Regions Named One of Best Places to Work in Info Tech.

Business Editors

BIRMINGHAM, Ala.--(BUSINESS WIRE)--June 10, 2003

Regions Financial Corp. (NYSE:RF) has been named one of the 100 Best Places to Work in Information Technology by Computerworld in the magazine's 10th annual survey.

Regions, ranked No. 74, was one of

"This is well-deserved recognition of our IT associates," said Regions Chief Information Officer John Dick. "We have an outstanding group of men and women who are committed to leveraging technology to help Regions become the premier financial services company in the South.

"I am proud that our company is one they are proud to work for," Dick said. "Part of our mission is to be the employer of choice for performance-oriented associates in each community we serve, and this honor is recognition of our work toward achieving that goal."

Regions employs 575 information technology associates across the company's nine-state Southern geographic footprint.

Nominated companies received a 100-question survey from Computerworld asking about, among other things, their organizations' average salary and bonus increases, percentage of IT staff promoted, IT staff turnover rates, training and development, and percentage of women and minorities in IT staff and management positions.

Employee survey topics covered included satisfaction with training and development programs, base salary, bonuses, health benefits, stock/ESOP plans, management and work/life balance. Nearly 12,000 IT employees from the final 100 companies selected responded to the employee survey.

Regions has also been recognized as an innovative user of technology by both HRevents and the International Quality and Productivity Center and CMP Media LLC's InformationWeek 500.

Regions Financial Corp., with $48.5 billion in assets, ranks among the 25 largest financial services companies in the nation. Serving customers throughout the South, it provides traditional, commercial, and retail banking services and other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance, leasing and mortgage banking. Regions Bank offers banking services online from its Web site at www.regions.com and from more than 680 offices in Alabama, Arkansas, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas. Regions provides investment and brokerage services from more than 140 offices of Morgan Keegan & Co. Inc., one of the South's largest investment firms. Regions ranks on both the Forbes 500 and Fortune 500 listings of America's largest companies; its common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol RF.