EuroBancshares

EuroBancshares, Inc.

Formerly	Española de Finanzas Trust Company (1979–1988) First Community Trust Company (1988–1990)
Company type	Public
Industry	Finance and Insurance
Founded	San Juan, Puerto Rico; December 4, 1979
Defunct	April 30, 2010 (2010-04-30)
Fate	The Office of the Commissioner of Financial Institutions of Puerto Rico seized it and appointed the FDIC to become the failed bank's receiver. The FDIC sold the deposits and assets to Oriental Bank and Trust.
Headquarters	San Juan, Puerto Rico
Key people	Rafael Arillaga-Torréns, Jr, Chairman, President & CEO,
Products	Banking Checking accounts Insurance Stock brokerage Investment bank Asset-based lending Consumer finance
Total assets	US$2.65 billion (Q1 2009) [1]
Website	www.eurobankpr.com (Archive)

EuroBancshares, Inc. (commonly known as Eurobank) was a financial holding company founded on December 4, 1979 under the name of Española de Finanzas Trust Company in San Juan, Puerto Rico. On April 30, 2010, the bank failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation (FDIC). Its deposits and assets were subsequently sold to Oriental Bank and Trust.^[2]

EuroBank used to offer financial and insurance services in Puerto Rico through its wholly owned subsidiaries Eurobank Puerto Rico and EuroSeguros, respectively. Since its founding, it grew into a billion dollar financial institution, eventually operating through a network of 21 branches in 2005. Its headquarters were located at 270 Muñoz Rivera Avenue, near the Golden Mile District or "Milla de Oro" of Hato Rey, San Juan.