11/1/2012 -- Regions Financial Corp. (RF) announced today that it will redeem all issued and outstanding 8.875% Trust Preferred Securities issued by Regions Financing Trust III: CUSIP - 7591EM107. The aggregate principal amount of trust preferred securities outstanding is approximately $345 million. The determination to redeem the trust preferred securities follows a notice of proposed rulemaking, approved for publication in the Federal Register by the Board of Governors of the Federal Reserve System on June 7, 2012, which would phase-out the Tier 1 capital treatment of the trust preferred securities. Regions has determined that the Federal Reserve’s approval for publication of the notice of proposed rulemaking constituted a “capital treatment event” (as defined in the indenture related to the trust preferred securities), which allows Regions to redeem the trust preferred securities pursuant to the terms of such securities. The redemption price will be $25 per trust preferred security, together with any accrued and unpaid interest to the redemption date of December 3, 2012. The complete terms and conditions of the redemption are set forth in Regions’ notice to the holders of the trust preferred securities. The redemption will be funded with the proceeds of Regions recently completed preferred stock offering. ____________ This security is possibly subject to an early call as a result of the occurrence of a capital treatment event (see prospectus for further information) stemming from the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Regions Financing Trust III, 8.875% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Regions Financial Corp. (NYSE: RF) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 6/15/2013 at $25 per share plus accrued and unpaid dividends, and maturing 6/15/2048 which may be extended to 6/15/2078. Cumulative distributions of 8.875% ($2.21875) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by trust preferred securities are derived from interest paid to the underlying debt securities and therefore are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The company has the right, at any time, to defer dividend payments for up to 40 consecutive quarters without giving rise to an event of default (but not beyond the maturity date) and up to 20 consecutive quarters before the alternative payment mechanism takes effect. The trust's assets consist of the 8.875% Junior Subordinated Deferrable Interest Notes due 6/15/2048 which may be extended to 6/15/2078 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.88% $2.21875	$25.00 $25.00	Called for 12/03/2012 6/15/2078	B2 BB 8/06/2012	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.regions.com/
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Email Address	list.underwood@regions.com
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Address and Phone Numbers

Address:   1900 Fifth Avenue North, Birmingham, AL 35203
Main Phone Number	205-944-1300
Fax Number	205-326-7756
Investor Relations   M. List Underwood, Jr.	205-801-0265
Toll Free Phone Number	800-734-4667

CEO - O. B. Grayson Hall, Jr.

CFO - David J. Turner, Jr.