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)

                         (CUSIP Number)

                        December 31, 2001
     (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:

[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] 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

[ ] Check the following box if a fee is being paid with this

(1)Names and I.R.S. Identification Numbers of Reporting Persons
   Peoples Banctrust Company Inc.

(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

Number of Shares         (5) Sole Voting Power
Beneficially                 410,028
Owned by                 (6) Shared Voting Power
Each Reporting               0
Person With              (7) Sole Dispositive Power
                         (8) Shared Dispositive Power

(9)Aggregate Amount Beneficially Owned by Each Reporting Person

(10)[ ] Check if the Aggregate Amount in Row (9) Excludes Certain Shares
   (See Instructions)

(11)Percent of Class Represented by Amount in Row (9)

(12)Type of Reporting Person (See Instructions)

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:

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
(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
           Company Act
(e) [ ]    Investment Adviser registered under section 203 of the
           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-
           (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:  410,028

           (b)    Percent of Class:  7.24%

      (c)  Number of shares as to which such person has:
           (i)    sole power to vote or to
                  direct the vote                 410,028
           (ii)   shared power to vote or to
                  direct the vote                       0
           (iii)  sole power to dispose or to
                  direct the disposition of       405,100
           (iv)   shared power to dispose or to
                  direct the disposition of         4,928

      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
       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.


       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, 2002

/s/Ronald C. Jackson

Ronald C. Jackson
Senior Vice President and
   Director of Investor Relations
Regions Financial Corporation


                         No. of Shares      Sole          Shared          Sole          Shared
                         Beneficially      Voting         Voting	Dispositive    Dispositive
                             Owned          Power         Power           Power          Power

Regions Bank               410,028         410,028            0		 405,100	4,928
of Alabama

   	TOTALS             410,028         410,028            0		 405,100	4,928

The  Item 3 classification of the subsidiary listed above is (b) Bank as defined
in section 3(a)(6) of the Act.