UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): October 1, 2007

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 of Principal Executive Offices)	(Zip Code)

	(205) 944-1300

	(Registrant’s telephone number, including area code)



	(Former Name or Former Address, if Changed Since Last Report.)

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 (see General Instruction A.2. below):

[ ]	Written communications 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 1.01 ENTRY INTO A DEFINITIVE MATERIAL AGREEMENT

Employment and Change in Control Arrangements

The senior executive officers and other key officers of Regions Financial Corporation (“Regions”) who were officers of AmSouth Bancorporation (“AmSouth”) prior to its merger with Regions had agreements that provided them protections in the event of a change in control of AmSouth. At the time the merger agreement was signed, however, C. Dowd Ritter waived the protection of his agreement with respect to specifics of the Regions-AmSouth merger. Mr. Ritter was the Chief Executive Officer of AmSouth at the time of the Regions-AmSouth merger and is currently the Chief Executive Officer of Regions.

In order to encourage the retention of legacy AmSouth officers and ensure they remain focused on the business of Regions and as consideration for the legacy AmSouth officers’ agreement to terminate their existing agreements, Regions has initiated a restricted stock unit program that it has designated the “Retention RSU Program” and a cash bonus program for more junior personnel. Accordingly, many of the legacy AmSouth officers have agreed to terminate their existing agreements and to enter into new agreements that provide for the issuance of Retention RSU awards (or, in some cases, a cash bonus or a combination of a Retention RSU award and a cash bonus) and more limited protection in the event of a future change in control of Regions. In addition, for legacy AmSouth officers who are participants in the AmSouth Supplemental Executive Retirement Plan, Regions has agreed to preserve the enhanced benefit the officers would have received under their pre-existing agreements. The Retention RSU awards are being granted under the existing AmSouth 2006 Long Term Incentive Compensation Plan.

Mr. Ritter is also participating in the Retention RSU Program and agreed to terminate his existing employment agreement. On October 1, 2007, Mr. Ritter received a grant of 404,984 Retention RSUs. However, Mr. Ritter is not entering into a new agreement that provides protection in the event of a future change in control of Regions. As part of the termination of Mr. Ritter’s agreement, Regions preserved Mr. Ritter’s post-employment non-competition and non-solicitation restrictions as well as his existing retirement benefits (these benefits did not include any enhancement as a result of Regions-AmSouth merger) and his existing protection against any future golden-parachute excise tax.

Additional Detail Regarding Participating Legacy AmSouth Officers
The following will be implemented with respect to the legacy AmSouth officers participating in the Retention RSU Program:

Regions has agreed to grant to the executive officer a specified number of restricted stock units under the AmSouth 2006 Long Term Incentive Compensation Plan or a cash bonus or a combination of restricted stock units and a cash bonus. The restricted stock units will have 5-year cliff vesting, with accelerated vesting in the event of death, disability, retirement, involuntary termination without cause or a future change in control of

Regions. The cash bonus will be payable on January 15, 2008, provided the recipient is still employed by Regions on that date or in the event of death or disability or involuntary termination without cause prior to that date.

For participating legacy AmSouth officers (other than Mr. Ritter), the new agreement provides for more limited protections in the event a future change in control of Regions occurs.

Each agreement has a term through December 31, 2009 that automatically renews unless Regions provides 60 days advance notice of its intent not to renew the term. If a change in control occurs during the term there will be a two-year protection period. If Regions terminates the executive officer’s employment other than for cause, or if the officer resigns for good reason during this protection period, Regions must pay him accrued compensation and benefits plus an amount equal to a multiple of the sum of his base salary (based on the greater of his base salary immediately before the change in control and his base salary upon termination) and annual bonus (based on the greater of his average annual bonus for the three full fiscal years immediately before the change in control and his target annual bonus for the fiscal year of termination). If the executive officer’s employment is terminated by Regions for cause, or by reason of the officer’s death, disability, or resignation other than for good reason, Regions’ liability is limited to accrued compensation and benefits. If any payment under a new change in control agreement causes the executive officer to become subject to the excise tax imposed under section 4999 of the Internal Revenue Code, then Regions will make an additional payment sufficient to cover the excise tax plus all income and excise tax imposed on such additional payment.

The new change in control agreements for a limited number of the legacy AmSouth officers also maintain the enhanced SERP benefits the officers would have received under the pre-existing agreements. The enhanced benefit provides a minimum percentage of annual average covered compensation based on years of credited service ranging from 40% at 10 years up to a maximum of 65% at 35 years. Eligible participants generally vest in this enhanced benefit only after 10 years of service and the attainment of age 60, except in the case of death, disability or change-in-control.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

The following exhibits are filed herewith:

EXHIBIT No.

DESCRIPTION OF EXHIBIT

10.1	Letter Agreement re: Termination of Employment Agreement, dated as of October 1, 2007, by and between Regions Financial Corporation and C. Dowd Ritter

10.2	Letter Agreement re: Supplemental Retirement Agreement, dated as of October 1, 2007, by and between Regions Financial Corporation and C. Dowd Ritter

10.3	Form of Change in Control Agreement

99.1	Form of Retention RSU Award Notice

99.2	Form of Retention RSU Award Agreement

SIGNATURE

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 (Registrant)
	By:	/s/ John D. Buchanan
		John D. Buchanan Executive Vice President & General Counsel

Date: October 3, 2007

Exhibit 10.1

October 1, 2007

Mr. C. Dowd Ritter
[Address]

Re:

Termination of Employment Agreement

Dear Dowd:

The purpose of this AGREEMENT (the “ Agreement ”) is to set forth the mutual understanding between Regions Financial Corporation (the “ Company ”) and you in respect of the termination of the employment agreement, dated October 4, 1999, between you and AmSouth Bancorporation (“AmSouth ”), as amended August 8, 2001, July 8, 2003 and April 23, 2004, and as modified by the May 24, 2006 letter from you to the Board of Directors of AmSouth (your employment agreement, as amended and modified, is referred to herein as your “ Employment Agreement ”).

1.	Purpose, Effectiveness and Interpretation.

(a) Purpose. You and the Company desire to terminate your Employment Agreement, subject to the provisions of this Agreement. You should review this Agreement carefully for the terms and conditions that will apply.

(b) Effectiveness. If you agree to the terms and conditions of this Agreement, please execute and return a copy of this Agreement to the Executive Compensation Department of Regions. This Agreement will become effective on execution by both you and the Company.

C. Dowd Ritter

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2.	Termination of Employment Agreement; Retention Grant; Supplemental Retirement Agreement

If this Agreement becomes effective, each of the following will occur:

(a) Termination of Your Employment Agreement . Your Employment Agreement will be terminated and neither you nor the Company or any of its affiliates shall have any obligation or liability of any kind under the Employment Agreement. By signing this Agreement, you are electing to forgo any payments and benefits you may otherwise be eligible to receive under the Employment Agreement, other than the payments and benefits under your Employment Agreement that are being preserved under the supplemental retirement agreement that you and the Company are entering into as of the effective date of this Agreement.

