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Exhibit 10.4

                                                               Executive Officer

                              EMPLOYMENT AGREEMENT

         This Employment Agreement (the "Agreement") is made effective as of
March 1, 2004, by and between TIB Financial Corp. (the "Holding Company"), TIB
Bank of the Keys (the "Bank"), and Millard J. Younkers, Jr. (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Holding Company and the Bank (collectively the "Company")
desire to retain the services of and employ the Executive, and the Executive
desires to provide services to the Company, pursuant to the terms and conditions
of this Agreement.

         NOW, THEREFORE, in consideration of the promises and of the covenants
and agreements herein contained, the Company and the Executive covenant and
agree as follows:

1.       Employment. Pursuant to the terms and conditions of this Agreement, the
Company agrees to employ the Executive and the Executive agrees to render
services to the Company as set forth herein, all effective as of the date set
forth above. Notwithstanding any other provision in this Agreement, the
employment of the Executive in accordance with the terms of this Agreement shall
be subject to the prior approval, as and to the extent required by law, of the
applicable federal banking agencies having jurisdiction over the Holding Company
and the Bank. This Agreement supercedes any prior employment agreement entered
into between the Company and the Executive prior to the date hereof, and any
such prior employment agreement is hereby terminated.

2.       Position and Duties; Records. During the term of this Agreement, the
Executive shall serve as EVP - President SW Florida of the Holding Company and
the Bank, and shall undertake such duties, consistent with such titles, as may
be assigned to him from time to time by the President and Chief Executive
Officer and/or Boards of Directors of the Holding Company and the Bank
(collectively referred to as the "Board"), including serving on Board committees
as appointed from time to time by the Board, and assisting in keeping the
Company in compliance with applicable laws and regulations. In performing his
duties pursuant to this Agreement, the Executive shall devote his full business
time, energy, skill and best efforts to promote the Company and its business and
affairs; provided that, subject to Sections 10, 12 and 13 of this Agreement, the
Executive shall have the right to manage and pursue personal and family
interests, and make passive investments in securities, real estate, and other
assets, and also to participate in charitable and community activities and
organizations, so long as such activities do not adversely affect the
performance by Executive of his duties and obligations to the Company. Upon
termination of the Executive's employment for any reason, he shall resign as a
director of the Holding Company and the Bank (if he is then serving in such
capacity). All files,

                                       1

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records, documents, manuals, books, forms, reports, memoranda, studies, data,
calculations, recordings or correspondence, in whatever form they may exist, and
all copies, abstracts and summaries of the foregoing, and all physical items
related to the business of the Company, its affiliates and their respective
directors and officers, whether of a public nature or not, and whether prepared
by Executive or not, are and shall remain the exclusive property of the Company,
and shall not be removed from their premises, except as required in the course
of providing the services pursuant to this Agreement, without the prior written
consent of the Company. Such items shall be promptly returned by the Executive
on the termination of this Agreement or at any earlier time upon the request of
the Company.

3.       Term. The term of employment pursuant to this Agreement shall be for a
period of three years, commencing with the date set forth in Section 1 and
expiring (unless sooner terminated as otherwise provided in this Agreement or
unless otherwise renewed or extended as set forth herein) on the third
anniversary of this Agreement, which date, including any earlier date of
termination or any extended expiration date, shall be referred to as the
"Expiration Date". Subject to the provisions of Section 8 of this Agreement, the
term of this Agreement and the employment of the Executive by the Company
hereunder shall be deemed automatically renewed for successive periods of two
years on each anniversary date of this Agreement, until the Executive receives
written notice from the Company that the term of this Agreement will not be
automatically renewed. In the event of the Executive's receipt of such notice
from the Company that the term of this Agreement will not be renewed, the term
of this Agreement shall end on the anniversary of this Agreement occurring two
years after the anniversary date first occurring after the date such notice is
given. As an illustration of the foregoing, if such notice were given by the
Company to the Executive on a date in 2005 before the first anniversary date of
this Agreement, then term of this Agreement would end on the anniversary date of
this Agreement in 2007. If notice were given by the Company to the Executive on
a date in 2005 after the first anniversary date of this Agreement, then the term
of this Agreement would end on the anniversary date in 2008. After termination
of the employment of the Executive for any reason whatsoever, the Executive
shall continue to be subject to the provisions of Sections 10 through 17,
inclusive, of this Agreement; provided, however, that the Executive shall not be
subject to the provisions of Section 12 where the employment of the Executive is
terminated pursuant to Section 8(e), or where the term of employment is not
renewed pursuant to this Section 3.

