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): November 12, 2010

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) 326-5807

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 November 15, 2010, Regions Financial Corporation announced that William C. Wells II resigned as the company’s Chief Risk Officer on November 12, 2010. The responsibilities of the Chief Risk Officer will be performed on an interim basis by Barb Godin, head of Credit Operations, and John Haley, head of Risk Analytics.

A copy of the press release announcing the event described above is attached as Exhibit 99.1 hereto and is incorporated in this report by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1     Press Release of November 15, 2010.

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: November 15, 2010

EX-99.1

Exhibit 99.1

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

Regions Financial Announces Leadership Changes in Risk Management

BIRMINGHAM, Ala. – (BUSINESS WIRE) – November 15, 2010 – Regions Financial Corporation (NYSE:RF) today announced leadership changes in its Risk Management Group following the resignation of Chief Risk Officer Bill Wells. A search is underway for a new Chief Risk Officer, and responsibilities for the function will be divided on an interim basis between Barb Godin, head of Credit Operations, who will also assume leadership of Problem Asset Management, Credit Risk and Business Services Credit, and John Haley, head of Risk Analytics, who will also be responsible for Regulatory Affairs, Enterprise Risk, Market Risk, Operational Risk and Compliance Risk. The company also announced that Michael Willoughby, director of Credit Risk, has retired and Tom Neely, head of Problem Asset Management, has left the company.

“We appreciate the valuable contributions these executives have made to Regions, particularly during the past two years, in an extremely difficult credit environment. It is important to note they are not the result of any determination with regard to additional problem loan migration, loan loss reserves or charge-offs. We are committed to having a strong leadership team in Risk Management and to continuing to de-risk our balance sheet,” said President and CEO Grayson Hall.

Godin and Haley will report to Chief Financial Officer David Turner until a successor to Wells is named.

Godin joined Regions in 2003 and as the Head of Credit Operations has responsibility for areas including Consumer Credit; Retail Collections; Special Assets; and, the Asset Recovery Group which handles the collection of charged-off accounts across all loan portfolios. Before joining Regions, Godin served as executive vice president and chief consumer credit officer for KeyBank.

Haley joined Regions in 1997 and as Director of Risk Analytics has responsibility for quantifying, measuring, monitoring, and reporting on credit risk in Regions’ loan portfolios. Haley had served previously as Director of Operational, Market, and Liquidity Risk and as the Director of Internal Audit. Before joining Regions, Haley had more than 20 years of audit experience, including serving as an associate director of audit for First Union, as the chief auditor at Florida National Bank and as an audit supervisor at Deloitte-Touche.

As previously announced, Regions will present tomorrow at the Bank of America Merrill Lynch Banking and Financial Services Conference.

About Regions Financial Corporation

Regions Financial Corporation, with $133 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 1,800 banking offices and 2,200 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.

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