Filed By: Regions Financial Corporation
                           Pursuant to Rule 425 under the Securities Act of 1933

                            Subject Company: Park Meridian Financial Corporation

                                                     Registration No.: 333-68750
                                                                       000-31277

         THIS COMMUNICATION IS FILED PURSUANT TO RULES 165 AND 425 PROMULGATED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED. INVESTORS ARE URGED TO READ THE
VARIOUS FILINGS OF REGIONS FINANCIAL CORPORATION AND PARK MERIDIAN FINANCIAL
CORPORATION WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING THE
REGISTRATION STATEMENT THAT HAS BEEN FILED WITH RESPECT TO THE TRANSACTION WHICH
CONTAINS THE PROXY STATEMENT-PROSPECTUS DELIVERED TO THE SHAREHOLDERS OF PARK
MERIDIAN FINANCIAL CORPORATION IN CONNECTION WITH THE VOTE OF SUCH SHAREHOLDERS
ON THE ACQUISITION (AS DEFINED BELOW).

         On November 12, 2001, Park Meridian Financial Corporation ("Park
Meridian") issued a press release announcing the exchange ratio for the proposed
acquisition (the "Acquisition") of Park Meridian by Regions Financial
Corporation.

         A copy of the press release dated November 12, 2001, pertaining to the
exchange ratio is being filed as Exhibit A to this report, and is incorporated
herein by reference.


                                                                       Exhibit A


Press Release

Park Meridian Reports Final Exchange Ratio

CHARLOTTE, N.C. --(BUSINESS WIRE) -- November 12, 2001 -- Park Meridian
Financial Corporation (OTC BB: PMFN) announced that under its merger agreement
with Regions Financial Corporation (NASDAQ/NM: RGBK), Regions will exchange
0.5688 of a share of Regions common stock for each share of Park Meridian common
stock. The merger agreement provided for a potential upward adjustment to an
initially agreed upon exchange ratio based on the average of Regions' volume
weighted average stock prices over a period that ended on November 9, 2001. The
0.5688 per share exchange rate reflects that adjustment.

Regions and Park Meridian jointly announced on June 27, 2001 that they had
signed a definitive agreement that provides for the acquisition of Park Meridian
by Regions in a stock-for-stock merger. A special meeting of the shareholders of
Park Meridian to consider the merger is scheduled for 9:30 a.m. on Tuesday,
November 13, 2001. The merger does not require approval of Regions'
stockholders.

Park Meridian Financial Corporation, headquartered in Charlotte, North Carolina,
is the holding company for Park Meridian Bank, which operates three offices in
Charlotte. Additional information regarding Park Meridian may be found at its
Internet homepage, http://www.parkmeridianbank.com.

Regions Financial Corporation, with approximately $45.7 billion in assets, ranks
among the 25 largest financial services companies in the nation. Serving
customers throughout the South, it provides traditional commercial and retail
banking services and other financial services in the fields of investment
banking, asset management, trust, mutual funds, securities brokerage, insurance,
leasing and mortgage banking. Its banking affiliate, Regions Bank, offers
banking services from more than 670 banking offices in Alabama, Arkansas,
Florida, Georgia, Louisiana, South Carolina, Tennessee and Texas. Regions
provides investment and brokerage services from more than 135 offices of Morgan
Keegan & Company, Inc., one of the South's largest investment firms. Regions
ranks on both the Forbes 500 and the Fortune 500 listing of America's largest
companies; its common stock is traded in the Nasdaq National Market System under
the symbol "RGBK."

The proposed merger of Park Meridian and Regions will be submitted to Park
Meridian's shareholders for their consideration. Park Meridian shareholders are
urged to read the proxy statement-prospectus regarding the proposed transaction
and any other relevant documents filed with the SEC, as well as any amendments
or supplements to those documents, because they contain important information.
You may obtain a free copy of the proxy statement-prospectus, as well as other
filings containing information about Park Meridian and Regions, at the SEC's
Internet site (http://www.sec.gov).

Park Meridian and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the shareholders of Park
Meridian in connection with the merger. Information about the directors and
executive officers of Park Meridian and their ownership of


Park Meridian common stock is set forth in the proxy statement, dated April 15,
2001, for Park Meridian's 2001 annual meeting of shareholders, as filed with the
SEC on a Schedule 14A on April 6, 2001 (available on the SEC's Internet site at
http://www.sec.gov). Additional information regarding the interests of those
participants may be obtained by reading the proxy statement-prospectus regarding
the proposed transaction.