SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Peoples Banctrust Company Inc.
(Name of Issuer)
$.10 Par Common Stock
(Title of Class of Securities)
709796106
(CUSIP Number)
December 31, 2002
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filled" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
[ ] Check the following box if a fee is being paid with this
statement.
(1)Names and I.R.S. Identification Numbers of Reporting Persons
Peoples Banctrust Company Inc.
63-0896239
(2)Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
(3)SEC Use Only
(4)Citizenship or Place of Organization
Alabama
Number of Shares (5) Sole Voting Power
Beneficially 401,100
Owned by (6) Shared Voting Power
Each Reporting 0
Person With (7) Sole Dispositive Power
401,100
(8) Shared Dispositive Power
0
(9)Aggregate Amount Beneficially Owned by Each Reporting Person
401,100
(10)[ ] Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
(11)Percent of Class Represented by Amount in Row (9)
7.21%
(12)Type of Reporting Person (See Instructions)
HC
Item 1(a) Name of Issuer:
Peoples Banctrust Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
310 Broad Street
Selma, Alabama 36701
Item 2(a) Name of Person Filing:
Regions Financial Corporation
Item 2(b) Address of Principal Business Office or, if none, Residence:
417 North 20th Street
Birmingham, Alabama 35203
Item 2(c) Citizenship:
Delaware Corporation
Item 2(d) Title of Class of Securities:
$.625 par common stock
Item 2(e) CUSIP Number:
758940100
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under section 15 of the
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment
Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions
of the Employee Retirement Income Security Act of 1974
or Endowment
Fund; see Rule 13d-1(b)(1)(ii)(F).
(g) [X] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G)
(Note: See Item 7)
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
Item 4 Ownership:
If the percent of the class owned, as of December 31 of the
year covered by the statement, or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned: 401,100
(b) Percent of Class: 7.21%
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote 401,100
(ii) shared power to vote or to
direct the vote 0
(iii) sole power to dispose or to
direct the disposition of 401,100
(iv) shared power to dispose or to
direct the disposition of 0
None of the above represent shares which there is a
right to acquire.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable.
Item 6 Ownership of More than Five Percent on Behalf of
Another Person:
If any other person is known to have the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities, a statement to that
effect should be included in response to this item and, if such
interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an
investment company registered under the Investment Company Act of
1940 or the beneficiaries of employee benefit plan, pension fund
or endowment fund is not required.
All shares reported on this form are held by
affiliate trust departments as fiduciary for various
beneficiaries. The account of Roberts and Mildred
Blount Charitable Trust has such an interest relating
to five percent or more of the class of securities.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and
attach an exhibit stating the identity and the Item 3
classification of the relevant subsidiary. If a parent holding
company has filed this schedule pursuant to Rule 13d-1(c), attach
an exhibit stating the identification of the relevant subsidiary.
Exhibit Attached.
Item 8 Identification and Classification of Members of the Group:
Not Applicable.
Item 9 Notice of Dissolution of Group:
Not Applicable.
Item 10 Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not acquired
for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any
transaction having such purposes or effect.
Signature:
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
February 13, 2003
(Date)
/s/Ronald C. Jackson
(Signature)
Ronald C. Jackson
Senior Vice President and Comptroller
Regions Financial Corporation
(Name/Title)
EXHIBIT
No. of Shares Sole Shared Sole Shared
Beneficially Voting Voting Dispositive Dispositive
Owned Power Power Power Power
Regions Bank 401,100 401,100 0 401,100 0
TOTALS 401,100 401,100 0 401,100 0
The Item 3 classification of the subsidiary listed above is (b) Bank as defined
in section 3(a)(6) of the Act.