Regions Financial Corp. Names John Owen to Head Consumer Services

BIRMINGHAM, Ala.--(Business Wire)--
Regions Financial Corp. (NYSE: RF) announced today that John Owen has been named
head of Regions` Consumer Services Group. Owen, a senior executive vice
president and member of Regions` Executive Council, its highest level management
committee, was previously responsible for Regions` Operations and Technology
Group, which includes Technology, Bank Operations, Check Processing, Corporate
Real Estate, Procurement Services, Management Consulting, E-Business, and
Insurance.

Owen will lead Regions` consumer banking and mortgage lines of business, the
company`s largest business segment by revenue, and he will also retain his
current responsibility for Insurance, Corporate Real Estate and E-Business. He
will report to President and Chief Operating Officer Grayson Hall. Owen succeeds
David Rupp, who has been named chief executive officer of Greystone Bank in
Raleigh, N.C., and is also returning to North Carolina for family reasons.

"In leading our Operations and Technology Group, John has demonstrated an
impressive combination of thoughtful leadership and systematic execution. He
will take over leadership of a Consumer Services Group that has excelled this
year as our bank has set records for opening new accounts, increased customer
deposits and improved customer satisfaction and retention," said Hall. "David
leaves the Consumer Services Group after leading it to one of its best years for
productivity and service quality, and we appreciate his contribution and wish
him well."

Prior to joining Regions in 2007, Owen held management positions with New
York-based Assurant, a Fortune 500 specialty insurance business, ultimately
serving as chief executive officer of Assurant Specialty Property. In that role,
he led a 6,000 person workforce and processing operations for more than 29
million loans. His prior experience includes senior vice president of Global
Systems Development for Citicorp Credit Services and chief information officer
of North American Operations for Arrow Electronics. Owen began his career in the
airline industry in 1983 and held positions in information systems with American
Airlines and McDonnell-Douglas. He earned his bachelor`s degree in aviation
management from the School of Engineering at Auburn University in 1982.

Cindy Rogers, who joined the company in 1978 and currently heads Bank
Operations, has been named to lead the Operations and Technology Group and will
also report to Hall. As head of Bank Operations, Rogers has been responsible for
functions including deposit and loan operations, branch system support, risk
operations including BSA/AML monitoring and reporting, and electronic
transaction channels. Rogers joined the company as an auditor and has held
positions of increasing responsibility in deposit operations and bank
operations. She has played key roles in the company`s system integration
following the AmSouth merger in 2006 as well as in the systems conversions that
followed Regions` two acquisitions of failed institutions from the FDIC in
August 2008 and February 2009. She has been instrumental in ensuring that the
bank`s processes and systems support an improved customer experience marked by
simplicity, extraordinary high quality, and low error rates.

About Regions Financial Corporation

Regions Financial Corporation, with $140 billion in assets, is a member of the
S&P 100 Index and 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
approximately 1,900 banking offices and 2,300 ATMs. Its investment and
securities brokerage trust and asset management division, Morgan Keegan &
Company Inc., provides services from over 300 offices. Additional information
about Regions and its full line of products and services can be found at
www.regions.com.

Regions Financial Corp.
Media Relations:
Tim Deighton, 205-264-4551
or
Investor Relations:
List Underwood, 205-801-0265

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