EuroBancshare, Inc. - Board of Directors

Rafael Arrillaga-Torrens Jr.
Mr. Arrillaga has served as Chairman of Eurobank's Board of Directors and President and Chief Executive Officer of Eurobank since 1993. He also has served in those same capacities with EuroBancshares since 2002. Before being named President and Chief Executive Officer of Eurobank, Mr. Arrillaga practiced law from 1974 until 1993, specializing in banking, tax and corporate law. Mr. Arrillaga was involved in the organization of Eurobank, and has served as a director of Eurobank since 1979.

Pedro Feliciano Benitez, Esq.
Mr. Feliciano has been a member of the Board of Directors of Eurobank since 1999 and has served as a director and Vice Chairman of the Board of EuroBancshares since 2002. Mr. Feliciano has served as President of Las Piedras Construction Corp., a civil works construction company, since he founded the company in 1970.

Juan Ramon Gomez-Cuetara Aguilar
In January 2007, Mr. Gómez-Cuétara was appointed by our Board to fill the vacancy left by the resignation of Jorge Calderón Drowett in August 2006 and to serve on the Board of Eurobank. Mr. Gómez-Cuétara previously served as a Class B Director of EuroBancshares from January 2004 to May 2006. Mr. Gómez-Cuétara is currently the Chief Financial Officer of Risi, S.A., a Spanish company involved in the manufacture and processing of snack foods, and he has served in that capacity since 2003. Prior to joining Risi, he was an auditor with PricewaterhouseCoopers in Madrid, Spain from 2001 to 2003. Mr. Gómez-Cuétara received his degree in business administration from the Universidad CEU San Pablo in Madrid, Spain in 2001.

Antonio R. Pavia Bibiloni
Mr. Pavía has been a member of the Board of Directors of Eurobank since 1998 and has served as a director of EuroBancshares since 2002. Mr. Pavía has held a number of senior executive and management positions in various financial institutions. He currently serves as President of Bartolo, Inc., a large gasoline station operations company, and has held this position since 1996.

William Torres Torres
Mr. Torres has been a member of the Board of Directors of Eurobank since 1999 and has served as a director of EuroBancshares since 2002. Mr. Torres, a certified public accountant, is the managing partner of Torres CPA Group, the accounting firm he founded in 1981.

Placido Gonzalez Cordova
Mr. González has been a member of the Board of Directors of Eurobank since 1997 and has served as a director of EuroBancshares since 2002. Prior to joining Eurobank's Board of Directors, Mr. González was a founder and director of Banco del Comercio de Puerto Rico, a full service commercial bank in Puerto Rico that was acquired by Eurobank in 1997.

Luis F. Hernández Santana
Mr. Hernández has been a member of our Board of Directors and the Board of Directors of Eurobank since 2006. Also, he has served as the Chairman of the Audit Committee of EuroBancshares' Board of Directors. Mr. Hernández, a certified public accountant, is managing partner of Torres, Hernandez & Punter, CPA, CSP, position he has held since 2004.

Ricardo Levy Echeandia
Mr. Levy has been a member of our Board of Directors and a member of the Board of Directors of Eurobank since 2002. Currently, he is President of Francisco Levy Hijos, Inc., a general contractor and developer, and has served in that capacity since 2002. From 1999 until 2002, Mr. Levy served as Executive Vice President and Treasurer of Francisco Levy Hijos, Inc.

Jaime Sifre Rodriguez
In January 2008, Mr. Sifre was appointed by our Board to fill the vacancy left by the resignation of Diana López Feliciano in December 2007 and to serve on the Board of Eurobank. Mr. Sifre is an attorney at law and notary public, founding partner of Sánchez Betances, Sifre & Muñoz Noya, PSC, formerly Sánchez-Betances & Sifre, partnership, a position he has held since 1974.