(b) Retention Grant . In consideration of your commitments as outlined above, the Company will grant you an award of 404,984 restricted stock units of the Company on a date as determined by the Compensation Committee of the Board after your acceptance of this Agreement. These restricted stock units will be substantially on the terms of the form of restricted stock unit award agreement attached to this Agreement.

This Agreement may be executed in counterparts, each of which will constitute an original and all of which, when taken together, will constitute one agreement.

C. Dowd Ritter

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If you agree to the terms and conditions of this Agreement, please execute and return a copy of this Agreement to the Executive Compensation Department of the Company.

	REGIONS FINANCIAL CORPORATION
	By:

	Name: Title:
	Date:

AGREED AND ACKNOWLEDGED:




C. Dowd Ritter

Date:

Exhibit 10.2

October 1, 2007

Mr. C. Dowd Ritter
[Address]

Re:

Supplemental Retirement Agreement

Dear Dowd:

The purpose of this AGREEMENT (the “ Agreement ”) is to set forth the understanding between Regions Financial Corporation (the “ Company ”) and you in respect of certain supplemental retirement benefits and other benefits and obligations. This Agreement is being entered into in conjunction with the Company and you agreeing, as of the effective date of this Agreement, to terminate your employment agreement (the “ Employment Agreement ”).

1.	Purpose, Effectiveness and Interpretation.

(a) Purpose. The Company and you desire to set forth the terms of certain supplemental retirement benefits and other benefits and obligations. You should review this Agreement carefully for the terms and conditions that will apply.

(b) Interpretation. Some of the terms used in this Agreement are defined in the attached Annex, which also includes some of the general provisions that govern this Agreement. The Annex is a part of this Agreement, and you should refer to the Annex as you review the rest of this Agreement.

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2.	Supplemental Retirement Benefits; Medical Coverage; Officer and Director Insurance; Time and Form of Payment

(a) Supplemental Retirement Benefits . Upon termination of your employment with the Company, you shall be entitled to receive a supplemental retirement benefit (the “ Retirement Benefit ”) equal to the greater of (i) the lump sum amount of your Employment Agreement Retirement Benefit and (ii) the lump sum amount of your SERP Benefit. The lump sum amount of your Employment Agreement Retirement Benefit shall be calculated based on the assumption that the Employment Agreement Retirement Benefit is paid as a joint and 50% survivor annuity, with the discount and mortality assumptions being the same as those assumptions under the SERP, as in effect from time to time; provided, however, that in the event of your death before termination of your employment with the Company, your lump sum Employment Agreement Retirement Benefit shall be calculated assuming you had retired before your death and had selected a joint and 100% survivor annuity. The lump sum amount of your SERP Benefit shall be calculated based on the assumptions under the SERP, as in effect from time to time.

(b) Medical Coverage . Upon termination of your employment with the Company for any reason, the Company shall continue to provide you and your then current spouse with medical and dental benefits for the remainder of each of your lives on a basis no less favorable than those benefits provided to you immediately prior to such termination (your ‘Medical Benefits”). In accordance with Section 409A of the Code, the amount of Medical Benefits that you and your spouse receive during any calendar shall not affect the benefits to be provided to you in any other calendar year and your right to receive the Medical Benefits is not subject to liquidation or exchange for another benefit.

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and director liability insurance under substantially the same terms and conditions as are in effect immediately prior to termination of your employment at no cost to you until the statute of limitations expires on claims arising prior to such termination and shall continue indemnification and advancement of litigation expenses to the maximum extent and for the maximum period permitted by law; provided, however, that the amount of expenses for which you may receive an advancement during a calendar year shall not affect the amount of expenses for which you are eligible for reimbursement in any other calendar year. Your right to advancement for fees and expenses is not subject to liquidation or exchange for another benefit.

(d) Form and Time of Payment. The Retirement Benefit payable under Section 2(a) above shall be payable in a lump sum payment within 30 days following termination of your employment with the Company. In the event of your death prior to termination of your employment with the Company, the Retirement Benefit shall be payable to your spouse, if she survives you, in a lump sum within 30 days following your death. Notwithstanding anything herein to the contrary, (A) if you are a “specified employee” at the time you separate from service with the Company and any payment or benefit payable to you under this Agreement or the SERP or any other plan, program arrangement or agreement maintained by the Company is determined to constitute non-qualified deferred compensation, such payment shall be made or such benefit shall be provided on the date that is six months after your separation from service with the Company, all as determined in accordance with Section 409A of the Code, and (B) if you separate from service with the Company on or before December 31, 2007, any amount that you are entitled to receive under this Agreement will be paid to you at the times contemplated under the Employment Agreement (as determined by the Company in accordance with Section 409A of the Code). For purposes of this Agreement, each reference to a joint and survivor annuity shall be based on the assumption that the survivor is your surviving spouse, not an alternate payee.

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(e) Definitions . For purposes of this Agreement, the following terms have the meaning indicated:

“ Employment Agreement Retirement Benefit ” means an amount equal to the Total Retirement Benefit less the Pension Plan Benefit.

“ Final Average Pay ” means the average of the sum of your highest annual base salary and annual bonuses for three of the five years prior to your retirement.

“ Pension Plan Benefit ” means your benefit under the Company’s tax-qualified defined benefit pension plan, payable as a joint and 50% survivor annuity.

“ SERP ” means the AmSouth Bancorporation Supplemental Retirement Plan, as amended.

“ SERP Benefit ” means the benefit you would be entitled to receive under the SERP.

“ Total Retirement Benefit ” means an annual retirement benefit as set forth in the chart below:

Age at which Retirement Benefits Begin	Accrual Factor for Replacement % of Final Average Pay assuming Retirement age 62 or older	Early Payment Reduction Factor	Total Retirement Benefit
59	57%	91%	51.87% of Final Average Pay
60	58%	94%	54.52% of Final Average Pay
61	59%	97%	57.23% of Final Average Pay
62 or older	60%	100%	60% of Final Average Pay

3.	Confidential Information; Noncompetition.

(a) Confidential Information . You shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its affiliated companies,

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and their respective businesses, which shall have been obtained by you during your employment by the Company or any of its affiliated companies and which shall not be or become public knowledge (other than by acts by you or your representatives in violation of this Agreement). After termination of your employment with the Company, you shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process, communicate or divulge any such information, knowledge or data to anyone other than the Company and those designated by it.

(b) Noncompetition . Without the prior written consent of the Company, during the period of your employment with the Company and for twenty-four (24) months following termination of your employment, you shall not, as an employee or an officer, engage directly or indirectly in any business or enterprise which is “in competition” with the Company or its successors or assigns. For purposes of this Agreement, a business or enterprise will be deemed to be “in competition” if it is a banking institution, the headquarters of which is within one hundred (100) miles from the location of your principal job location or office at the time of termination of employment. However, you shall be allowed to purchase and hold for investment less than three percent (3%) of the shares of any corporation whose shares are regularly traded on a national securities exchange or in the over-the-counter market.

(c) In the event of a breach or threatened breach of this Section 3, you agree that the Company shall be entitled to injunctive relief in a court of appropriate jurisdiction to remedy any such breach or threatened breach. You acknowledge that damages would be inadequate and insufficient.

