ROCKFORD, Ill. - Federal authorities have seized about $2.4 million of common stock in FirstRock Bancorp as part of an investigation of possible fraud during the company's conversion from the mutual to the stock form of ownership.

FirstRock, the parent of First Federal Savings and Loan Association of Rockford, said it was informed by the U.S. attorney's office of the investigation into allegedly illegal stock purchases by speculators.

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