2008-04-17 23:48:29 -

www.regions.com - The Regions Financial Corporation (NYSE:RF) Board of Directors today declared a quarterly cash dividend of 38 cents per share, payable July 1, 2008, to stockholders of record as of June 17, 2008. This is the 149th consecutive quarter in which the company has paid cash dividends, going back to its formation in 1971.

Regions

has been recognized for its long history of consecutive annual dividend increases as well as its dividend yield, which currently approximates 7.5 percent, and by being included in the Dow Jones Select Dividend Index.

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 2,500 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.

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