(d) Any termination of your employment or of this Agreement shall have no effect on the continuing operation of this Section 3. In no event shall an asserted violation of the provisions of this Section 3 constitute a basis for deferring or withholding any amounts otherwise payable to you under this Agreement.

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4.	Effect of Excise Tax.

(a) General . This Section 4 will apply to all Payments, including any Payments you receive in respect of the merger of the Company and AmSouth Bancorporation. In the event of a determination that any Payments are subject to the Excise Tax, the Company shall pay to you an amount, within 30 days of the determination of the amount (but in any event no later than by the end of your taxable year next following the taxable year in which the Excise Tax is remitted), which, on an after-tax basis (including federal income and excise taxes, and state and local income taxes) equals the Excise Tax. However, if the total Payments do not exceed 110% of the Excise Limit, the total Payments will be reduced to the Excise Limit . For purposes of this Section 4, you shall be deemed to pay federal, state and local income taxes at the highest marginal rate of taxation for the calendar year in which the gross up payment is to be made, taking into account the maximum reduction in federal income taxes which could be obtained from deduction of state and local income taxes.

(b) Determinations . All determinations required to be made under this Section 4, including as to any underlying assumptions, will be made by the Accounting Firm. If your Payments are reduced to the Excise Limit, the Accounting Firm will provide you with a written opinion, in form and substance reasonably satisfactory to you, that (1) you are not required to pay any Excise Tax and (2) your not reporting any Excise Tax on your applicable federal income tax return will not result in the imposition of a negligence or similar penalty. The Company will bear all fees and expenses of the Accounting Firm, including any costs of retaining experts. Determinations by the Accounting Firm in accordance with this Section 4(b) will be binding other than as provided in Section 4(c).

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tax return), the Internal Revenue Service, or a court determines that there has been an Underpayment, the Company will pay you the Underpayment within 10 days of determination (but in any event no later than by the end of your taxable year next following the taxable year in which the Underpayment is remitted), together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code) for the term of the Underpayment. If a final determination of a court or an Internal Revenue Service proceeding (that has been finally and conclusively resolved) establishes that there has been an Overpayment, the Overpayment will be deemed for all purposes to be a loan to you that was made on the date you received the Overpayment. You agree to repay the Overpayment on demand.

5.	Fees and Expenses; Governing Law; Waiver of Jury Trial; Jurisdiction and Choice of Forum; Counterparts.

(a) Fees and Expenses . The Company agrees to pay, to the full extent permitted by law, all legal fees and expenses reasonably incurred by you as a result of any contest by the Company, you or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee thereof. Reimbursement of your fees and expenses shall be made within 30 days of the date you submit a request for reimbursement, but in no event shall any such amount be reimbursed after the last day of the calendar year following the calendar year in which you incurred such fees and expenses. However, the Company shall not be liable for any such fees or expenses if a court determines that the position taken by you with respect to such contest is an unreasonable position or is frivolous. In the event the determination described in the preceding sentence is made, you shall promptly repay to the Company any reimbursement of fees and expenses that you received from the Company before the date of such determination, together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code). The amount of reimbursement for fees and expenses for which you may be reimbursed during a calendar year shall not affect the amount of fees and expenses for which you are eligible for reimbursement in any other calendar year. Your right to reimbursement for fees and expenses is not subject to liquidation or

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exchange for another benefit.

(b) Governing Law . This Agreement will be governed by and construed in accordance with the law of the State of Alabama applicable to contracts made and to be performed entirely within that state.

(c) Waiver of Jury Trial . To the extent permitted by law, you and the Company waive any and all rights to a jury trial with respect to any matter related to your employment with the Company.

(d) Jurisdiction and Choice of Forum . You and the Company irrevocably submit to the exclusive jurisdiction of any state or federal court located in Birmingham, Alabama over any contest related to this Agreement, your employment or termination of your employment. This includes any action or proceeding to compel arbitration or to enforce an arbitration award. Both you and the Company (1) acknowledge that the forum stated in this Section 5(d) has a reasonable relation to this Agreement and to the relationship between you and the Company and that the submission to the forum will apply even if the forum chooses to apply non-forum law, (2) waive, to the extent permitted by law, any objection to personal jurisdiction or to the laying of venue of any action or proceeding covered by this Section 5(d) in the forum stated in this Section, (3) agree not to commence any such action or proceeding in any forum other than the forum stated in this Section 5(d), and (4) agree that, to the extent permitted by law, a final and non-appealable judgment in any such action or proceeding in any such court will be conclusive and binding on you and the Company. However, nothing in this Agreement precludes you or the Company from bringing any action or proceeding in any court for the purpose of enforcing the provisions of this Section 5(d).

(e) Counterparts . This Agreement may be executed in counterparts, each of which will constitute an original and all of which, when taken together, will constitute one agreement.

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If you agree to the terms and conditions of this Agreement, please execute and return a copy of this Agreement to the Executive Compensation Department of the Company.

	REGIONS FINANCIAL CORPORATION
	By:

	Name: Title:
	Date:

AGREED AND ACKNOWLEDGED:




C. Dowd Ritter

Date:

Annex to Agreement of C. Dowd Ritter

Some of the terms used in the attached Agreement are defined in this Annex, which also includes some of the general provisions that govern the Agreement. This Annex is a part of this Agreement, and you should refer to this Annex as you review the Agreement.

1. Definitions.

For purposes of the Agreement, the following terms have the meanings indicated:

Terms Relating to Excise Tax

“ Accounting Firm ” means any independent, nationally recognized public accounting firm that (1) the Company selects before a change in control or (2) that is reasonably acceptable to you and selected by the surviving company after a change in control.

“ Excise Limit ” means the greatest amount of Payments that could be made to you without giving rise to Excise Tax.

“ Excise Tax ” means the excise tax imposed by Section 4999 of the Code and any related interest or penalties incurred by you.

“ Payment ” means any payment made or benefit provided, including any awards and distributions, to you or for your benefit (i) by the Group, whether or not pursuant to this Agreement, or (ii) by any other entity in connection with a change in the ownership or effective control of any member of the Group or a change in the ownership of a substantial portion of the assets of the Group.

“ Overpayment ” means any Payment that is above the amount provided in Section 4(a) of the Agreement.

“ Underpayment ” means any Payment that is not made, consistent with the determination of the Accounting Firm or the Company pursuant to Section 4(d) of the Agreement, but that should have been made pursuant to the correct

C. Dowd Ritter

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application of Section 4(a) of the Agreement.

2. Effect on Other Agreements.

(a) Prior Employment Agreements and Severance Rights . This Agreement will supersede your Employment Agreement and any earlier employment, severance or similar rights you may have with any member of the Group.

(b) Effect on Other Agreements; Entire Agreement . This Agreement is the entire agreement between you and the Company with respect to the benefits contemplated by this Agreement and supersedes any earlier agreement, written or oral, with respect to the subject matter of this Agreement. In entering into this Agreement, no party has relied on or made any representation, warranty, inducement, promise or understanding that is not in this Agreement.

