Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective April 30, 2009, the employment of Carlos Rom, Jr., Executive Vice President of Eurobank, was terminated amicably in connection with the implementation of certain cost reduction measures. Mr. Rom was hired by Eurobank, our wholly-owned banking subsidiary, on January 1, 2008, for the position of Executive Vice President. Mr. Rom was primarily responsible for marketing, strategic planning, branch administration and business development. Responsibilities previously assigned to Mr. Rom were assumed by the President and other members of the executive management team.

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EUROBANCSHARES, INC.

Date: May 6, 2009 By: /s/ Rafael Arrillaga-Torréns, Jr.

Rafael Arrillaga-Torréns, Jr. Chairman of the Board, President and Chief Executive Officer

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