4.       Compensation. During the term of this Agreement, the Company shall pay
or provide to the Executive as compensation for the services of the Executive
set forth in Section 2 hereof:

         (a)      A base annual salary of $175,000 during the first
year of this Agreement, such base annual salary to be subject to increase
thereafter as the Board in its discretion shall determine. The foregoing base
salary shall be payable in such periodic installments consistent with other
employees of the Bank.

         (b)      An annual incentive bonus for each fiscal year
(commencing with the 2004 fiscal year) as determined by the President and Chief
Executive Officer, subject to review
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and approval by the Compensation Committee of the Board. The incentive bonus
shall be prorated as determined by the Board for a partial year that occurs
within the calendar year.

5.       Benefits and Insurance. The Bank shall provide to the Executive such
medical, health, and life insurance as well as any other benefits as the Board
shall determine from time to time. At a minimum, the Executive shall be entitled
to (i) participate in all employee benefit plans offered to the Bank's employees
generally, and (ii) life insurance coverage (payable to such beneficiary as the
Executive may designate from time to time). The Executive also shall be entitled
to participate in any group disability plan maintained by the Bank, with the
Bank paying to the Executive his base annual salary during any waiting period
imposed by such plan for the receipt of disability benefits thereunder.

6.       Vacation. The Executive may take up to four weeks of vacation time at
such periods during each year as the Board and the Executive shall determine
from time to time. The Executive shall be entitled to full compensation during
such vacation periods.

7.       Reimbursement of Expenses. The Bank shall reimburse the Executive for
reasonable expenses incurred in connection with his employment hereunder subject
to guidelines issued from time to time by the Board and upon submission of
documentation in conformity with applicable requirements of federal income tax
laws and regulations supporting reimbursement of such expenses.

8.       Termination. The employment of the Executive may be terminated as
follows:

         (a)      By the Company, by action taken by its Board or its
President and Chief Executive Officer, at any time and immediately upon written
notice to the Executive if said termination is for Cause. In the notice of
termination furnished to the Executive under this Section 8(a), the reason or
reasons for said termination shall be given and, if no reason or reasons are
given for said termination, said termination shall be deemed to be without Cause
and therefore termination pursuant to Section 8(f). Any one or more of the
following conditions shall be deemed to be grounds for termination of the
employment of the Executive for Cause under this Section 8(a):

                           (i)      If the Executive shall fail or refuse to
comply with the obligations required of him as set forth in this Agreement or
comply with the policies of the Company established by the Board or its
President and Chief Executive Officer from time to time; provided, however, that
for the first such failure or refusal, the Executive shall be given written
warning (providing at least a 10 day period for an opportunity to cure), and the
second failure or refusal shall be grounds for termination for Cause;

                           (ii)     If the Executive shall have engaged in
conduct involving fraud, deceit, personal dishonesty, or breach of fiduciary
duty;

                           (iii)    If the Executive shall have violated any
banking law or regulation, memorandum of understanding, cease and desist order,
or other agreement with any banking agency having jurisdiction over the Company
which, in the judgment of the Board or its



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President and Chief Executive Officer, has adversely affected, or may adversely
affect, the business or reputation of the Company as determined by the Board or
its President and Chief Executive Officer;

                           (iv)     If the Executive shall have become subject
to continuing intemperance in the use of alcohol or drugs which has adversely
affected, or may adversely affect, the business or reputation of the Company as
determined by the Board or its President and Chief Executive Officer;

                           (v)      If the Executive shall have filed, or had
filed against him, any petition under the federal bankruptcy laws or any state
insolvency laws; or

                           (vi)     If any banking authority having supervisory
jurisdiction over the Holding Company or the Bank initiates any proceedings for
removal of the Executive.