3. Successors.

(a) Assignment by You . You may not assign this Agreement without the Company’s consent. Also, except as required by law, your right to receive payments or benefits under this Agreement may not be subject to execution, attachment, levy or similar process. Any attempt to effect any of the preceding in violation of this Section 3(a), whether voluntary or involuntary, will be void.

(b) Assumption by any Surviving Company . Before the effectiveness of any Business Combination, the Company will cause (i) the Surviving Company to unconditionally assume this Agreement in writing and (ii) a copy of the assumption to be provided to you. After the Business Combination, the Surviving Company will be treated for all purposes as the Company under this Agreement.

4. General Provisions.

(a) Construction . (i) References to the following terms have the meanings stated:

1. To Sections are to sections of this Agreement unless

C. Dowd Ritter

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otherwise stated.

2. To any contract (including this Agreement) are to the contract as amended, modified, supplemented or replaced from time to time.

3. To any statute, rule or regulation are to the statute, rule or regulation as amended, modified, supplemented or replaced from time to time (and, in the case of statutes, include any rules and regulations promulgated under the statute) and to any section of any statute, rule or regulation include any successor to the section.

4. To any g overnmental authority include any successor to the governmental authority.

5. To any plan include any programs, practices and policies.

6. To any entity include any corporation, limited liability company, partnership, association, business trust and similar organization and include any governmental authority.

7. To any affiliate of any entity are to any person or other entity directly or indirectly controlling, controlled by or under common control with the first entity.

(ii) The various headings in this Agreement are for convenience of reference only and in no way define, limit or describe the scope or intent of any provisions or Sections of the Agreement or this Annex.

(iii) Unless the context requires otherwise, (A) words describing the singular number include the plural and vice versa , (B) words denoting any gender include all genders and (C) the words “ include ”, “ includes ” and “ including ” will be deemed to be followed by the words “without limitation.”

(iv) It is your and the Group’s intention that this Agreement not be construed more strictly with regard to you or the Group.

C. Dowd Ritter

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(b) Withholding . You and the Group will treat all payments to you under this Agreement as compensation for services. Accordingly, the Group may withhold from any payment any taxes that are required to be withheld under any law, rule or regulation.

(c) Severability . If any provision of this Agreement is found by any court of competent jurisdiction (or legally empowered agency) to be illegal, invalid or unenforceable for any reason, then (i) the provision will be amended automatically to the minimum extent necessary to cure the illegality or invalidity and permit enforcement and (ii) the remainder of this Agreement will not be affected.

(d) No Set-off or Mitigation . Your and the Company’s respective obligations under this Agreement will not be affected by any set-off, counterclaim, recoupment or other right you or any member of the Group may have against each other or anyone else. You do not need to seek other employment or take any other action to mitigate any amounts owed to you under this Agreement, and those amounts will not be reduced if you do obtain other employment.

(e) Notices . All notices, requests, demands and other communications under this Agreement must be in writing and will be deemed given (i) on the business day sent, when delivered by hand or facsimile transmission (with confirmation) during normal business hours, (ii) on the business day after the business day sent, if delivered by a nationally recognized overnight courier or (iii) on the third business day after the business day sent if delivered by registered or certified mail, return receipt requested, in each case to the following address or number (or to such other addresses or numbers as may be specified by notice that conforms to this paragraph (e):

C. Dowd Ritter

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If to you, to:

C. Dowd Ritter
2949 Southwood Road
Birmingham, AL 35223

If to the Company or any other member of the Group, to:

Regions Financial Corporation
P.O. Box 10247
Birmingham, Alabama 35202
Attention: General Counsel
Facsimile: (205) 581-7629

with a copy to:

Sullivan & Cromwell
125 Broad Street
New York, New York 10004
Attention: Marc Trevino
Facsimile: 212-558-3588

(f) Consideration . This Agreement is in consideration of the mutual covenants contained in it. You and the Company acknowledge the receipt and sufficiency of the consideration to this Agreement and intend this Agreement to be legally binding.

(g) Amendments and Waivers . Any provision of this Agreement may be amended or waived but only if the amendment or waiver is in writing and signed, in the case of an amendment, by you and the Company or, in the case of a waiver, by the party that would have benefited from the provision waived. Except as this Agreement otherwise provides, no failure or delay by you or the Group to exercise any right or remedy under this Agreement will operate as a

C. Dowd Ritter

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waiver, and no partial exercise of any right or remedy will preclude any further exercise.

(h) Third Party Beneficiaries . This Agreement will be binding on, inure to the benefit of and be enforceable by the parties and their respective heirs, personal representatives, successors and assigns. This Agreement does not confer any rights, remedies, obligations or liabilities to any entity or person other than you and the Company and your and the Company’s permitted successors and assigns, although this Agreement will inure to the benefit of the Group.

(j) No Golden Parachute Payments; Application to the Appropriate Federal Banking Agency . If any Payment would otherwise be a golden parachute payment within the meaning of Section 18(k) of the Federal Deposit Insurance Act, the Payment will not be made unless permitted under applicable law. The Company will use best efforts promptly to apply to the appropriate federal banking agency for a determination that any golden parachute payment is permissible. Any Payment that is determined permissible will be paid in accordance with its terms or, if due before the date of determination, will be paid within 30 days of determination together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code).

Exhibit 10.3

September 10, 2007

[Name]
[address]

Re:

Change in Control Agreement

Dear [Name] :

This is your new CHANGE IN CONTROL AGREEMENT (the “ Agreement ”) with Regions Financial Corporation (the “ Company ”).

1.	Purpose, Effectiveness and Interpretation.

(a) Purpose. This Company desires to provide you with protection if there is a future Change in Control of the Company. You should review this Agreement carefully for the terms and conditions that will apply.

(b) Interpretation. Some of terms used in this Agreement are defined in the attached Annex, which also includes some of the general provisions that govern this Agreement. The Annex is a part of this Agreement, and you should refer to the Annex as you review the rest of this Agreement.

(c) Effectiveness. If you agree to the terms and conditions of this Agreement, please execute and return a copy of this Agreement to the Executive Compensation Department of Regions. This Agreement will become effective on execution by both you and the Company.

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2.	Termination of AmSouth Agreement, Retention Grant and SERP Enhancement

If this Agreement becomes effective, each of the following will occur:

(a) Termination of AmSouth Agreement . Your existing employment agreement, dated [date] between you and AmSouth Bancorporation will be terminated (your “ Prior Agreement ”). Neither you nor the Company or any of its affiliates (as constituted from time to time, the “ Group ”) shall have any obligation or liability of any kind under the Prior Agreement. By signing this Agreement, you are electing to forgo any payments and benefits you may otherwise be eligible to receive under the Prior Agreement.

(b) Retention Grant . In consideration of your commitments as outlined above, the Company will grant you an award of [number] restricted stock units of the Company on a date as determined by the Compensation Committee of the Board after your acceptance of this Agreement. These restricted stock units will be substantially on the terms of the form of restricted stock unit award agreement attached to this Agreement (the “ Award Agreement ”).

(c) SERP Enhancement . As additional consideration for your commitments as outlined above, your minimum benefit under the AmSouth Bancorporation Supplemental Retirement Plan shall equal the Enhanced Benefit you would have been eligible to receive under Section 3.01 of the Plan if you had terminated employment under the Prior Agreement on November 4, 2008. In addition, your interest in the Enhanced Benefit will be fully vested regardless of the age at which you retire.

