Two banking companies in Illinois have suddenly scrapped a plan to merge as equals.

FirstRock Bancorp, Rockford, and Northwest Illinois Bancorp., Freeport, terminated their April agreement after Northwest's mortgage unit suffered unexpected losses.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.