U.S. Bank’s CFO, Terry Dolan, will take up additional roles as two of the bank’s senior executives retire this summer, the Minneapolis-based lender said Wednesday.

Dolan will become the U.S. Bank’s vice chair and chief administrative officer once Kate Quinn retires June 30, the bank said.

He will continue as CFO until Sept. 1, when John Stern, who now serves as the bank’s president of global corporate trust and custody, takes over in that role, the bank said.

Meanwhile, Gunjan Kedia, U.S. Bank’s vice chair and head of wealth management and investment services, will oversee corporate and commercial banking, in addition to his previous responsibilities, the bank said.

That change comes as Jim Kelligrew, the bank’s vice chair of corporate and commercial banking, is also set to leave the bank in June.

“We are proud of our longstanding history of attracting, developing and supporting talented leaders who position us for the future,” U.S. Bank CEO Andy Cecere, said Wednesday. “That focus is what makes it possible for us to ensure strong succession plans are in place when leaders decide to pursue new paths in their lives for personal and professional reasons.”

Cecere stressed that he is confident the bank will continue on its growth path “without disruption when leadership changes happen — as they will during the next few months.”

Dolan’s expanded role came as a real “surprise,” Scott Siefers and Frank Williams, analysts at Piper Sandler, told American Banker.

"While the changes add a little wrinkle to the story," the extended transition period and Stern's finance experience "suggest he is appropriate for the role and that there will be an orderly transition,” the analysts wrote.

Stern will be promoted in May to senior executive vice president and head of finance and become part of the Minneapolis-based bank’s managing committee. The bank will also add Reba Dominski and Stephen Philipson to its managing committee as senior executive vice presidents, it said Wednesday.