Eurobancshares Inc Sample Contracts

Eurobancshares Inc – EUROBANCSHARES, INC. RECEIVED NASDAQ NOTICE OF NON-COMPLIANCE (April 23rd, 2010)

San Juan, Puerto Rico, April 22, 2010 – EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”), the holding company of Eurobank, today announced that it received a letter from The Nasdaq Stock Market (“Nasdaq”) on April 20, 2010 advising EuroBancshares that it is currently not in compliance with the continued listing requirements set forth in Nasdaq Listing Rule 5250(c)(1) due to its failure to file its Annual Report on Form 10-K for the year ended December 31, 2009 (the “Form 10-K”), by the applicable filing deadline. In accordance with Nasdaq Listing Rules, EuroBancshares has 60 calendar days to submit a plan to regain compliance. If the plan is accepted by Nasdaq, EuroBancshares may be granted an extension of up to 180 calendar days to regain compliance with Nasdaq Listing Rule 5250(c)(1). EuroBancshares intends to submit a plan to regain compliance to Nasdaq within the prescribed 60 day period.

Eurobancshares Inc – EUROBANCSHARES, INC. RECEIVES NASDAQ NOTICE OF NON-COMPLIANCE (December 28th, 2009)

San Juan, Puerto Rico, December 28, 2009 –EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”) today announced that it received a letter on December 21, 2009 from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Marketplace Rule 5450(a)(1) because the bid price of the Company’s common stock closed below the required minimum $1.00 per share for the previous 30 consecutive business days. The Nasdaq letter has no immediate effect on the listing of the Company’s common stock.

Eurobancshares Inc – EUROBANCSHARES, INC. REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2009 (November 20th, 2009)

San Juan, Puerto Rico, November 20, 2009 – EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”) today reported its results for the third quarter ended September 30, 2009.

Eurobancshares Inc – EUROBANCSHARES, INC. FORMALIZES AGREEMENT WITH REGULATORS (October 16th, 2009)

San Juan, Puerto Rico, October 16, 2009 –EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”) today announced that the board of directors of its wholly-owned subsidiary, Eurobank (the “Bank”), has consented to the issuance of an Order to Cease and Desist (the “Order”) by the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Commissioner of Financial Institutions of Puerto Rico, which Order is effective on October 9, 2009. Under the terms of the Order, Eurobank has agreed to take certain actions intended to address various matters including issues related to capital, liquidity and asset quality.

Eurobancshares Inc – FEDERAL DEPOSIT INSURANCE CORPORATION (October 16th, 2009)

Eurobank, San Juan, Puerto Rico (“Bank”), having been advised of its right to a NOTICE OF CHARGES AND OF HEARING detailing the unsafe or unsound banking practices and violations of law and regulation alleged to have been committed by the Bank and of its right to a hearing on the alleged charges under section 8(b)(1) of the Federal Deposit Insurance Act (“Act”), 12 U.S.C. § 1818(b)(1), and having waived those rights, entered into a STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER TO CEASE AND DESIST (“CONSENT AGREEMENT”) with counsel for the FDIC, dated September 1, 2009, whereby, solely for the purpose of this proceeding and without admitting or denying the alleged charges of unsafe or unsound banking practices and violations of law and/or regulation, the Bank consented to the issuance of an ORDER TO CEASE AND DESIST (“ORDER”) by the FDIC.

Eurobancshares Inc – EUROBANCSHARES FORMALIZES AGREEMENT WITH FEDERAL RESERVE (October 6th, 2009)

San Juan, Puerto Rico, October 6, 2009 –EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”) today announced that it has entered into a Written Agreement with the Federal Reserve Bank of New York effective on September 30, 2009. Under the terms of the Written Agreement, EuroBancshares has agreed to take certain actions that are designed to maintain its financial soundness so that it may continue to serve as a source of strength to its subsidiary, Eurobank. Among other things, the Written Agreement requires prior written approval related to the payment of dividends and distributions, incurrence of debt, and the purchase or redemption of stock. In addition, the Written Agreement requires EuroBancshares to submit an acceptable capital plan and maintain regular reporting to the Federal Reserve during the term of the agreement.

