"Elizabeth originated the idea for 'Pitch Perfect' and was instrumental in making the first film such a huge success," studio chairman Donna Langley said in a statement Monday. "She brings an enormous amount of energy and experience to everything she works on and we're thrilled that she is making her feature directorial debut on 'Pitch Perfect 2.'"
Banks co-starred and produced the original film, and will do both again in the sequel, EW.com said.
No other casting has been announced yet.
The Hollywood Reporter said Anna Kendrick and Rebel Wilson are likely to return for the second installment.