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.

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.

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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We must enhance our system of supervisory checks and balances to ensure that more eyes, not fewer, are focused on the activities of our financial institutions.

Ficalora's outlook on the Westbury company's prospects is bullish, to say the least. He said the next three years could be the most promising ever for doing what NYCB does best — buying other banks and using their deposits to fund its main business of lending money to the owners of rent-controlled apartments in New York.

As Congress moves to enact a bill this week that would kill government subsidies for private student lenders, companies that relied on Uncle Sam must dramatically reposition themselves to stay competitive, observers said Monday.

Navy Federal Credit Union is offering no-down-payment mortgages — which have become difficult to obtain these days — to its members nationwide, citing "opportunities in the current market."

Citizens South Banking Corp. of Gastonia, N.C., has raised $15 million to help finance its takeover of the failed Bank of Hiawassee.

Last week's reversal of a tax court decision means Subchapter S bank owners will continue paying taxes as they have for years.

With regulators pushing for larger provisions for loan losses at its two most troubled banks, Capitol Bancorp Ltd. has revised its 2009 results.