8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 18, 2008

REGIONS FINANCIAL

CORPORATION

(Exact name of registrant as specified in its charter)

DELAWARE	000-50831	63-0589368
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1900 FIFTH AVENUE NORTH

BIRMINGHAM, ALABAMA 35203

(Address, including zip code, of principal executive office)

Registrant’s telephone number, including area code: (205) 944-1300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
	On December 18, 2008, Regions Financial Corporation (“Regions”) announced that O.B. Grayson Hall, Jr. was elected to its Board of Directors and promoted to the position of vice chairman in addition to his position as senior executive vice president. Mr. Hall was also elected a director and vice chairman of Regions Bank, a wholly-owned subsidiary of Regions. In connection with these events, Mr. Hall’s base salary will be increased to $730,000 and his target annual incentive opportunity for 2009 will be increased to 140% of base salary. For additional information, see the press release attached hereto as Exhibit 99.1.
Item 9.01	Financial Statements and Exhibits.
	(d)     Exhibits
	99.1        Press Release of December 18, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	REGIONS FINANCIAL CORPORATION
	By:	/s/ John D. Buchanan
	Name:	John D. Buchanan
	Title:	Senior Executive Vice President, General Counsel and Corporate Secretary
Date: December 22, 2008

EX-99.1

Exhibit 99.1

Media Contact:	Investor Relations Contact:
Tim Deighton	List Underwood
(205) 264-4551	(205) 801-0265

Grayson Hall Elected to Regions Board of Directors

Head of General Bank Also Named Vice Chairman

BIRMINGHAM, Ala. – (BUSINESS WIRE) – December 18, 2008 – Regions Financial Corporation announced today that it has elected O.B. Grayson Hall, Jr., to its Board of Directors. Hall, senior executive vice president and head of Regions’ General Bank, also was named to the additional position of vice chairman of the company in recognition of his significant management responsibilities.

“Grayson has successfully assumed increasing responsibilities during his distinguished 28-year career at Regions and predecessor banks, and he has consistently demonstrated his leadership and execution skills, particularly during the past year,” said Dowd Ritter, 61, Regions’ chairman, president and CEO. “We are confident that he will make an important contribution to the Board of Directors as he has to our senior management team.”

Hall, 51, manages Regions’ General Banking Group, which includes the company’s five geographic regions covering 16 states as well as Operations and Technology, and Morgan Keegan & Company. He also serves as a member of Regions Executive Council, its most senior management committee. The General Bank accounts for more than 24,000 of Regions’ 30,000 associates.

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 approximately 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.