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 *
HENRIQUES ADOLFO
   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)
Group CEO
(Last)
(First)
(Middle)
P.O. BOX 387		 3. Date of Earliest Transaction (Month/Day/Year)
01/21/2005
(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 01/21/2005   X   40,000 A $ 22.92 108,973 D  
Common Stock 01/21/2005   X   26,100 A $ 25.587 135,073 D  
Common Stock 01/21/2005   F   52,862 D $ 32.945 82,211 D  
Common Stock               640.124 I By 401(k)
Common Stock               693.313 I By ESOP
Common Stock               338 I By Spouse/Child(ren)
Common Stock               675 I By Trust

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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 $ 22.92 01/21/2005   X     40,000 12/20/2003 12/20/2010 Common Stock 40,000 $ 22.92 0 D  
Stock Option $ 32.95 01/21/2005   A   31,049   07/21/2005 12/20/2010 Common Stock 31,049 $ 0 31,049 D  
Stock Option $ 25.59 01/21/2005   X     26,100 07/01/2004 10/10/2011 Common Stock 26,100 $ 25.59 86,400 D  
Stock Option $ 32.95 01/21/2005   A   21,813   07/21/2005 10/10/2011 Common Stock 21,813 $ 0 21,813 D  
Phantom Stock Units (UPC Deferred Comp.) $ 0 (1)               (1)   (1) Common Stock 80,730.08   80,730.08 D  
Stock Option $ 31.29             10/14/2001 10/14/2008 Common Stock 13,350   13,350 D  
Stock Option $ 26.17             07/01/2004 12/16/2009 Common Stock 45,000   45,000 D  
Stock Option $ 33.32             03/17/2005 12/20/2010 Common Stock 17,721   17,721 D  
Stock Option $ 33.82               (2) 10/15/2011 Common Stock 90,000   90,000 D  
Stock Option $ 24.81             07/01/2004 10/08/2012 Common Stock 125,000   125,000 D  
Stock Option $ 33.48             07/01/2004 10/14/2013 Common Stock 93,750   93,750 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HENRIQUES ADOLFO
P.O. BOX 387
MEMPHIS, TN 38147		       Group CEO  

Signatures

 By: Ronald C. Jackson   01/25/2005
**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 reported phantom stock units were acquired under the Union Planters Corp. Deferred Compensation Plan for Executives.
(2) The option becomes exercisable in two equal installments on October 15, 2006 and 2007.

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