Regions Announces Offer to Purchase Certain Outstanding Senior Debt Securities

Regions Financial Corp announced today that it has commenced a cash tender offer to repurchase up to. $350 million combined aggregate principal amount (the "Maximum Tender Amount") of its outstanding 7.75% Senior Notes due 2014 (the "2014 Notes") and 5.75% Senior Notes due 2015 (the "2015 Notes" and, together with the 2014 Notes, the "Notes").

The aggregate principal amount of 2015 Notes accepted for purchase pursuant to the tender offer will not exceed $150 million.

The purchase price for each $1,000 principal amount of each series of Notes validly tendered and accepted for purchase pursuant to the tender offer will be the applicable tender offer consideration specified in the table below. Holders of Notes that are validly tendered at or before the Early Tender Date (as defined below) (and not subsequently validly withdrawn) and accepted for purchase will receive the applicable tender offer consideration plus the early tender premium for the applicable series of Notes set forth in the table below (together, the "Total Consideration"). In order to be eligible to receive the Total Consideration, holders of Notes must validly tender their Notes at or before 5:00 p.m., New York City time, on May 10, 2013 unless extended by the Company (such date and time, as the same may be extended, the "Early Tender Date"). Holders of Notes that are validly tendered after the Early Tender Date and accepted for purchase will receive only the applicable tender offer consideration. All holders whose Notes are accepted for purchase will also receive the applicable accrued and unpaid interest on the purchased Notes from the last interest payment date for such Notes up to, but excluding, the applicable settlement date.