Eurobancshares Inc – UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. (October 6th, 2009)

Written Agreement by and between EUROBANCSHARES, INC. San Juan, Puerto Rico and FEDERAL RESERVE BANK OF NEW YORK New York, New York Docket No. 09-137-WA/RB-HC

Eurobancshares Inc – EUROBANCSHARES, INC. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2009 (August 11th, 2009)

San Juan, Puerto Rico, August 10, 2009 – EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”) today reported its results for the second quarter ended June 30, 2009.

Eurobancshares Inc – EUROBANCSHARES, INC. AND SUBSIDIARIES (May 12th, 2009)
Eurobancshares Inc – EUROBANCSHARES, INC. REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2008 (February 27th, 2009)

San Juan, Puerto Rico, February 27, 2009 – EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”) today reported its results for the fourth quarter and year ended December 31, 2008.

Eurobancshares Inc – CORRECTING AND REPLACING EUROBANCSHARES, INC. REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2008 (November 12th, 2008)

San Juan, Puerto Rico, November 12, 2008 — EXPLANATORY NOTE: This release is being re-issued solely to correct the table titled “EUROBANCSHARES, INC. AND SUBSIDIARIES OPERATING RATIOS AND OTHER SELECTED DATA (Dollars in thousands, except per share data) Unaudited” in release dated November 6, 2008, where we inadvertently presented a book value per common share as of September 30, 2008 of $7.53, instead of $7.45, and a year-to-date provision for loan and lease losses at September 30, 2008 of $23,300, instead of $25,800. Except for these corrections, no other changes were made to the release or its schedules.

Eurobancshares Inc – EUROBANCSHARES, INC. REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2008 (November 7th, 2008)

San Juan, Puerto Rico, November 6, 2008 - EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”) today reported its results for the third quarter ended September 30, 2008.

Eurobancshares Inc – AT THE COMPANY AT FINANCIAL RELATIONS BOARD (August 1st, 2008)

San Juan, Puerto Rico, July 31, 2008 - EuroBancshares, Inc. (Nasdaq: EUBK) (“EuroBancshares” or the “Company”) today reported its results for the second quarter ended June 30, 2008.

Eurobancshares Inc – CHANGE IN CONTROL AGREEMENT (May 13th, 2008)

This Agreement, effective as of the date the agreement is entered into, by and between EuroBancshares, Inc. (the “Company”), a registered bank holding company which is the sole shareholder of Eurobank, a Puerto Rico banking corporation, with main offices in San Juan, Puerto Rico (the “Bank”), and Luis J. Berríos López, Jr., a key employee and officer of the Bank and the Company, and a resident of San Juan, Puerto Rico (the “Executive”), provides as follows:

Eurobancshares Inc – AT THE COMPANY AT FINANCIAL RELATIONS BOARD (February 7th, 2008)

San Juan, Puerto Rico, February 6, 2008 - EuroBancshares, Inc. (Nasdaq: EUBK) (the “Company”) today reported its results for the fourth quarter and year ended December 31, 2007.

Eurobancshares Inc – JOINT ACCOUNT AGREEMENT (January 7th, 2008)

Joint Account Agreement (the “Agreement”) dated as of January 2, 2008 by and between Oppenheimer & Co. Inc., a New York corporation (“Oppenheimer”), and Eurobank, a Puerto Rico corporation (“Eurobank”).

Eurobancshares Inc – MASTER SERVICES AGREEMENT by and between Eurobancshares, Inc., a Commonwealth of Puerto Rico Corporation and Telefonica USA, Inc., a Florida corporation authorized to do business in Puerto Rico, d/b/a Telefonica Empressas as of August 6, 2007 (November 9th, 2007)

This MASTER SERVICES AGREEMENT (this “Agreement”) is entered into as of August 6, 2007 (the “Effective Date”), by and between Eurobancshares, Inc., a Commonwealth of Puerto Rico corporation (collectively, “Company”), and Telefonica USA, Inc., a Florida corporation authorized to do business in Puerto Rico, d/b/a Telefonica Empressas (“Service Provider”). Terms used in this Agreement are either defined in the context in which they are used or in Article XX hereto.

Eurobancshares Inc – EUROBANCSHARES, INC. REPORTS EARNINGS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2007 (October 29th, 2007)

San Juan, Puerto Rico, October 26, 2007 - EuroBancshares, Inc. (Nasdaq: EUBK) (the “Company”) today reported its results for the third quarter ended September 30, 2007.

