What to know about Truist’s next CEO, from Bank of America to Boys & Girls Club
In September, Michael Lyons is taking over as CEO of Truist, one of Charlotte’s big three banks.
Lyons, now the former CEO of the fintech Fiserv, will replace Bill Rogers, who is retiring in April and will remain with Truist as executive chair of the bank during the transition.
Here are six things to know about Lyons, from Truist, Lyons’ LinkedIn page, Fiserv’s website and other online sources.
Incoming Truist CEO pivots back to banking
Lyons joined Fiserv in 2025 as president and CEO-elect, and assumed the role of chief executive officer and member of the board in May 2025.
“I have known the company for a long time as an investor, banker and technology service provider, and look forward to advancing Fiserv’s 40-year track record of success,” Lyons said at the time, according to Banking Dive.
How Lyons prepared to lead Truist
Prior to joining Fiserv, Lyons served as president of PNC Financial Services Group where he led PNC’s lines of business. Before that role, he worked as head of corporate and institutional banking at the Pittsburgh, Pennsylvania-based bank, where he played a significant role in building PNC’s national franchise.
Lyons led key acquisitions like RBC Bank and BBVA USA, PNC said at the time of his appointment to president in 2024. He was also central to developing the bank’s treasury management platform and diversifying its advisory and industry offerings. The 2020 BBVA USA deal was worth $11.6 billion, Banking Dive reported.
From Bank of America to Truist: A return to Charlotte banking
Before joining PNC, Lyons held leadership roles at Charlotte-based Bank of America. As global head of corporate development and strategic planning, Lyons helped drive the bank’s growth strategy.
Additionally, he led mergers and acquisitions in the private equity business and investor relations. Before Bank of America, he served as portfolio manager at Maverick Capital, based in Dallas, Texas, where he invested in financial institutions globally.
Beyond banking boardrooms to the Boys & Girls Clubs
Lyons is a national trustee of the Boys & Girls Clubs of America, a member of the board of directors at University of Pittsburgh Medical Center, and board chair for the Pittsburgh Parks Conservancy. Lyons served as chair of the board of directors of Early Warning Services, LLC, the owner, and operator of Zelle and PAZE.
An Ivy League Foundation
Lyons graduated from the University of Pennsylvania in 1993.
Lyons speaks to Charlotte bankers and students
The banking leader is listed on the All American Entertainment Speakers website, a bureau for booking celebrities and keynote speakers. He was the commencement speaker in 2024 for Robert Morris University in Moon Township, Pennsylvania, near Pittsburgh.
“Mike has demonstrated an exceptional ability to lead while making a real difference in the communities and companies he has been a part of, and those are the same values we strive to instill in our students every day,” the private college’s president Michelle Patrick said of his address.
A bit about new Truist CEO Lyons’ personal life
Lyons also was the commencement speaker last year for the private co-ed school, Shady Side Academy in Pittsburgh, with three campuses for grades PK-12. At the time, Lyons had two children enrolled in the school, and his wife Ramsey, is a former school trustee.
“A trailblazer in digital banking, payments, and financial risk management, Mike is helping to shape the future of how money moves in the modern world,” the school said in April 2025. “His leadership continues to drive innovation across industries, supporting customers, small businesses, entrepreneurs, and community organizations around the globe.”
