Truist Adjusts Consumer Banking Leadership and Sells Loans
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Reported on October 16, 2026, six weeks after CEO Mike Lyons took office, Truist adjusted the leadership of its consumer and small business banking divisions: appointing Shimna Sameer to lead consumer banking and hiring Jeff Warner to lead small business banking. Meanwhile, Truist has agreed to sell $7.7 billion in LightStream unsecured personal loans to Carlyle, with expected net proceeds of $7.2 billion. The transaction is expected to close in the fourth quarter of 2026. The report did not disclose any additional background or arrangements related to the leadership changes.
AI-written from reports · updated 2 days ago
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- Banking DiveTruist reshuffles consumer banking leadership and sells $7.7 billion in LightStream loans
Six weeks after CEO Mike Lyons took office, Truist reshuffled the leadership of its consumer and small business banking divisions, appointing Shimna Sameer to lead consumer banking and hiring Jeff Warner to lead small business banking. The bank also agreed to sell $7.7 billion in unsecured LightStream personal loans to Carlyle, with the transaction expected to generate $7.2 billion in net proceeds and close in the fourth quarter.
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