Eurobancshares Inc – AMENDED AND RESTATED BYLAWS OF EUROBANCSHARES, INC. (September 26th, 2007)
Eurobancshares Inc – EUROBANCSHARES, INC. REPORTS EARNINGS FOR THE SECOND QUARTER ENDED JUNE 30, 2007 (July 23rd, 2007)

San Juan, Puerto Rico, July 19, 2007 - EuroBancshares, Inc. (Nasdaq: EUBK) (the “Company”) today reported its results for the second quarter ended June 30, 2007.

Eurobancshares Inc – March 31, 2007 (May 7th, 2007)

This presentation may contain forward-looking statements including comments with respect to our objectives, strategies, and the results of our operations and business. These statements involve numerous assumptions, uncertainties and opportunities, both general and specific. Risk exists that these statements may not be fulfilled. We caution readers of this presentation not to place undue reliance on the forward-looking statements, as a number of factors could cause future company results to differ materially from these statements. Forward-looking statements may be influenced in particular by factors such as: fluctuations in interest rates and stock indexes; effects of competition in the areas in which we operate; changes in economic, political, regulatory and technological conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider the aforementioned factors and others t

Eurobancshares Inc – EUROBANCSHARES, INC. REPORTS EARNINGS FOR THE FIRST QUARTER ENDED MARCH 31, 2007 (April 30th, 2007)

San Juan, Puerto Rico, April 26, 2007 - EuroBancshares, Inc. (Nasdaq: EUBK) (the “Company”) today reported its results for the quarter ended March 31, 2007.

Eurobancshares Inc – CHANGE IN CONTROL AGREEMENT (March 16th, 2007)

This Agreement, effective as of the date the agreement is entered into, by and between EuroBancshares, Inc. (the “Company”), a registered bank holding company which is the sole shareholder of Eurobank, a Puerto Rico banking corporation, with main offices in San Juan, Puerto Rico (the “Bank”), and Rafael Arrillaga, a key employee and officer of the Bank and the Company, and a resident of San Juan, Puerto Rico (the “Executive”), provides as follows:

Eurobancshares Inc – CHANGE IN CONTROL AGREEMENT (March 16th, 2007)

This Agreement, effective as of the date the agreement is entered into, by and between EuroBancshares, Inc. (the “Company”), a registered bank holding company which is the sole shareholder of Eurobank, a Puerto Rico banking corporation, with main offices in San Juan, Puerto Rico (the “Bank”), and Yadira Mercado, a key employee and officer of the Bank and the Company, and a resident of San Juan, Puerto Rico (the “Executive”), provides as follows:

Eurobancshares Inc – FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. (March 16th, 2007)

Eurobank, Hato Rey, Puerto Rico (“Insured Institution”), having been advised of its right to a Notice of Charges and of Hearing detailing the unsafe or unsound banking practices and violations of law and/or regulations alleged to have been committed by the Insured Institution and of its right to a hearing on the alleged charges under section 8(b)(1) of the Federal Deposit Insurance Act (“Act”), 12 U.S.C. § 1818(b)(1), and having waived those rights, entered into a STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER TO CEASE AND DESIST (“CONSENT AGREEMENT”) with counsel for the Federal Deposit Insurance Corporation (“FDIC”), dated March 19, 2007, whereby solely for the purpose of this proceeding and without admitting or denying the alleged charges of unsafe or unsound banking practices and violations of law and/or regulations, the Insured Institution consented to the issuance of an ORDER TO CEASE AND DESIST (“ORDER”) by the FDIC.

Eurobancshares Inc – FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. (March 16th, 2007)

Subject to the acceptance of this STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER TO CEASE AND DESIST ("CONSENT AGREEMENT") by the Federal Deposit Insurance Corporation ("FDIC"), it is hereby stipulated and agreed by and between a representative of the Legal Division of the FDIC and Eurobank, Hato Rey, Puerto Rico ("Insured Institution"), as follows:

Eurobancshares Inc – AT THE COMPANY AT FINANCIAL RELATIONS BOARD (January 30th, 2007)

San Juan, Puerto Rico, January 29, 2007 - EuroBancshares, Inc. (Nasdaq: EUBK) (the “Company”) today reported its results for the fourth quarter and year ended December 31, 2006.