                           In the event of termination for Cause, the Company
shall pay the Executive only salary and vacation amounts accrued and unpaid as
of the effective date of termination.

                  (b)      By the Executive upon the lapse of 30 days following
written notice by the Executive to the Company of termination of his employment
hereunder for Good Reason (as defined below), which notice shall reasonably
describe the Good Reason for which the Executive's employment is being
terminated; provided, however, that if the Good Reason specified in such notice
is such that there is a reasonable prospect that it can be cured with diligent
effort within 30 days, the Company shall have the opportunity to cure such Good
Reason, for a period not to exceed 30 days from the date of such notice, and the
Executive's employment shall continue in effect during such time so long as the
Company makes diligent efforts during such time to cure such Good Reason. If
such Good Reason shall be cured by the Company during such time, the Executive's
employment and the obligations of the Company hereunder shall not terminate as a
result of the notice which has been given with respect to such Good Reason. Cure
of any Good Reason with or without notice from the Executive shall not relieve
the Company from any obligations to the Executive under this Agreement or
otherwise and shall not affect the Executive's rights upon the reoccurrence of
the same, or the occurrence of any other, Good Reason. For purposes of this
Agreement, the term "Good Reason" shall mean (i) any material breach by the
Company of any provision of this Agreement, or (ii) any significant reduction
(not pertaining to job performance issues), in the duties, responsibilities,
authority or title of the Executive as an officer of the Company.

                  If the Executive's employment is terminated by the Executive
for Good Reason, the Company shall (i) for a period of two years thereafter,
continue to pay to the Executive the base annual salary in effect under Section
4(a) on the date of said termination (or, if greater, the highest annual salary
in effect for the Executive within the 36 month period prior to said
termination) plus an annual amount equal to any bonus paid by the Company to the
Executive during the 12 month period prior to said termination, such salary and
bonus to be payable in such periodic installments (and not as a lump sum
payment) consistent with the payroll periods for the



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Company's payments to its other employees; and (ii) for a period of 18 months,
pay directly or reimburse the Executive for continued coverage in accordance
with the Consolidated Omnibus Budget Reconciliation Act under the Bank's medical
insurance plan.

         (c)      By the Executive upon the lapse of 45 days following
written notice by the Executive to the Company of his resignation from the
Company for other than Good Reason; provided, however, that the Company, in its
discretion, may cause such termination to be effective at any time during such
45-day period. If the Executive's employment is terminated because of the
Executive's resignation, the Company shall be obligated to pay to the Executive
any salary and vacation amounts accrued and unpaid as of the effective date of
such resignation.

         (d)      If the Executive's employment is terminated by the death of
the Executive, this Agreement shall automatically terminate, and the Company
shall be obligated to pay to the Executive's estate any salary, vacation, and
bonus amounts accrued and unpaid at the date of death. If the Executive is
disabled (as such term is defined in the disability insurance plan maintained by
the Company), then the Company shall have the right to terminate the Executive's
employment, in which case the Company shall be obligated to pay to the Executive
(i) any salary, vacation and bonus amounts accrued and unpaid at the date of
such termination of employment, and (ii) continued salary payments (not to
exceed 30 days) until the Executive is eligible to receive payments under the
Company's disability insurance plan.

         (e)      If after a Change of Control, the Executive's employment is
terminated, his duties are materially reduced, his base salary is reduced, his
employment is relocated more than 50 miles from the Bank's main office or his
participation in any employee benefit plan is materially reduced or adversely
affected, and the Executive does not consent to such change, then the Executive
shall be entitled to receive promptly thereafter in a lump sum payment an amount
equal to two times the average base annual salary received by the Executive
during the three year period prior to such termination. Any termination by the
Executive pursuant to this Section 8(e) shall be in lieu of any other
termination benefits that the Executive would have otherwise received under any
other provision of this Section 8. For purposes of this Agreement, a Change of
Control shall mean a merger in which the Holding Company is not the surviving
entity, the acquisition of the Bank by means of a merger, consolidation or
purchase of 80% or more of its outstanding shares, or the acquisition by any
individual or group of beneficial ownership of more than 50% of the outstanding
shares of Holding Company common stock. The term "group" and the concept of
beneficial ownership shall have such meanings ascribed thereto as set forth in
the Securities Exchange Act of 1934, as amended (the "1934 Act"), and the
regulations and rules thereunder.

         (f)      By the Company, by action taken by its Board or its
President and Chief Executive Officer, at any time if said termination is
without Cause. If the Executive's employment is terminated by the Company
without Cause, the Company shall (i) for a period of two years thereafter,
continue to pay to the Executive the base annual salary in effect under Section
4(a) on the date of said termination (or, if greater, the highest annual salary
in effect for the Executive within the 36 month period prior to said
termination) plus an annual amount equal to any bonus paid by the Company to the
Executive during the 12 month period prior to said

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termination, such salary and bonus to be payable in such periodic installments
(and not as a lump sum payment) consistent with the payroll periods for the
Company's payments to its other employees; and (ii) for a period of 18 months,
reimburse the Executive for continued coverage in accordance with the
Consolidated Omnibus Budget Reconciliation Act under the Bank's medical
insurance plan.

         (g)      Excise Tax. In the event that any consideration or other
amount paid or payable to Executive hereunder as well as any other agreements
between the Executive and the Company constitutes or is deemed to be an "excess
parachute payment" within the meaning of Section 280G(b) of the Internal Revenue
Code of 1986 (or any other amended or successor provision) that is subject to
the tax imposed pursuant to Section 4999 of the Internal Revenue Code of 1986
(or any other amended or successor provisions) ("Excise Tax"), the Company shall
pay to Executive an amount ("Gross-Up Amount") that, after reduction of the
amount of such Gross-Up Amount for all federal, state and local tax to which the
Gross-Up Amount is subject (including the Excise Tax to which the Gross-Up
Amount is subject) is equal to the amount of the Excise Tax to which such amount
constituting an excess parachute payment is subject. For purposes of determining
the amount of any Gross-Up Amount, Executive shall be deemed to pay federal
income taxes at the highest marginal rate of federal income taxation in the
calendar year in which the Gross-Up Amount is to be made and state and local
income taxes at the highest marginal rate of taxation in the state and locality
of residence of Employee on the date the excess parachute payment is made, net
of the maximum reduction in federal income taxes that could be obtained from the
deduction of such state and local taxes.

9.       Notice. All notices permitted or required to be given to either party
under this Agreement shall be in writing and shall be deemed to have been given
(a) in the case of delivery, when addressed to the other party as set forth at
the end of this Agreement and delivered to said address, (b) in the case of
mailing, three days after the same has been mailed by certified mail, return
receipt requested, and deposited postage prepaid in the U.S. Mails, addressed to
the other party at the address as set forth at the end of this Agreement, and
(c) in any other case, when actually received by the other party. Either party
may change the address at which said notice is to be given by delivering notice
of such to the other party to this Agreement in the manner set forth herein.

10.      Confidential Matters. The Executive is aware and acknowledges that the
Executive shall have access to confidential information by virtue of his
employment. The Executive agrees that, during the period of time the Executive
is retained to provide services to the Company, and thereafter subsequent to the
termination of Executive's services to the Company for any reason whatsoever,
the Executive will not release or divulge any confidential information
whatsoever relating to the Company or its business, to any other person or
entity without the prior written consent of the Company. Confidential
information does not include information that is available to the public or
which becomes available to the public other than through a breach of this
Agreement on the part of the Executive. Also, the Executive shall not be
precluded from disclosing confidential information in furtherance of the
performance of his services to the Company or to the extent required by any
legal proceeding.

