<PAGE>
As filed with the Securities and Exchange Commission on September 13, 1999
Registration No.
- --------------------------------------------------------------------------
- --------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
--------------------
Regions Financial Corporation
(Exact Name of Registrant as Specified in its Charter)
--------------------
Delaware 63-0589368
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
417 North 20th Street, Birmingham, AL 35203
(Address of Principal Executive Offices) (Zip Code)
Stock Options Assumed in Acquisition of PALFED, Inc.
(Full Title of Plan)
--------------------
Samuel E. Upchurch, Jr.
General Counsel and Corporate Secretary
417 North 20th Street
Birmingham, AL 35203
(Name and address of agent for service)
(205) 326-7860
(Telephone Number, Including Area Code, of Agent for Service)
--------------------
Copies to:
Charles C. Pinckney
Lange, Simpson, Robinson & Somerville
417 North 20th Street, Suite 1700
Birmingham, Al 35203
(205) 250-5000
--------------------
--------------------
CALCULATION OF REGISTRATION FEE
<TABLE>
<S> <C> <C> <C> <C>
Title of Proposed maximum Proposed maximum
securities to Amount to be offering price aggregate Amount of
be registered registered per share* offering price** registration fee
- -------------------------------------------------------------------------------------------------------------
Common Stock, par
value $.625 per share 27,300 shares $37.85 $801,633 $236.48
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
* Maximum option exercise price of stock options with exercise prices in the range from $18.21 to $37.85.
** Calculated pursuant to Rule 457(h) based on the option exercise prices and number of shares issuable at
each price.
</TABLE>
<PAGE>
EXPLANATORY STATEMENT
This registration pertains to Registration Statement No. 333-50665 filed
by the issuer on April 22, 1998, in connection with stock options assumed by
the issuer in a business combination with PALFED, Inc. By this registration
statement the issuer is registering additional securities in accordance with
Rule 413 and General Instruction E. to Form S-8. The number of additional
securities being registered in this registration statement resulted from a
reconciliation of the number of options that had not been exercised by option
holders prior to the business combination.
The contents of Registration Statement No. 333-50665 are incorporated by
reference in this registration statement.
<PAGE>
SIGNATURES
The Registrant. Pursuant to the requirements of the Securities Act of
1933, the registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form S-8 and has duly
caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Birmingham, State
of Alabama, on September 8, 1999.
REGISTRANT:
REGIONS FINANCIAL CORPORATION
BY: /s/ Richard D. Horsley
-----------------------------
Richard D. Horsley
Vice Chairman of the Board and
Executive Financial Officer
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the date indicated.
SIGNATURE TITLE DATE
- ---------------------------- ---------------------------- ------------------
*
- --------------------------- President and Chief Executive September 8, 1999
Carl E. Jones, Jr. Officer and Director
(principal executive officer)
/s/ Richard D. Horsley
- --------------------------- Vice Chairman of the Board and September 8, 1999
Richard D. Horsley Executive Financial Officer
and Director
(principal financial officer)
*
- --------------------------- Executive Vice President and September 8, 1999
Robert P. Houston Comptroller
(principal accounting officer)
*
- --------------------------- Director September 8, 1999
Sheila S. Blair
*
- --------------------------- Director September 8, 1999
James B. Boone, Jr.
*
- --------------------------- Director September 8, 1999
James S.M. French
*
- --------------------------- Director September 8, 1999
Olin B. King
<PAGE>
*
- --------------------------- Chairman of the Board September 8, 1999
J. Stanley Mackin and Director
*
- --------------------------- Director September 8, 1999
Michael W. Murphy
*
- --------------------------- Director September 8, 1999
Henry E. Simpson
*
- --------------------------- Director September 8, 1999
Lee J. Styslinger, Jr.
*
- --------------------------- Director September 8, 1999
W. Woodrow Stewart
*
- --------------------------- Director September 8, 1999
John H. Watson
*
- --------------------------- Director September 8, 1999
Robert J. Williams
*
- --------------------------- Director September 8, 1999
C. Kemmons Wilson, Jr.
* By /s/ Richard D. Horsley as attorney-in-fact September 8, 1999
pursuant to a power of attorney.
