Regions Bank 2010 Annual Report Download - page 231

EXHIBIT 99.1
ANNUAL CERTIFICATION PURSUANT TO 31 C.F.R. § 30.15
I, O. B. Grayson Hall, Jr., President and Chief Executive Officer of Regions Financial Corporation, certify,
based on my knowledge, that:
(i) The compensation committee of Regions Financial Corporation has discussed, reviewed, and evaluated
with senior risk officers at least every six months during any part of the most recently completed fiscal
year that was a TARP period, the senior executive officer (SEO) compensation plans and the employee
compensation plans and the risks these plans pose to Regions Financial Corporation;
(ii) The compensation committee of Regions Financial Corporation has identified and limited during any part
of the most recently completed fiscal year that was a TARP period any features of the SEO compensation
plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Regions
Financial Corporation, has identified any features of the employee compensation plans that pose risks to
Regions Financial Corporation and has limited those features to ensure that Regions Financial Corporation
is not unnecessarily exposed to risks;
(iii) The compensation committee has reviewed, at least every six months during any part of the most recently
completed fiscal year that was a TARP period, the terms of each employee compensation plan and
identified any features of the plan that could encourage the manipulation of reported earnings of Regions
Financial Corporation to enhance the compensation of an employee, and has limited any such features;
(iv) The compensation committee of Regions Financial Corporation will certify to the reviews of the SEO
compensation plans and employee compensation plans required under (i) and (iii) above;
(v) The compensation committee of Regions Financial Corporation will provide a narrative description of how
it limited during any part of the most recently completed fiscal year that was a TARP period the features in
(A) SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could
threaten the value of Regions Financial Corporation;
(B) Employee compensation plans that unnecessarily expose Regions Financial Corporation to risks; and
(C) Employee compensation plans that could encourage the manipulation of reported earnings of
Regions Financial Corporation to enhance the compensation of an employee;
(vi) Regions Financial Corporation has required that bonus payments to the SEOs or any of the next twenty
most highly compensated employees, as defined in the regulations and guidance established under section
111 of EESA (bonus payments), be subject to a recovery or “clawback” provision during any part of the
most recently completed fiscal year that was a TARP period if the bonus payments were based on
materially inaccurate financial statements or any other materially inaccurate performance metric criteria;
(vii) Regions Financial Corporation has prohibited any golden parachute payment, as defined in the regulations and
guidance established under section 111 of EESA, to an SEO or any of the next five most highly compensated
employees during any part of the most recently completed fiscal year that was a TARP period;
(viii) Regions Financial Corporation has limited bonus payments to its applicable employees in accordance with
section 111 of EESA and the regulations and guidance established thereunder during any part of the most
recently completed fiscal year that was a TARP period;
(ix) Except as disclosed to the Special Master for TARP Executive Compensation (“Special Master”), Regions
Financial Corporation and its employees have complied with the excessive or luxury expenditures policy,
as defined in the regulations and guidance established under section 111 of EESA, during any part of the
most recently completed fiscal year that was a TARP period; and except as disclosed to the Special Master,
any expenses that, pursuant to this policy, required approval of the board of directors, a committee of the
board of directors, an SEO, or an executive officer with a similar level of responsibility were properly
approved;