Retail & Commercial

Firstbank in Alma, Mich., plans to redeem its remaining Troubled Asset Relief Program shares for $17 million.

Freddie Mac will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company's history.

Warburg Pincus Private Equity X, which owns just under 10% of Webster Financial, will sell its entire position in a secondary offering.

Payments processor Elavon has named Simon Haslam its chief executive officer. Haslam had been the head of international markets for the U.S. Bancorp unit.

The board of NBT Bancorp (NBTB) 's board has made sweeping changes to the Norwich, N.Y., company's bylaws.

As bank bosses sent out their annual shareholder letters in recent weeks, two themes dominated: The challenges of operating in an increasingly regulated, low interest rate world; and the desire to assure investors that they're putting safety first. Following are some notable quotes from around the industry.

Simplee uses a personal financial management-style system with payment capabilities to help healthcare providers cut costs by making bill payments more straightforward.

SYRACUSE, N.Y. – Empower FCU said it is saving $2,745 per month – or almost $33,000 per year – after exterior LED lighting upgrades at seven of its branches.

SAN LUIS OBISPO, Calif. – SESLOC FCU is planning to build a new, 9.5-acre office campus here, with hopes to open in the summer of 2014.

Shares of Bank of America (BAC) and Wells Fargo (WFC) have been on a roll in recent days and the New York attorney general's pledge Monday to sue the banking giants did nothing to slow their momentum.