EUROBANCSHARES

Eurobancshares is a diversified financial holding company headquartered in San Juan, Puerto Rico, offering a broad array of financial services through our wholly owned banking subsidiary, Eurobank, and their wholly owned insurance agency subsidiary, EuroSeguros, Inc. As of December 31, 2003, we had, on a consolidated basis, total assets of $1.3 billion, net loans and leases of $890.0 million, total deposits of $984.5 million, and stockholders’ equity of $65.1 million. They currently operate through a network of 21 branch offices located throughout Puerto Rico.