Grayson Hall to Succeed Earnest Deavenport as Chairman of Regions Financial

  Grayson Hall to Succeed Earnest Deavenport as Chairman of Regions Financial

Business Wire

BIRMINGHAM, Ala. -- February 21, 2013

Grayson Hall, president and CEO of Regions Financial Corp. (NYSE:RF) has been
elected by the Board of Directors to succeed Earnest W. Deavenport Jr. as
chairman of the Board of Directors, effective May 16, 2013.

Grayson Hall (Photo: Business Wire)

Grayson Hall (Photo: Business Wire)

Deavenport, 74, who previously received an exemption to serve beyond the
company’s mandatory retirement age, will retire from the Regions Board on the
eve of the company’s 2013 annual meeting of stockholders. He has served as a
director since 1999 and assumed the position of non-executive chairman in
2010, playing a critical role in successfully guiding the company through a
period of significant challenges and transformational events. His experience
gained as CEO and chairman of the Board of Eastman Chemical Company, as well
as his service as director of a number of public and private companies was
invaluable in guiding Regions at a critical time in its history.

Hall, 55, has served as Regions’ president and CEO since March 2010. He began
his banking career in 1980 when he joined the management training program at
AmSouth Bank, which merged with Regions in 2006. He has served in roles of
increasing responsibility in areas including Operations, Technology, Consumer
Banking, Commercial Banking, and Wealth Management. Hall was elected vice
chairman and a member of the Boards of Directors of Regions Financial
Corporation and Regions Bank in 2008.

“Earnie Deavenport has provided remarkable leadership to our company, and I’m
personally grateful for the astute counsel and guidance he has given me since
assuming leadership of Regions,” said Hall. “He has helped guide us through a
tremendously difficult environment, and his vision has been integral to
revitalizing our company for the benefit of our shareholders, our associates
and the communities we serve.”

“I am proud to have been a part of Regions’ remarkable recovery from the
financial crisis over the last three years,” said Deavenport. “Grayson has
done an outstanding job in leading the company and he is absolutely the right
person to continue setting the tone for the organization as it continues to
grow and prosper.”

The Board also elected Charles McCrary, chief executive officer of Alabama
Power Co., as chairman of the Nominating and Corporate Governance Committee
effective May 16, 2013. In that capacity he will also serve as the Board’s
Lead Independent Director.

About Regions Financial Corporation

Regions Financial Corporation, with $121 billion in assets, is a member of the
S&P 500 Index and is one of the nation’s largest full-service providers of
consumer and commercial banking, wealth management, 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
approximately 1,700 banking offices and 2,000 ATMs. Additional information
about Regions and its full line of products and services can be found at
www.regions.com.

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Contact:

Regions Financial Corporation
Media:
Tim Deighton, 205-264-4551
or
Investor Relations:
List Underwood, 205-801-0265