Term of this Agreement

The term of this Agreement will begin on the date it becomes effective and will continue until December 31, 2009. On December 31, 2009, and on each December 31 after that, the term of this Agreement will be automatically extended for one additional year unless (1) a Change in Control occurs or (2) the Company gives you 60 days prior written notice of the intention to not extend this Agreement;

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provided , however , that the Company may not provide you with a notice of non-extension within one year following the occurrence of a Potential Change in Control or while a Potential Change in Control is pending.

4.	Terms of Employment Following Change in Control

If a Change in Control occurs during the term of this Agreement, a “ Protected Employment Period ” will begin and the following employment terms will be effective. Your Protected Employment Period will end on the second anniversary of the Change in Control or your separation of service from the Company if earlier.

(a) Compensation and Benefits .

(1) Annual Base Salary . During the Protected Employment Period, you will be entitled to receive annual base salary at a rate that is at least equal to the rate of your annual base salary as in effect immediately before the Change in Control.

(2) Annual Bonus Opportunity . During the Protected Employment Period, you will be entitled to have an annual bonus opportunity that is at least materially equivalent to your annual bonus opportunity in effect for the year during which the Change in Control occurred.

(3) Long-Term Incentive Opportunity . During the Protected Employment Period, you will be entitled to participate in long term incentive plans, practices, policies and programs applicable generally to other peer executives of the Company and be entitled to receive periodic grants under such plans, practices, policies and programs that are no less than market-competitive for the position you held with the Company immediately before the Change in Control as reasonably determined by the Company (on the same basis as such determination is made for other peer executives of the Company).

(4) Employee Benefit Plans . During the Protected Employment Period, you will be entitled to participate in employee benefit plans, programs and arrangements (including tax-qualified and non-qualified

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pension, retirement savings, health and other welfare benefit plans) that, in the aggregate, are at least substantially similar to the Company employee benefit plans, programs and arrangements that you were eligible to participate in immediately before the Change in Control. However, nothing in this Section 4(a)(4) will entitle you to any particular type of employee benefit or limit in any way the Company’s or the Surviving Company’s ability to establish, amend or terminate any employee benefit plan, program or arrangement.

(b) Employment at Will . Notwithstanding that a Protected Employment Period may occur, you and the Company acknowledge that your employment with the Company is “at will” and may be terminated by you or by the Company at any time and for any reason, either before or after a Change in Control occurs.

Severance Protection

(a) Important Definitions . This Section 5 uses the following defined terms:

(1) “ Cause ” means the occurrence of one or more of the following:

(A) your willful and continued failure to substantially perform your reasonably assigned duties with the Company or any of its affiliates (other than any such failure resulting from incapacity due to physical or mental illness), which failure continues for a period of at least 30 days after a written demand for substantial performance, signed by a duly authorized officer of the Company, has been delivered to you specifying the manner in which you have failed substantially to perform;

(B) your breach of fiduciary duty involving personal profit, your commission of a felony or a crime involving fraud or moral turpitude, or your material breach of any provision of this Agreement;

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misconduct that is materially injurious to the Company;

(D) your willfully impeding, endeavoring to influence, obstruct or impede or failing to materially cooperate with an investigation authorized by the Board, a self-regulatory organization empowered with self-regulatory responsibilities under federal securities or state laws or any substantially equivalent foreign statute or regulation or a governmental department or agency; or

(E) your disqualification or bar by any governmental or self-regulatory authority from carrying out the duties and responsibilities of your position with the Group or your loss of any governmental or self-regulatory license that is reasonably necessary for you to perform your responsibilities to the Group.

Notwithstanding the foregoing, no termination of your employment shall be for Cause until (i) there shall have been delivered to you a notice of termination, and (ii) within 15 days thereafter, you shall have been provided an opportunity to be heard in person by a review panel appointed by the Compensation Committee of the Board. For purposes of determining whether an event constituting Cause has occurred, no act or failure to act, on your part, shall be considered “willful” unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was legal, proper, and in the best interests of the Company. Any act, or failure to act, based upon authority and directives given pursuant to a resolution duly adopted by the Board or upon the instructions of a senior officer of the Company or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best interests of the Company. Notwithstanding anything set forth in the Agreement to the contrary, no failure to perform by you after a notice of termination is given by you to the Company shall constitute Cause for the purposes of this Agreement.

(2) “ Good Reason ” means the occurrence of one or more of the

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following:

(A) an adverse change in your responsibilities as in effect immediately before the Change in Control other than any change that is immaterial. For the avoidance of doubt, a change in your title, lines of reporting, or internal job classification will not in and of itself, result in Good Reason;

(B) a material diminution in the budget over which you retain authority as compared with the budget over which you had control immediately before the Change in Control;

(D) the Company requiring you to be based at any location that is more than 50 miles from your regular place of employment immediately before the Change in Control.

Notwithstanding the foregoing, no termination of your employment shall be for Good Reason unless you give the Company written notice within 90 days of your obtaining knowledge of circumstances giving rise to Good Reason (describing in reasonable detail the circumstances and the Good Reason event that has occurred) and the Company does not remedy these circumstances within 30 days of receipt of your notice. In addition, an event will not give rise to Good Reason if it is made with your express written consent.

(b) Severance For Certain Terminations During the Protected Employment Period . If (i) your employment with the Company is terminated during the Protected Employment Period and (ii) the termination is either by the Company without Cause or by you for Good Reason, then :

(1) The Company will pay you (A) your annual base salary as pro-rated through the termination date, to the extent not already paid, (B) reimbursement (in accordance with the Company’s expense

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reimbursement policy) for reasonable and necessary business expenses incurred by you on behalf of the Company before the termination date, (C) your accrued and unused vacation pay (in accordance with the Company’s vacation policy) to the extent not already paid, and (D) bonuses and incentive compensation to which you are entitled under the terms of applicable bonus or incentive plans or awards maintained by the Company (together, your “ Accrued Compensation ”). In addition, the Company will pay or provide you, to the extent not already paid or provided, any amounts or benefits required to be paid or provided or which you are eligible to receive under any plan, program, policy or practice or other contract or agreement of the Group through the termination date (your “ Accrued Other Benefits ”).

(2) The Company will pay severance of three times the sum of your Base Salary and Bonus Amount. For purposes of this Agreement, “ Base Salary ” means the greater of your annual base salary at the rate in effect immediately before a Change in Control and your annual base salary at the rate in effect as of your termination date, in each case, determined without regard to any deferred compensation elections made by you. For purposes of this Agreement, “ Bonus Amount ” means the greater of (A) the average annual cash bonus paid or payable to you by the Company for the three full fiscal year period ending immediately before the occurrence of a Change in Control, and (B) your target annual cash bonus for the fiscal year of termination (in each case determined without regard to any deferred compensation elections made by you).

(3) To the extent not included in your Accrued Compensation, the Company will pay you a pro-rata bonus amount for the year of termination, based on your Bonus Amount.

