Regions Financial Corporation Cuts Prime Lending Rate to 7.50 Percent

Regions Financial Corporation (NYSE: RF) today announced that it has cut the commercial prime interest rate to 7.50 percent effective today, October 31, 2007. The prime rate is the benchmark for many types of commercial and consumer loans and lines of credit. The prime rate last changed on September 18, 2007. About Regions 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 $138 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 more than 2,000 AmSouth and Regions banking offices and nearly 2,600 ATMs. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 400 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.