451 Overseas Highway, Key Largo, Florida                      33037-7808
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 (Address of principal executive offices)                       (Zip Code)




Registrant's telephone number, including area code:     (305) 451-4660




                                 Not Applicable
                                 --------------
         (Former name or former address, if changed since last report)




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Item 5.  Other Events.

         On July 6, 2000, TIB Financial Corp. ("TIB") announced the
repurchase of 525,000 (or 12%) of its outstanding shares of common stock from
Mr. Kenneth Meeks at a price of $10.00 per share, or $5,250,000 in the
aggregate. A copy of the press release is filed with this form.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

         (a) Financial Statements of Business Acquired: None.

         (b) Pro Forma Financial Information: None

         (c) Exhibits: 99.1 Press Release dated July 6, 2000



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                                   SIGNATURE


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                          TIB FINANCIAL CORP.


                                          By: /s/ Edward V. Lett
                                             ----------------------------------
                                                  Edward V. Lett
                                                  President and Chief Executive
                                                  Officer

Date: July 6, 2000

EX-99.1

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                                                                   Exhibit 99.1



                         TIB FINANCIAL CORP. ANNOUNCES
                              12% SHARE REPURCHASE


                 525,000 SHARES EXCHANGED FOR SUBORDINATED DEBT
                 IN PRIVATE TRANSACTION WITH LARGE SHAREHOLDER


         KEY LARGO, FLA. (JULY 6, 2000) - TIB Financial Corp. (Nasdaq: TIBB),
today announced that the company has repurchased 525,000 shares, or 12% of its
total shares outstanding, from a large shareholder of the company, Mr. Kenneth
Meeks, at the discounted price of $10 per share. In exchange for the shares,
the company has issued to Mr. Meeks a like amount of subordinated debt,
non-callable for three years, with a 10 year term and a coupon of 13%, in a
privately negotiated transaction that was effective on July 1, 2000. Making the
announcement was Edward V. Lett, President and CEO of TIB Financial Corp.

         "The opportunity to repurchase a significant amount of shares
outstanding at what we consider to be a very attractive price was an
opportunity too good to refuse," stated Lett. "By exchanging the equity for
debt, which will qualify at Tier 2 capital for regulatory purposes and keep our
total risk based capital ratio unchanged, it will not constrain our ability to
continue to grow the company and add shareholder value in the future."

         Mr. Meeks had beneficial ownership of 909,685 shares of TIB Financial
Corp., or approximately 19.5% of the total shares outstanding, prior to this
transaction, according to the company's proxy statement dated April 18, 2000,
and will remain the largest shareholder of TIB Financial Corp. Common stock
following the transaction.

         TIB Financial Corp. is the holding company for TIB Bank of the Keys,
the largest financial institution based in Monroe County, Florida, which offers
comprehensive financial service to its customers through eleven banking offices
throughout its market area. At March 31, 2000, TIB Financial Corp. had total
assets of $403 million, deposits of $368 million, loans of $296 million and
shareholders' equity of $29 million. At March 31, 2000, TIB Financial Corp. had
4,394,137 total shares outstanding.

         The company's stock is listed on the Nasdaq National Market under the
symbol TIBB. Requests for information regarding the purchase or sale of the
common stock can be addressed to Allen C. Ewing & Co. or Advest, Inc. market
makers for TIBB.

         Copies of TIBB press releases, SEC filings, current price quotes,
stock charts and other valuable information for investors may be found on the
Company's website at http://www.tibbank.com.




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         For further information, contact Edward V. Lett, President and CEO at
(305) 451-4660, ext. 117.

         EXCEPT FOR HISTORICAL INFORMATION CONTAINED HEREIN, THIS NEWS RELEASE
CONTAINS COMMENTS OF INFORMATION THAT CONSTITUTE FORWARD-LOOKING STATEMENTS
WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995,
WHICH INVOLVE SIGNIFICANT RISKS AND UNCERTAINTIES. ACTUAL RESULTS MAY DIFFER
MATERIALLY FROM THE RESULTS DISCUSSED IN THE FORWARD-LOOKING STATEMENTS.

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