(4) In addition, for three years after termination of your employment, the Company will continue your medical and dental coverage (and coverage for your eligible dependents) at a level at least equal to the level that such benefits would have been provided to you in accordance with

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the Company’s employee benefit plans if your employment had not terminated; provided that the Company shall cease to provide such coverage if you obtain alternate employment and are eligible for substantially comparable group medical coverage with such employer. Notwithstanding the foregoing, for purposes of determining your eligibility for retiree medical benefits pursuant to any plan, program or arrangement maintained by the Company (but not for purposes of determining the time of commencement of any such benefits), you shall be deemed to have remained employed by the Company until three years after your termination date.

(5) For purposes of vesting and eligibility under the AmSouth Bancorporation Retirement Plan and the AmSouth Bancorporation Supplemental Executive Retirement Plan, you will be credited with the additional years (or partial years) of age and service with the Company that you would have accrued if you had remained employed by the Company through the second anniversary of the Change in Control.

(6) The Company shall also provide you with reasonable outplacement services for the period through the last day of the second calendar year following the calendar year during which your termination of employment occurred.

(c) For Certain Termination Following a Potential Change in Control. If during the term of this Agreement, (i) a Potential Change in Control has occurred, (ii) your employment with the Company is terminated while the Potential Change in Control is pending either by the Company without Cause or by you for Good Reason and (iii) the termination of your employment (or the circumstances giving rise to Good Reason) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control or otherwise arose in connection with or anticipation of a Change in Control, then the Company will make the same payments and provide the same benefits set forth in Section 5(b) (substituting “Potential Change in Control” for all references to “Change in Control” in that Section).

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(d) Other Terminations . If the term of this Agreement expires before a Change in Control and before termination of your employment with the Company or if your employment with the Company terminates other than as contemplated under Section 5(a) or (b), this Agreement will automatically terminate and there will be no obligation or liability of any kind under this Agreement.

6.	Terms and Conditions to Your Severance Protection

(a) Form and Time of Payment. The cash amounts provided for in Section 5 above shall be paid in a single lump sum payment on the regularly scheduled payroll day immediately following the 30th day after your termination date (but in no event later than March 15 ^th following the calendar year in which occurs the later of the time the legally binding right to the payment arises or the time such right first ceases to be subject to a substantial risk of forfeiture). It is intended that these payments constitute short-term deferred compensation within the meaning of the applicable Treasury regulations pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the “ Code ”). Notwithstanding the preceding two sentences, (A) if you are a “specified employee” at the time you separate from service with Company and any payment or benefit under Section 5 is determined to constitute non-qualified deferred compensation, such payment shall be made or such benefit shall be provided on the date that is six months after your separation from service with the Company, all as determined in accordance with Section 409A of the Code, and (B) if you separate from service with the Company on or before December 31, 2007, any amount that you are entitled to receive under this Agreement will be paid to you at the times contemplated under the Prior Agreement (as determined by the Company in accordance with Section 409A of the Code).

(b) Condition . The Company’s obligation to pay or provide the payments and benefits described in Sections 5(b)(2) through (6) shall be contingent upon your signing (and failing to revoke during any applicable revocation period), within 55 days following termination of your employment, a general release of

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claims in favor of the Company and its affiliates.

(c) Exclusive Severance Benefit. The severance pay provided for in Section 5 shall be in lieu of any other severance pay to which you may otherwise be eligible to receive under any severance policy, plan, agreement or arrangement maintained by the Company or any of its affiliates from time to time. Your entitlement to any other benefits (other than additional severance pay) shall be determined in accordance with the Company’s employee benefit plans and other applicable programs and practices then in effect.

7.	Effect of Change in Control Excise Tax.

(a) General . This Section 7 will apply to all Payments, including any Payments you receive in respect of the merger of the Company and AmSouth Bancorporation. In the event of a determination that any Payments are subject to the Excise Tax, the Company shall pay to you an amount, within 30 days of the determination of the amount (but in any event no later than by the end of your taxable year next following the taxable year in which the Excise Tax is remitted), which, on an after-tax basis (including federal income and excise taxes, and state and local income taxes) equals the Excise Tax. However, if the total Payments do not exceed 110% of the Excise Limit, the total Payments will be reduced to the Excise Limit . For purposes of this Section 7, you shall be deemed to pay federal, state and local income taxes at the highest marginal rate of taxation for the calendar year in which the gross up payment is to be made, taking into account the maximum reduction in federal income taxes which could be obtained from deduction of state and local income taxes.

(b) Determinations . All determinations required to be made under this Section 7, including as to any underlying assumptions, will be made by the Accounting Firm. If your Payments are reduced to the Excise Limit, the Accounting Firm will provide you with a written opinion, in form and substance reasonably satisfactory to you, that (1) you are not required to pay any Excise Tax and (2) your not reporting any Excise Tax on your applicable federal income tax return will not result in the imposition of a negligence or similar penalty. The Company will bear all fees and expenses of the

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Accounting Firm, including any costs of retaining experts. Determinations by the Accounting Firm in accordance with this Section 7(b) will be binding other than as provided in Section 7(c).

(c) Overpayment and Underpayment . As a result of uncertainty and complexities in applying Section 4999 of the Code, it is possible that there may be an Overpayment or an Underpayment. If the Accounting Firm, the Company (which includes the position taken by the Company or the Group on its federal income tax return), the Internal Revenue Service, or a court determines that there has been an Underpayment, the Company will pay you the Underpayment within 10 days of determination (but in any event no later than by the end of your taxable year next following the taxable year in which the Underpayment is remitted), together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code) for the term of the Underpayment. If a final determination of a court or an Internal Revenue Service proceeding (that has been finally and conclusively resolved) establishes that there has been an Overpayment, the Overpayment will be deemed for all purposes to be a loan to you that was made on the date you received the Overpayment. You agree to repay the Overpayment on demand.

8.	Fees and Expenses; Governing Law.

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Company any reimbursement of fees and expenses that you received from the Company before the date of such determination, together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code). The amount of reimbursement for fees and expenses for which you may be reimbursed during a calendar year shall not affect the amount of fees and expenses for which you are eligible for reimbursement in any other calendar year. Your right to reimbursement for fees and expenses is not subject to liquidation or exchange for another benefit.

(b) Governing Law . This Agreement will be governed by and construed in accordance with the law of the State of Alabama applicable to contracts made and to be performed entirely within that state.

(c) Waiver of Jury Trial . To the extent permitted by law, you and the Company waive any and all rights to a jury trial with respect to any Employment Matter.

(d) Jurisdiction and Choice of Forum . You and the Company irrevocably submit to the exclusive jurisdiction of any state or federal court located in Birmingham, Alabama over any contest related to this Agreement, your employment or termination of your employment. This includes any action or proceeding to compel arbitration or to enforce an arbitration award. Both you and the Company (1) acknowledge that the forum stated in this Section 8(d) has a reasonable relation to this Agreement and to the relationship between you and the Company and that the submission to the forum will apply even if the forum chooses to apply non-forum law, (2) waive, to the extent permitted by law, any objection to personal jurisdiction or to the laying of venue of any action or proceeding covered by this Section 8(d) in the forum stated in this Section, (3) agree not to commence any such action or proceeding in any forum other than the forum stated in this Section 8(d), and (4) agree that, to the extent permitted by law, a final and non-appealable judgment in any such action or proceeding in any such court will be conclusive and binding on you and the Company. However, nothing in this Agreement precludes you or the Company from bringing any action or proceeding in any

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court for the purpose of enforcing the provisions of this Section 8(d).

