Craig Tankersley Receives Regions' Top Associate Honor.

Wins Better Life Award for Dedication to Regions, Customers and Community

BIRMINGHAM, Ala. -- Regions Financial Corporation (NYSE: RF) today announced that Craig Tankersley, research manager of corporate marketing's insights and analysis area in Birmingham, Ala., was the recipient of the August Better Life Award. The Better Life Award is the top award given at Regions to associates for outstanding dedication and job performance, as well as exemplary involvement and commitment to the community.

Tankersley was recognized for his outstanding commitment to serving his internal customers. He is also noted as being an exceptional leader at Regions and in the community. In his role, Tankersley primarily focuses on serving and meeting the needs of customers by providing research, analysis and data.

"Craig possesses the drive to be successful in everything he does. We are proud to honor him with this prestigious award," said Scott Peters, chief marketing officer.

Tankersley, a 21-year banking veteran, holds a bachelor's degree in marketing and management from the University of North Alabama in Florence, Ala., as well as a master's degree in business administration from DePaul University in Chicago, Ill.

Tankersley is actively involved in the community through a variety of organizations. He currently serves as a patient pal at Children's Hospital. In his spare time, Tankersley serves as a youth baseball and soccer coach.

The Better Life Award is awarded monthly to a Region associate who clearly lives the company's mission to make life better for customers, associates and the communities it serves and who is an example of the company's values:

* Put People First

* Do What Is Right

* Focus On Your Customer

* Reach Higher

* Enjoy Life

Regions associates are nominated by their managers and peers for the award, and recipients are honored by Regions Chairman, President and CEO Dowd Ritter at the company's headquarters in Birmingham, Alabama, at a meeting broadcast live to offices and branches in the 16 states Regions serves. In addition to the recognition, associates earning the Better Life Award will receive an additional week of vacation and a crystal award.

About Regions Financial Corporation

Regions Financial Corporation, with $143 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 1,900 banking offices and approximately 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.