<PAGE>
INDEX TO EXHIBITS
Sequential
Exhibit Page
Number Description Number
23.1 Consent of Ernst & Young LLP,
Independent Auditors
23.2 Consent of Lange, Simpson, Robinson
& Somerville LLP
24.1 Power of Attorney
<PAGE>
EXHIBIT 23.1
CONSENT OF ERNST & YOUNG LLP
We consent to the incorporation by reference in the Registration Statement
(Form S-8) pertaining to additional securities being registered in connection
with stock options assumed in the acquisition of PALFED, Inc. by Regions
Financial Corporation of our report dated March 11, 1999 with respect to the
consolidated financial statements of Regions Financial Corporation included in
its Annual Report (Form 10-K) for the year ended December 31, 1998, filed with
the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Birmingham, Alabama
September 8, 1999
<PAGE>
EXHIBIT 23.2
CONSENT OF LANGE, SIMPSON, ROBINSON & SOMERVILLE LLP
We consent to the incorporation by reference in this registration statement of
our opinion letter previously filed with Securities and Exchange Commission as
Exhibit 5.1 to S-8 registration statement of Regions Financial Corporation,
registration number 333-50665.
/s/ Lange, Simpson, Robinson & Somerville LLP
Birmingham, Alabama
September 8, 1999
<PAGE>
Exhibit 24.1
REGIONS FINANCIAL CORPORATION
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS that the undersigned directors and officers
of REGIONS FINANCIAL CORPORATION (the "Corporation") hereby constitute and
appoint Richard D. Horsley and Samuel E. Upchurch, Jr., and each of them, the
true and lawful agent and attorney-in-fact of the undersigned, with full power
of substitution and resubstituion, and with full power and authority in said
agents and attorneys-in-fact, and in any one of them, to sign for the
undersigned and in their respective names as directors and officers of the
Corporation, one or more Registration Statements to be filed with the
Securities and Exchange Commission under the Securities Act of 1933, as
amended, relating to the registration of additional shares in connection with
the options assumed in the acquisition of PALFED, Inc. and to sign any and all
amendments to such Registration Statements.
SIGNATURE TITLE DATE
- ------------------------- ----------------------------- -----------------
/s/ Carl E. Jones, Jr.
___________________________ President and Chief Executive July 21, 1999
Carl E. Jones, Jr. Officer and Director
(principal executive officer)
/s/ Richard D. Horsley
___________________________ Vice Chairman of the Board and July 21, 1999
Richard D. Horsley Executive Financial Officer
and Director
(principal financial officer)
/s/ Robert P. Houston
___________________________ Executive Vice President and July 21, 1999
Robert P. Houston Comptroller
(principal accounting officer)
/s/ Sheila S. Blair
___________________________ Director July 21, 1999
Sheila S. Blair
/s/ James B. Boone, Jr.
___________________________ Director July 21, 1999
James B. Boone, Jr.
/s/ James S.M. French
___________________________ Director July 21, 1999
James S.M. French
/s/ Olin B. King
___________________________ Director July 21, 1999
Olin B. King
/s/ J. Stanley Mackin
___________________________ Chairman of the Board July 21, 1999
J. Stanley Mackin and Director
/s/ Michael W. Murphy
___________________________ Director July 21, 1999
Michael W. Murphy
/s/ Henry E. Simpson
___________________________ Director July 21, 1999
Henry E. Simpson
/s/ Lee J. Styslinger, Jr.
___________________________ Director July 21, 1999
Lee J. Styslinger, Jr.
/s/ W. Woodrow Stewart
___________________________ Director July 21, 1999
W. Woodrow Stewart
/s/ John H. Watson
___________________________ Director July 21, 1999
John H. Watson
/s/ Robert J. Williams
___________________________ Director July 21, 1999
Robert J. Williams
/s/ C. Kemmons Wilson, Jr.
___________________________ Director July 21, 1999
C. Kemmons Wilson, Jr.
