January 8, 2009

Regions Appoints John Owen to Its Executive Council

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jan. 8, 2009--Regions Financial Corporation (NYSE: RF) today announced that John Owen has been appointed to Regions' Executive Council, the company's most senior management committee. Owen, senior executive vice president, also assumed responsibility for Regions Insurance.

Owen, 47, joined Regions in July 2007 and heads the Operations and Technology Group, which includes Technology, Bank Operations, Check Processing, Corporate Real Estate, Procurement Services, Management Consulting, and E-Business Services.

"This is a well-deserved honor in recognition of John's significant management responsibilities," said Grayson Hall, vice chairman of Regions Financial Corporation. "He has consistently demonstrated his strong leadership by assuming increasing responsibilities during his tenure with the bank. We are confident that he will make an important contribution to the Executive Council as he has proven himself as a strong leader."

About Regions Financial Corporation

Regions Financial Corporation is a member of the S&P 100 Index and Forbes Magazine's "Platinum 400" list of America's best big companies. With $144 billion in assets, Regions is one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates over 1,900 banking offices and nearly 2,400 ATMs. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from some 400 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.

CONTACT: Regions Financial Corporation
Tim Deighton, Corporate Communications, 205-264-4551

Source: Regions Financial Corporation

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