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 *
WHITE JOHN V
   2. Issuer Name and Ticker or Trading Symbol
REGIONS FINANCIAL CORP [RF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Regional CEO
(Last)
(First)
(Middle)
P.O. BOX 387		 3. Date of Earliest Transaction (Month/Day/Year)
12/20/2005
(Street)

MEMPHIS, TN 38147		 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 12/13/2005   J(1) V 2,435.949 A $ 0 127,088.96 D  
Common Stock 12/20/2005   A   7,393 A $ 0 134,481.96 D  
Common Stock               3,319.674 I By 401(k)
Common Stock               194.711 I By ESOP

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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
Phantom Stock Units (UPC Deferred Comp.) $ 0 (3)               (3)   (3) Common Stock 2,182.65   2,182.65 D  
Stock Option $ 29.79             01/31/2002 05/01/2010 Common Stock 1,260   1,260 D  
Stock Option $ 33.34             11/02/2002 05/01/2010 Common Stock 1,263   1,263 D  
Stock Option $ 29             05/01/2003 05/01/2010 Common Stock 2,467   2,467 D  
Stock Option $ 33.69             05/03/2004 05/01/2010 Common Stock 5,781   5,781 D  
Stock Option $ 27.75             07/01/2004 05/01/2010 Common Stock 7,234   7,234 D  
Stock Option $ 32.96             07/24/2005 05/01/2010 Common Stock 20,115   20,115 D  
Stock Option $ 28.47             11/01/2003 07/01/2010 Common Stock 2,516   2,516 D  
Stock Option $ 32.96             07/24/2005 12/20/2010 Common Stock 48,892   48,892 D  
Stock Option $ 29.79             07/31/2002 07/31/2011 Common Stock 273   273 D  
Stock Option $ 25.59             07/01/2004 10/10/2011 Common Stock 112,500   112,500 D  
Stock Option $ 33.82             12/20/2005 10/15/2011 Common Stock 90,000   90,000 D  
Stock Option $ 33.34             07/01/2004 05/01/2012 Common Stock 363   363 D  
Stock Option $ 34.31             12/20/2005 10/08/2012 Common Stock 99,555   99,555 D  
Stock Option $ 29             07/01/2004 11/01/2012 Common Stock 495   495 D  
Stock Option $ 28.47             07/01/2004 05/01/2013 Common Stock 478   478 D  
Stock Option $ 33.48             07/01/2004 10/14/2013 Common Stock 93,750   93,750 D  
Stock Option $ 33.69             07/01/2004 11/03/2013 Common Stock 1,708   1,708 D  
Stock Option $ 34.66 12/20/2005   A   56,434     (2) 12/20/2012 Common Stock 56,434 $ 0 56,434 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WHITE JOHN V
P.O. BOX 387
MEMPHIS, TN 38147		       Regional CEO  

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) Stock purchased through the dividend reinvestment program.
(2) The option becomes exercisable in three equal installments on December 20, 2006, 2007 and 2008.
(3) The reported phantom stock units were acquired under the Union Planters Corp. Deferred Compensation Plan for Executives.

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