Regions Declares Quarterly Cash Dividend on Common Shares and $43.75 Million Dividend on TARP-Related Preferred Shares

BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corporation (NYSE:RF) Board of Directors has declared a quarterly cash dividend of 1 cent per common share, payable October 1, 2009, to stockholders of record as of September 17, 2009.

The Board of Directors also authorized payment of a quarterly cash dividend of $43,750,000 for all of the company’s issued and outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series A, payable on August 17, 2009, to the shareholder of record, the United States Treasury, as of July 31, 2009. This quarterly dividend payment relates to the government’s $3.5 billion investment in Regions Financial made under the Capital Purchase Program of TARP.

About Regions Financial Corporation

Regions Financial Corporation, with $142 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 1,900 banking offices and approximately 2,300 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.