Eurobancshares Inc – September 30, 2006 (December 4th, 2006)

This presentation may contain forward-looking statements including comments with respect to our objectives, strategies, and the results of our operations and business. These statements involve numerous assumptions, uncertainties and opportunities, both general and specific. Risk exists that these statements may not be fulfilled. We caution readers of this presentation not to place undue reliance on the forward-looking statements, as a number of factors could cause future company results to differ materially from these statements. Forward-looking statements may be influenced in particular by factors such as: fluctuations in interest rates and stock indexes; effects of competition in the areas in which we operate; changes in economic, political, regulatory and technological conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider the aforementioned factors and others t

Eurobancshares Inc – EUROBANCSHARES, INC. REPORTS EARNINGS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2006 (November 7th, 2006)

San Juan, Puerto Rico, November 6, 2006 - EuroBancshares, Inc. (Nasdaq: EUBK) (the “Company”) today reported net income for the quarter ended September 30, 2006 in the amount of $1.4 million, or $0.06 per diluted share compared to $4.8 million, or $0.23 per diluted share, for the same period in 2005. Net income for the nine-month period ended September 30, 2006 was $8.0 million, or $0.38 per diluted share, compared to $14.9 million, or $0.70 per diluted share, for the comparable period last year. Earnings per share for those periods gives effect to:

Eurobancshares Inc – June 30, 2006 (July 31st, 2006)

This presentation may contain forward-looking statements including comments with respect to our objectives, strategies, and the results of our operations and business. These statements involve numerous assumptions, uncertainties and opportunities, both general and specific. Risk exists that these statements may not be fulfilled. We caution readers of this presentation not to place undue reliance on the forward-looking statements, as a number of factors could cause future company results to differ materially from these statements. Forward-looking statements may be influenced in particular by factors such as: fluctuations in interest rates and stock indexes; effects of competition in the areas in which we operate; changes in economic, political, regulatory and technological conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider the aforementioned factors and others t

Eurobancshares Inc – FIRST AMENDMENT TO THE 2005 STOCK OPTION PLAN FOR EUROBANCSHARES, INC. (May 10th, 2006)

This First Amendment to the 2005 Stock Option Plan for EuroBancshares, Inc., a Puerto Rico corporation and registered bank holding company (the “Company”), is made effective as of the 9th day of May, 2006.

Eurobancshares Inc – AT THE COMPANY Rafael Arrillaga-Torréns, Jr. Chairman, President and CEO Yadira R. Mercado Executive Vice-President, CFO 787/751-7340 AT FINANCIAL RELATIONS BOARD Julie Tu - Investor Inquiries 212/445-8456 Marilynn Meek General Inquiries 212/827-3773 (April 20th, 2006)

San Juan, Puerto Rico, April 20, 2006 - EuroBancshares, Inc. (Nasdaq: EUBK) (the “Company”) today reported its results for the first quarter ended March 31, 2006.

Eurobancshares Inc – COHEN BROS. & COMPANY 2006 CONFERENCE (March 13th, 2006)

This presentation may contain forward-looking statements including comments with respect to our objectives, strategies, and the results of our operations and business. These statements involve numerous assumptions, uncertainties and opportunities, both general and specific. Risk exists that these statements may not be fulfilled. We caution readers of this presentation not to place undue reliance on the forward-looking statements, as a number of factors could cause future company results to differ materially from these statements. Forward-looking statements may be influenced in particular by factors such as: fluctuations in interest rates and stock indexes; effects of competition in the areas in which we operate; changes in economic, political, regulatory and technological conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider the aforementioned factors and others t

Eurobancshares Inc – AT THE COMPANY AT FINANCIAL RELATIONS BOARD (February 24th, 2006)

San Juan, Puerto Rico, February 23, 2006 - EuroBancshares, Inc. (Nasdaq: EUBK) (the “Company”) today reported its results for the fourth quarter and year ended December 31, 2005 and reported on its assessment of internal control over financial reporting.

Eurobancshares Inc – NASDAQ: EUBK September 2005 (November 3rd, 2005)

This presentation may contain forward-looking statements including comments with respect to our objectives, strategies, and the results of our operations and business. These statements involve numerous assumptions, uncertainties and opportunities, both general and specific. Risk exists that these statements may not be fulfilled. We caution readers of this presentation not to place undue reliance on the forward-looking statements, as a number of factors could cause future company results to differ materially from these statements. Forward-looking statements may be influenced in particular by factors such as: fluctuations in interest rates and stock indexes; effects of competition in the areas in which we operate; changes in economic, political, regulatory and technological conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider the aforementioned factors and others