FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TAYLOR R EUGENE

2. Date of Event Requiring Statement (MM/DD/YYYY)
9/30/2010 

3. Issuer Name and Ticker or Trading Symbol

TIB FINANCIAL CORP. [TIBB]

(Last)        (First)        (Middle)

4725 PIEDMONT ROW DRIVE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            ___ X ___ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Chief Executive Officer /

(Street)

CHARLOTTE, NC 28210       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   700000000   I   (1) By North American Financial Holdings, Inc.  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants   9/30/2010   3/30/2012   Common Stock $.10 par value   1166666667   (2) (3) $0.15   I   (1) By North American Financial Holdings, Inc.  
Series B Preferred Stock   9/30/2010     (2) Common Stock $.10 par value   466666667   (2) $0   (2) I   (1) By North American Financial Holdings, Inc.  

Explanation of Responses:
( 1)  The reporting person is Chief Executive Officer of North American Financial Holdings, Inc., a multi-bank holding company headquartered in Charlotte, North Carolina and Jacksonville, Florida. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
( 2)  Each share of the Series B Preferred Stock will mandatorily convert to 6,666 shares of Common Stock (subject to certain anti-dilution adjustments and plus cash in lieu of fractional shares) following shareholder approval of an amendment to TIB Financial Corp.'s Articles of Incorporation to increase the number of authorized shares of Common Stock to permit the issuance of all of the Common Stock into which the Series B Preferred Stock is convertible. There is no expiration date associated with the Series B Preferred Stock.
( 3)  On September 20, 2010, TIB Financial Corp. (the "Company") issued to North American Financial Holdings, Inc. a warrant (the "Warrant") to purchase up to 1,166,666,667 shares of Common Stock of the Company (the "Warrant Shares"). Until shareholder approval of an amendment to the Articles of Incorporaton to increase the number of authorized shares of Common Stock to permit the exercise of Warrant in full, the Warrant shall be exercisable for that number of shares of Series B Preferred Stock that would be convertible into the number of Warrant Shares subject to such exercise.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
TAYLOR R EUGENE
4725 PIEDMONT ROW DRIVE
CHARLOTTE, NC 28210 		X X Chief Executive Officer

Signatures
/s/ Vicki L. Walker-Attorney In Fact for R Eugene Taylor 11/2/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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