CHANGE IN CONTROL AGREEMENTChange in Control Agreement • March 16th, 2007 • Eurobancshares Inc • Commercial banks, nec • Puerto Rico
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:
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C.Eurobancshares Inc • March 16th, 2007 • Commercial banks, nec
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:
