Accountants for Amcore Financial Inc. of Rockford, Ill., said its future is in doubt.

In only the second bank IPO since mid-2007, a Montana company's shares debuted on the Nasdaq this week. Analysts say the initial public offering from First Interstate BancSystem Inc. of Billings, which raised $145 million Wednesday, is another sign that the capital markets are thawing and companies are starting to take advantage of that.

The Iowa Senate approved a bill this week to hire a debt collection coordinator with "expert knowledge" of collections and an understanding of the workings of state government. The coordinator would be hired by the governor and confirmed by the Senate for a four-year term.

Banks and credit unions are preparing for an unusual phenomenon — the midmonth payday on Sunday, Aug. 15, when millions of consumers may learn the hard way they were supposed to have opted-in for overdraft protection on their checking accounts.

The Federal Trade Commission on Wednesday testified it has taken steps to follow through on legislation aimed at ensuring consumers' credit reports are accurate, preventing identity theft and giving consumers a better understanding of their credit scores.

An initial public offering of shares of First Interstate BancSystem Inc. in Billings, Mont., debuted at $16 on the Nasdaq Wednesday, up 10.3% from the price Tuesday night.

HONOLULU – Aloha Pacific FCU opened a branch in Kapolei yesterday, its second new location in less than a month.

MIDDLE ATLANTIC

Seacoast Banking Corp. of Florida in Stuart has revised its fourth-quarter earnings, widening its loss.

With a regulatory order headed its way, PremierWest Bancorp is trying to get out in front of its capital problems. The $1.56 billion-asset company in Medford, Ore., announced Monday that it would try to raise as much as $17.3 million in capital through a public stock offering.

Including nonbanks in the Consumer Financial Protection Bureau is an important first step toward rationalizing the regulatory system and ensuring it accurately reflects how consumers conduct their financial business.

TUNKHANNOCK, Penn. – Proctor & Gamble Mehoopany Employees FCU opened a student-run branch at local Dallas Area High School last week.

MIRAMAR, Fla. – Tropical Financial CU yesterday said it has broken ground on a new branch in nearby Pembroke Pines, with the branch scheduled to open this summer.

Since calling off a round of capital-raising last fall, Citizens South Banking Corp. has adopted a more opportunistic approach to raising funds.

Monarch Community Bancorp Inc. of Coldwater, Mich., had a loss of $17.5 million in the fourth quarter, more than five times its loss a year earlier.

Dearborn Bancorp Inc. in Michigan has increased its loan-loss provision by 435% for the fourth quarter, leading to a loss of $5.8 million for the quarter rather than earnings of $4.2 million as previously reported.

For the second time, BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., has extended an offer to buy its trust-preferred securities back from its holders.

The Federal Deposit Insurance Corp. has issued a prompt corrective action order against Frontier Bank of Everett, Wash., giving it until April 15 to merge with another institution or sell shares or obligations to become at least "adequately capitalized."

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