Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HORSLEY RICHARD D
   2. Issuer Name and Ticker or Trading Symbol
REGIONS FINANCIAL CORP [RF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chmn & COO
(Last)
(First)
(Middle)
P O BOX 10247		 3. Date of Earliest Transaction (Month/Day/Year)
12/20/2005
(Street)

BIRMINGHAM, AL 352020247		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/20/2005   A   14,785 A $ 0 512,281 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 34.66 12/20/2005   A   112,867     (1) 12/20/2012 Common Stock 112,867 $ 0 112,867 D  
Phantom Stock Units (401k) (2) $ 0 (2)               (2)   (2) Common Stock 2,111   2,111 D  
Stock Option $ 31.39             10/09/1998 10/09/2007 Common Stock 5,679   5,679 D  
Stock Option $ 31.39             10/09/1999 10/09/2007 Common Stock 3,185   3,185 D  
Stock Option $ 33.48             04/09/1999 04/09/2008 Common Stock 29,423   29,423 D  
Stock Option $ 33.49             04/09/2000 04/09/2008 Common Stock 2,985   2,985 D  
Stock Option $ 28.88             08/30/2000 08/30/2009 Common Stock 28,946   28,946 D  
Stock Option $ 28.88             01/01/2001 08/30/2009 Common Stock 3,462   3,462 D  
Stock Option $ 25.66             02/19/2004 02/19/2010 Common Stock 46,298   46,298 D  
Stock Option $ 25.66             02/19/2005 02/19/2010 Common Stock 23,148   23,148 D  
Stock Option $ 25.66             12/20/2005 02/19/2010 Common Stock 19,251   19,251 D  
Stock Option $ 25.66             02/19/2006 02/19/2010 Common Stock 3,898   3,898 D  
Stock Option $ 16.28             03/15/2001 03/15/2010 Common Stock 67,933   67,933 D  
Stock Option $ 22.6             01/16/2002 01/16/2011 Common Stock 49,384   49,384 D  
Stock Option $ 22.6             01/16/2003 01/16/2011 Common Stock 24,692   24,692 D  
Stock Option $ 22.6             01/16/2004 01/16/2011 Common Stock 24,692   24,692 D  
Stock Option $ 28.17             04/21/2005 04/21/2011 Common Stock 41,154   41,154 D  
Stock Option $ 28.17             12/20/2005 04/21/2011 Common Stock 78,757   78,757 D  
Stock Option $ 28.17             04/21/2007 04/21/2011 Common Stock 3,549   3,549 D  
Stock Option $ 33.82             12/20/2005 10/15/2011 Common Stock 150,940   150,940 D  
Stock Option $ 25.02             01/22/2003 01/22/2012 Common Stock 49,384   49,384 D  
Stock Option $ 25.02             01/22/2004 01/22/2012 Common Stock 24,692   24,692 D  
Stock Option $ 25.02             01/22/2005 01/22/2012 Common Stock 24,692   24,692 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HORSLEY RICHARD D
P O BOX 10247
BIRMINGHAM, AL 352020247		   X     Vice Chmn & COO  

Signatures

 By: Ronald C. Jackson   12/20/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The option becomes exercisable in three equal installments on December 20, 2006, 2007 and 2008.
(2) The reported phantom stock units were acquired under Regions' benefit plans.

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