(e) Counterparts . This Agreement may be executed in counterparts, each of which will constitute an original and all of which, when taken together, will constitute one agreement.

If you agree to the terms and conditions of this Agreement, please execute and return a copy of this Agreement to the Executive Compensation Department of the Company. This Agreement will then be reviewed by the Company’s Compensation Committee.

	REGIONS FINANCIAL CORPORATION
	By:

	Name: Title:
	Date:

AGREED AND ACKNOWLEDGED:




[Name]

Date:

Annex to Change In Control Agreement
of [NAME]

1. Definitions.

For purposes of the Change in Control Agreement, the following terms have the meanings indicated:

Terms Relating to Change in Control :

“ Change in Control” means any of the following events:

(1) the acquisition by any “ Person ” (as the term “person” is used for the purposes of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”)) of direct or indirect beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of the combined voting power of the then-outstanding securities of the Company entitled to vote in the election of directors (the “ Voting Securities ”); or

(2) individuals (the “ Incumbent Directors ”) who, as of the date hereof, constitute the Board of Directors of the Company (the “ Board ”) cease for any reason to constitute at least a majority of the Board; provided , however , that any individual becoming a director subsequent to the date hereof whose election, or nomination for election, was approved by a vote of at least two-thirds of the Incumbent Directors who are then on the Board (either by specific vote or by approval, without prior written notice to the Board objecting to the nomination, of a proxy statement in which the individual was named as nominee) shall be an Incumbent Director, unless such individual is initially elected or nominated as a director of the Company as a result of an actual or threatened election contest with

[Name]

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respect to the election or removal of directors (“ Election Contest ”) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (“ Proxy Contest ”), including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest; or

(3) consummation of a merger, consolidation, reorganization, statutory share exchange, or similar form of corporate transaction involving the Company or involving the issuance of shares by the Company, the sale or other disposition (including by way of a series of transactions or by way of merger, consolidation, stock sale or similar transaction involving one or more subsidiaries) of all or substantially all of the Company’s assets or deposits, or the acquisition of assets or stock of another entity by the Company (each a “Business Combination ”), unless such Business Combination is a “Non-Control Transaction.” A “Non-Control Transaction ” is a Business Combination immediately following which the following conditions are met:

(A) the stockholders of the Company immediately before such Business Combination own, directly or indirectly, more than 55% of the combined voting power of the then-outstanding voting securities entitled to vote in the election of directors (or similar officials in the case of a non-corporation) of the entity resulting from such Business Combination (including, without limitation, an entity that as a result of such Business Combination owns the Company or all of substantially all of the Company’s assets, stock or ownership units either directly or through one or more subsidiaries) (the “ Surviving Corporation ”) in substantially the same proportion as their ownership of the Company Voting Securities immediately before such Business Combination;

(B) at least a majority of the members of the board of directors of the Surviving Corporation were Incumbent Directors at the time of

[Name]

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the Board’s approval of the execution of the initial Business Combination agreement; and

(C) no person other than (i) the Company or any of its subsidiaries, (ii) the Surviving Corporation or its ultimate parent corporation, or (iii) any employee benefit plan (or related trust) sponsored or maintained by the Company immediately before such Business Combination beneficially owns, directly or indirectly, 20% or more of the combined voting power of the Surviving Corporation’s then-outstanding voting securities entitled to vote in the election of directors; or

(4) Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

Notwithstanding the foregoing and anything in the Agreement to the contrary, a Change in Control shall not be deemed to occur solely because any Person (the “ Subject Person ”) acquired Beneficial Ownership of more than the permitted amount of the outstanding Voting Securities as a result of the acquisition of Voting Securities by the Company which, by reducing the number of Voting Securities outstanding, increases the proportional number of shares Beneficially Owned by the Subject Person, provided that if a Change in Control would occur (but for the operation of this sentence) and after such acquisition of Voting Securities by the Company, the Subject Person becomes the Beneficial Owner of any additional Voting Securities, then a Change in Control shall occur.

“ Potential Change in Control ” means the occurrence of any one of the following:

(1) the Company enters into a definitive written agreement, the consummation of which would result in the occurrence of a Change in Control; or

[Name]

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(2) the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred.

A Potential Change in Control shall cease occurring (A) in the case of (1) above, when the Change in Control occurs or the relevant agreement terminates and (B) in the case of (2) above, when the Board so determines by resolution.

Terms Relating to Excise Tax

“ Accounting Firm ” means any independent, nationally recognized public accounting firm that (1) the Company selects before a Change in Control or (2) that is reasonably acceptable to you and selected by the surviving company after a Change in Control.

“ Excise Limit ” means the greatest amount of Payments that could be made to you without giving rise to Excise Tax.

“ Excise Tax ” means the excise tax imposed by Section 4999 of the Code and any related interest or penalties incurred by you.

“ Overpayment ” means any Payment that is above the amount provided in Section 7(a) of the Agreement.

“ Underpayment ” means any Payment that is not made, consistent with the determination of the Accounting Firm or the Company pursuant to Section 7(d) of Agreement, but that should have been made pursuant to the correct application of Section 7(a) of the Agreement.

[Name]

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2. Effect on Other Agreements.

(a) Prior Employment Agreements and Severance Rights . This Agreement will supersede the Prior Agreement and any earlier change in control severance or similar rights you may have with any member of the Group.

(b) Effect on Other Agreements; Entire Agreement . This Agreement is the entire agreement between you and the Company with respect to the benefits contemplated by this Agreement and supersedes any earlier agreement, written or oral, with respect to the subject matter of this Agreement. In entering into this Agreement, no party has relied on or made any representation, warranty, inducement, promise or understanding that is not in this Agreement.

3. Successors.

(a) Assignment by You . You may not assign this Agreement without the Company’s consent. Also, except as required by law, your right to receive payments or benefits under this Agreement may not be subject to execution, attachment, levy or similar process. Any attempt to effect any of the preceding in violation of this Section 3(a), whether voluntary or involuntary, will be void.

(c) Assumption by any Surviving Company . Before the effectiveness of any Business Combination, the Company will cause (i) the Surviving Company to unconditionally assume this Agreement in writing and (ii) a copy of the assumption to be provided to you. After the Business Combination, the Surviving Company will be treated for all purposes as the Company under this Agreement.

4. General Provisions.

(a) Construction . (i) References to the following terms have the meanings stated:

1. To Sections are to sections of this Agreement unless otherwise stated.

[Name]

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2. To any contract (including this Agreement) are to the contract as amended, modified, supplemented or replaced from time to time.

4. To any g overnmental authority include any successor to the governmental authority.

5. To any plan include any programs, practices and policies.

6. To any entity include any corporation, limited liability company, partnership, association, business trust and similar organization and include any governmental authority.

7. To any affiliate of any entity are to any person or other entity directly or indirectly controlling, controlled by or under common control with the first entity.

