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                                                                   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 resubstitution, 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 acquisition of Park Meridian Financial Corporation by Regions Financial
Corporation and to sign any and all amendments to such Registration Statements.



        SIGNATURE                          TITLE                        DATE
--------------------------   --------------------------------      -------------
                                                             
/s/ Carl E. Jones, Jr.
--------------------------   Chairman of the Board, President      July 18, 2001
 Carl E. Jones, Jr.             and Chief Executive Officer
                                      and Director
                             (principal executive officer)

/s/ Richard D. Horsley
--------------------------     Vice Chairman of the Board and      July 18, 2001
 Richard D. Horsley            Executive Financial Officer
                                      and Director
                              (principal financial officer)

/s/ D. Bryan Jordan
---------------------------    Executive Vice President and        July 18, 2001
D. Bryan Jordan                        Comptroller
                             (principal accounting officer)

/s/ Sheila S. Blair
----------------------------          Director                     July 18, 2001
 Sheila S. Blair

/s/ James B. Boone, Jr.
----------------------------          Director                     July 18, 2001
 James B. Boone, Jr.

/s/ James S.M. French
----------------------------          Director                     July 18, 2001
 James S.M. French

/s/ Olin B. King
----------------------------          Director                     July 18, 2001
 Olin B. King

/s/ Allen C. Morgan, Jr.
----------------------------          Director                     July 18, 2001
 Allen C. Morgan, Jr.


----------------------------          Director
 Michael W. Murphy

/s/ Henry E. Simpson
----------------------------          Director                     July 18, 2001
 Henry E. Simpson


----------------------------          Director
 Lee J. Styslinger, Jr.

/s/ W. Woodrow Stewart
----------------------------          Director                     July 18, 2001
W. Woodrow Stewart

/s/ John H. Watson
----------------------------          Director                     July 18, 2001
 John H. Watson

/s/ C. Kemmons Wilson, Jr.
----------------------------          Director                     July 18, 2001
 C. Kemmons Wilson, Jr.