EuroBancshare, Inc.

Rafael Arrillaga-Torrens, Jr.
Chairman, President and Chief Executive Officer

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.

Yadira R. Mercado Piñeiro
Executive Vice President, Chief Financial Officer and Corporate Secretary

Ms. Mercado currently serves as our Executive Vice President, Chief Financial Officer and Corporate Secretary, positions she has held since 1993. She served as Senior Vice President of Finance and Operations at Eurobank from 1991 to 1993. Prior to joining Eurobank in 1991, Ms. Mercado held various executive officer positions with several banking institutions in Puerto Rico.

Luis J. Berríos López
Executive Vice President and Chief Lending Officer

Mr. Berríos rejoined Eurobank in August 2006 to serve as Executive Vice President and Chief Lending Officer, position he held from 1993 through 1998. He has over 35 years of experience in the commercial lending business in Puerto Rico. Before rejoining the bank, he served as the President of Commercial Credit Solutions, Inc. up to 2000 and as the President and Chief Lending Officer of Banco Financiero de Puerto Rico between 1998 and 2000.

Felix M. Leon León
Executive Vice President of Operations

Mr. Leon currently serves as Eurobank's Executive Vice President of Operations, a position he has held since late 2004. Prior to joining Eurobank, Mr. Leon served as a financial consultant with Leon Consulting from 2003 to 2004. From 1997 through 2003, Mr. Leon served as the Regional Manager for Banco Popular de Puerto Rico where he supervised the Easter Region of the bank. Mr. Leon received his BBA in 1964 and his JD in 1984 from the University of Puerto Rico.

Jorge Sepulveda-Estrada
Senior Vice President and Treasurer

Mr. Sepúlveda-Estrada has served as Eurobank's Senior Vice President-Treasurer since 1993, overseeing Eurobank's management and investment strategies, and has served in the same capacity with EuroBancshares since 2002. He has over thirty years of banking experience, including previous experience as a financial consultant, bank treasurer and investment officer.

Fausto Peña Villegas
Senior Vice President - Northern Region

Mr. Peña currently serves as Eurobank's Senior Vice President for the Northern Region, a position he has held since 2001. He previously served as Assistant Vice President for Banco Santander de Puerto Rico from 1997 to 2001. Mr. Peña has over 25 years of experience in the banking industry, including officer positions with Banco Central Hispano Puerto Rico and Banco Santander de Puerto Rico.

Luis S. Suau Hernandez
Senior Vice President - San Juan, Metropolitan Region

Mr. Suau currently serves as Eurobank's Senior Vice President for the San Juan-Metropolitan Region, a position he has held since 2003. He previously served as Vice President and Manager of our San Juan branch office from 1997 to 2003. Mr. Suau has over 30 years of experience in the banking industry.

Roberto Carreras Sosa
Senior Vice President - Eastern Region

Mr. Carreras is Eurobank's Senior Vice President for the Eastern Region, a position he has held since 2002. Mr. Carreras has over 25 years of banking experience including positions with the Banco Popular de Puerto Rico from 1997 to 2001 and Roig Commercial Bank from 1988 to 1997.

Brenda I. Medina Alameda
Senior Vice President - Western Region

Ms. Medina currently serves as Eurobank's Senior Vice President for the Western Region, a position she has held since January 2006. She previously served as Vice President and Manager of Mayagüez Branch from 2003 to 2005. Mrs. Medina received her master degree in business administration from the Interamerican University, Puerto Rico in 1990. She has over twenty years of experience in the banking industry including positions with Banco Bilbao Vizcaya Argentaria and The Bank & Trust of Puerto Rico.

Officers