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11.      Injunction Without Bond. In the event there is a breach or threatened
breach by the Executive of the provisions of Sections 10, 12, or 13, the Company
shall be entitled to an injunction without bond to restrain such breach or
threatened breach, and the prevailing party in any such proceeding will be
entitled to reimbursement for all costs and expenses, including reasonable
attorneys' fees in connection therewith. Nothing herein shall be construed as
prohibiting the Company from pursuing such other remedies available to it for
any such breach or threatened breach including recovery of damages from the
Executive.

12.      Noncompetition. The Executive agrees that during the period of time the
Executive is retained to provide services to the Company, and thereafter for a
period of two years subsequent to the termination of Executive's services to the
Company for any reason whatsoever (except where the employment of the Executive
is terminated pursuant to Section 8(e), or where the term of employment is not
renewed pursuant to Section 3), Executive will not enter the employ of, or have
any interest in, directly or indirectly (either as executive, partner, director,
officer, consultant, principal, agent or employee), any other bank or financial
institution or any entity which either accepts deposits or makes loans (whether
presently existing or subsequently established) and which has an office located
within a radius of 50 miles of any office of the Bank (a "Competitive
Activity"); provided, however, that the foregoing shall not preclude any
ownership by the Executive of an amount not to exceed 5% of the equity
securities of any entity which is subject to the periodic reporting requirements
of the 1934 Act and the shares of Company common stock owned by the Executive at
the time of termination of employment. Notwithstanding any other provision in
this Agreement, if the Executive is receiving severance payments from the
Company pursuant to Sections 8(b) or (f), then the Executive shall not be
entitled to receive any such severance payments which are after two years
subsequent to the termination of the Executive's services to the Company if the
Executive following such two-year period engages in any Competitive Activity.

13.      Nonsolicitation; Noninterference; Nondisparagement. The Executive
agrees that during the period of time the Executive is retained to provide
services to the Company, and thereafter for a period of two years subsequent to
the termination of Executive's services to the Company for any reason
whatsoever, the Executive will not (a) solicit for employment by Executive, or
anyone else, or employ any employee of the Company or any person who was an
employee of the Company within 12 months prior to such solicitation of
employment; (b) induce, or attempt to induce, any employee of the Company to
terminate such employee's employment; (c) induce, or attempt to induce, anyone
having a business relationship with the Company to terminate or curtail such
relationship or, on behalf of himself or anyone else, to compete with the
Company; or (d) permit anyone controlled by the Executive, or any person acting
on behalf of the Executive or anyone controlled by an employee of the Executive
to do any of the foregoing. The Executive also agrees that during the term of
this Agreement and thereafter, the Executive will not disparage, denigrate or
comment negatively upon, either orally or in writing, the Company, any of its
affiliates, or any of their respective officers or directors, to or in the
presence of any person or entity, unless compelled to act by subpoena or other
legal mandate.

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14.      Remedies. The Executive agrees that the restrictions set forth in this
Agreement are fair and reasonable. The covenants set forth in this Agreement are
not dependent covenants and any claim against the Company, whether arising out
of this Agreement or any other agreement or contract between the Company and
Executive, shall not be a defense to a claim against Executive for a breach or
alleged breach of any of the covenants of Executive contained in this Agreement.
It is expressly understood by and between the parties hereto that the covenants
contained in this Agreement shall be deemed to be a series of separate
covenants. The Executive understands and agrees that if any of the separate
covenants are judicially held invalid or unenforceable, such holding shall not
release him from his obligations under the remaining covenants of this
Agreement. If in any judicial proceedings, a court shall refuse to enforce any
or all of the separate covenants because taken together they are more extensive
(whether as to geographic area, duration, scope of business or otherwise) than
necessary to protect the business and goodwill of the Bank, it is expressly
understood and agreed between the parties hereto that those separate covenants
which, if eliminated or restricted, would permit the remaining separate
covenants or the restricted separate covenant to be enforced in such proceeding
shall, for the purposes of such proceeding, be eliminated from the provisions of
this Agreement or restriction, as the case may be.

