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| Company type | Public |
|---|---|
| Industry | Finance and Insurance |
| Founded | San Juan, Puerto Rico; December 4, 1979 |
| Defunct | April 30, 2010 |
| 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 |
| Website | www.eurobankpr.com (Archive) |
EuroBancshares, Inc. (commonly known as Eurobank) was a financial holding company located 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.
EuroBank used to offer financial and insurance services in Puerto Rico through its wholly owned subsidiaries Eurobank Puerto Rico and EuroSeguros, respectively. Founded on December 4, 1979, under the name of Española de Finanzas Trust Company, 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.