Truist is taking a new approach to integrating and upgrading digital technology since its formation from the merger of SunTrust and BB&T banks, such as building new channels for mobile and online banking. Truist is also embracing a "hybrid cloud" structure and created a data utility process that it calls a "digital straddle." "Ours is probably the first and largest merger in what I would call the digital era in banking, and that forced us to think about challenges like this," said Chief Information Officer Scott Case.

Kelly King, who retired as CEO of Truist Sunday and was previously head of BB&T Bank prior to its merger with SunTrust, reflects on his long career in banking. Former SunTrust CEO Bill Rogers will now take the helm at Truist.

William Rogers will become CEO of Truist Financial on Sept. 1, succeeding Kelly King who will become chairman of the board of directors. The changes are part of a leadership restructure first announced after the bank's formation out of a merger between BB&T and SunTrust.

Truist Financial's earnings report was boosted by its fee-based businesses as loan growth remained slow and interest rates remained low. The bank, formed by a merger of SunTrust and BB&T, is focusing on reducing expenses by closing 800 branches and reducing its employee roster by about 2,000.