15.      Invalid Provision. In the event any provision should be or become
invalid or unenforceable, such facts shall not affect the validity and
enforceability of any other provision of this Agreement. Similarly, if the scope
of any restriction or covenant contained herein should be or become too broad or
extensive to permit enforcement thereof to its full extent, then any such
restriction or covenant shall be enforced to the maximum extent permitted by
law, and Executive hereby consents and agrees that the scope of any such
restriction or covenant may be modified accordingly in any judicial proceeding
brought to enforce such restriction or covenant.

16.      Governing Law. This Agreement shall be construed in accordance with and
shall be governed by the laws of the State of Florida.

17.      Arbitration. Except for injunctive relief as provided in Section 11
above, all disputes between the parties hereto concerning the performance,
breach, construction or interpretation of this Agreement, or in any manner
arising out of this Agreement, shall be submitted to binding arbitration in
accordance with the rules of the American Arbitration Association, which
arbitration shall be carried out in the manner set forth below:

         (a)      Within fifteen (15) days after written notice by one party to
the other party of its demand for arbitration, which demand shall set forth the
name and address of its designated arbitrator, the other party shall select its
designated arbitrator and so notify the demanding party. Within fifteen (15)
days thereafter, the two arbitrators so selected shall select the third
arbitrator. The dispute shall be heard by the arbitrators within sixty (60) days
after selection of the third arbitrator. The decision of any two arbitrators
shall be binding upon the parties. Should any party or arbitrator fail to make a
selection, the American Arbitration Association shall designate such arbitrator
upon the application of either party. The decision of the arbitrators shall be
final and

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binding upon the Company, its successors and assigns, and upon Executive, his
successors and representatives, as the case may be.

         (b)      Unless the Parties agree otherwise, the arbitration
proceedings shall take place in the city where the headquarters of the Holding
Company is located, and the judgment and determination of such proceedings shall
be binding on all parties thereto. Judgment upon any award rendered by the
arbitrators may be entered into any court having competent jurisdiction without
any right of appeal.

         (c)      Each party shall bear its or his own expenses of arbitration,
and the expenses of the arbitrators and the arbitration proceeding shall be
shared equally. However, if in the opinion of a majority of the arbitrators, any
claim or defense was unreasonable, the arbitrators may assess, as part of their
award, all or any part of the arbitration expenses of the other party (including
reasonable attorneys' fees) and of the arbitrators and the arbitration
proceeding against the party raising such unreasonable claim or defense.

18.      Binding Effect. This Agreement shall be binding on and inure to the
benefit of the parties hereto and their respective successors and legal
representatives and beneficiaries.

19.      Effect on Other Agreements. This Agreement and the termination thereof
shall not affect any other agreement between the Executive and the Company, and
the receipt by the Executive of benefits thereunder.

20.      Miscellaneous. The rights and duties of the parties hereunder are
personal and may not be assigned or delegated without the prior written consent
of the other party to this Agreement. The captions used herein are solely for
the convenience of the parties and are not used in construing this Agreement.
Time is of the essence of this Agreement and the performance by each party of
its or his duties and obligations hereunder.

21.      Complete Agreement. This Agreement constitutes the complete agreement
between the parties hereto with respect to the subject matter hereof and
incorporates all prior discussions, agreements and representations made in
regard to the matters set forth herein. This Agreement may not be amended,
modified or changed except by a writing signed by the party to be charged by
said amendment, change or modification.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

TIB FINANCIAL CORP.                           TIB BANK OF THE KEYS

By:________________________________           By: ______________________________
   Edward V. Lett                                 Edward V. Lett
   President and Chief Executive Officer          President and Chief Executive
                                                  Officer

                                     "EXECUTIVE"

                                      _________________________________________
                                      __________________________, individually
                                      Address: ________________________________
                                               ________________________________