(iv) It is your and the Group’s intention that this Agreement not be construed more strictly with regard to you or the Group.

[Name]

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[Name]

-8-

If to you, to:

[Name]
[Address]
[Address]

If to the Company or any other member of the Group, to:

Regions Financial Corporation
P.O. Box 10247
Birmingham, Alabama 35202
Attention: General Counsel
Facsimile: (205) 581-7629

with a copy to:

Sullivan & Cromwell
125 Broad Street
New York, New York 10004
Attention: Marc Trevino
Facsimile: 212-558-3588

[Name]

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waiver, and no partial exercise of any right or remedy will preclude any further exercise.

(h) Third Party Beneficiaries . Subject to Section 6 of the Agreement, this Agreement will be binding on, inure to the benefit of and be enforceable by the parties and their respective heirs, personal representatives, successors and assigns. This Agreement does not confer any rights, remedies, obligations or liabilities to any entity or person other than you and the Company and your and the Company’s permitted successors and assigns, although this Agreement will inure to the benefit of the Group and Section 3(a) of this Annex will inure to the benefit of the most recent persons named in a notice under that Section.

Exhibit 99.1

Regions Financial Corporation
ID: 63-0589368
Regions Center
1900 Fifth Avenue North
Birmingham, AL 35203

Notice of Grant of Restricted Stock Unit Award

NAME

Grant Number:	XXXXXX
Plan:	2006
ID:	XXXXXXXX

Effective DATE, you have been granted an award of XXXX restricted Stock Units over common stock of Regions Financial Corporation (the “Award”). These units are subject to the terms and conditions of the AmSouth Bancorporation 2006 Long Term Incentive Compensation Plan (the “Plan”) and the attached Restricted Stock Unit Award Agreement (the “Award Agreement”).

Except as otherwise provided in the Award Agreement or the Plan, the Award will vest on the date shown below:

	SHARES	FULL VEST
	XXXX	[Date]

By your signature below, you and Regions agree that this Award is granted under, governed by, and subject to, the terms and conditions of the Plan and the Award Agreement, which is attached hereto and made a part of this Notice of Grant.


Signature	Date

Please sign one copy of this Notice of Grant and return it to Executive Compensation, BRC- 16 in the enclosed pre addressed interoffice envelope.

Exhibit 99.2

PERSONAL & CONFIDENTIAL

RESTRICTED STOCK UNIT AWARD AGREEMENT
Under the
AMSOUTH BANCORPORATION 2006 LONG TERM INCENTIVE COMPENSATION PLAN

I am pleased to notify you that on October __, 2007 Regions Financial Corporation (“Regions”) granted you an award of restricted Stock Units (the “Award”) as specifically detailed in the enclosed Notice of Grant of Restricted Stock Unit Award (the “Notice of Grant”).

This Award was granted under the AmSouth Bancorporation 2006 Long Term Incentive Compensation Plan (the “Plan”), the terms and conditions of which are incorporated in this document by reference as if fully set forth herein. This document sets out some of the specific terms of your Award and constitutes the Award Agreement required by the Plan. You should retain it for future reference. You should also pay particular attention to the Plan and its prospectus since they set forth other provisions applicable to your Award. Capitalized terms that are not defined in this Award Agreement are references to defined terms in the Plan. The prospectus for the Plan, the Plan document itself, and a [Reference Outline] ⁽¹⁾ provide you helpful information and explanations related to your Award. All of these documents are obtainable by logging on to Wealthviews, the Regions online equity compensation management system. If you do not have access to Wealthviews or to a personal computer and would like copies of the documents, please contact Executive Compensation at (205) 801-0400. You should note that in the event of any conflict or inconsistency between the provisions of this Award Agreement and the terms and conditions of the Plan, the terms and conditions of the Plan will control.

The grant date of your Award is October __, 2007. The Period of Restriction begins on the grant date and ends on the fifth anniversary of the grant date, at which time all restrictions will lapse, provided you are still employed by Regions or one of its Subsidiaries as of such fifth anniversary (except as provided below). On such date, the Award will be fully vested, and shares of the common stock of Regions equal to the number of Stock Units you were granted will be issued and released to your control.

During the Period of Restriction, the restricted Stock Units will be accounted for by the Company in a bookkeeping account. Since this Award constitutes a grant of restricted Stock Units rather than Restricted Stock, there are no voting rights applicable to these Stock Units. During the Period of Restriction, the Company will pay to you a cash compensation payment equivalent to any regular dividend declared on the Common Stock of Regions (each, a “Dividend Equivalent”). This Dividend Equivalent will be paid on the next regularly scheduled payroll date of the Company following the payment date of the dividend to Shareholders. Upon the lapse of restrictions, you may elect to satisfy any federal tax withholding requirements in whole or in part by reducing the number of shares of stock that would otherwise be issued to you, to the extent and in the manner allowed by the Plan.

Page 2

If, during the Period of Restriction, a Change in Control occurs or your employment with Regions is terminated for any of the following reasons:

Death,
Disability,
Involuntary termination by the Company for reasons other than "Cause" or
Retirement at or after age 62

then the Period of Restriction and any other trading restrictions imposed upon your Award will lapse, unless otherwise specifically prohibited by applicable laws, rules or regulations, and shares of common stock of Regions equivalent to the Stock Units granted under this Award will be issued to you; provided, however , that if you are or become age 62 or older at any time during the Period of Restriction and if you are a “specified employee” at the time you separate from service with Regions, the shares of common stock of Regions described above shall be issued to you on the date that is six months after your separation from service, all as determined in accordance with Section 409A of the Internal Revenue Code of 1986, as amended.

If you terminate employment with Regions during the Period of Restriction for any reason other than those listed above, your Award will be forfeited as of your termination date.

By signing the enclosed Notice of Grant, you acknowledge that you accept this Award on the terms and conditions set forth in this Award Agreement and the Plan and you further acknowledge and agree as follows: (1) That this Award Agreement and the Plan set forth the entire agreement of Regions and you relating to the subject matter of this document and supersedes and replaces all prior agreements and understandings with respect to such subject matter; (2) that Regions and you have made no agreements, representations or warranties relating to the subject matter of this Award Agreement which are not set forth herein; (3) that no provision of this Award Agreement may be amended, modified or waived unless such amendment, modifications or waiver is authorized by the Compensation Committee (the “Committee”) of the Board of Directors of Regions (the “Board”) and is agreed to in writing signed by an officer of Regions actually authorized to do so, and (4) that this Award Agreement is binding on Regions’ and your successors and assigns. You also agree that Regions, the Board and the Committee, in their oversight and conduct of the business and affairs of Regions, may in good faith cause Regions to act or fail to act in a way that prevents this Award from vesting. This Award Agreement is not intended to and will not be interpreted to impose any liability upon Regions, the Board, the Committee or any officer, agent or employee of Regions for any forfeiture of the Award that results from such action or omission.

I congratulate you on your award and thank you for your continued service to Regions!

REGIONS FINANCIAL CORPORATION

By: /s/ C. Dowd Ritter

Name: C. Dowd Ritter
Title: President & CEO