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    <div>&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 9pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
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      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):</font></div>
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                communications pursuant to Rule 425 under the Securities Act (17
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                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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      information set forth under &#8220;Item 2.02. Results of Operations and Financial
      Condition,&#8221; including the Exhibits attached hereto, shall not be deemed &#8220;filed&#8221;
for purposes of Section 18 of the Securities and Exchange Act of 1934, as
      amended (the &#8220;Exchange Act&#8221;) or otherwise subject to the liabilities of that
      section, nor shall it be deemed incorporated by reference in any filing under
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      April
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      for the first quarter ended March&#160;31, 2006. A copy of the press release is
      attached as Exhibit 99.1 to this Form 8-K.</font></div>
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          <tr valign="top" style="line-height: 1.25;">
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                release of EuroBancshares, Inc., dated April 20, 2006, announcing
                its
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                2006.</font></div>
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      duly authorized.</font></div>
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            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><strong>EUROBANCSHARES,
              INC.</strong></font></td>
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          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:
              April&#160;20, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td>
              <div style="MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Rafael
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            </td>
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              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Rafael
                Arrillaga-Torr&#233;ns, Jr.</font></div>
              <div><font size="2">Chairman of the Board, President and Chief </font></div>
              <div><font size="2">Executive Officer</font></div>
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                  INDEX</u></font></div>
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                  No.</u></font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                  release of EuroBancshares, Inc., dated April 20, 2006, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">announcing
                  its earnings for the first quarter ended March&#160;31, 2006</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
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{"company-data": {"conformed-name": "EUROBANCSHARES INC", "cik": "0001164554", "assigned-sic": "6029", "irs-number": "000000000"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50872", "film-number": "06770688"}, "mail-address": {"street1": "270 MUNOZ RIVERA AVE", "city": "HATO REY", "state": "NY", "zip": "00918"}}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
____________________
FORM
      8-K
Current
      Report
Pursuant
      to Section 13 or 15(d) of the
Securities
      Exchange Act of 1934
Date
      of report (Date of earliest event reported):
April
      20, 2006
___________________
EUROBANCSHARES,
      INC.
(Exact
      name of registrant as specified in its charter)
____________________
Commonwealth
                of Puerto Rico
000-50872
66-0608955
(State
                or other jurisdiction of incorporation)
(Commission
                File Number)
(IRS
                Employer Identification No.)
270
                Muñoz Rivera Avenue
San
                Juan, Puerto Rico 00918
(Address
                of principal executive offices) (Zip Code)
(787)
                751-7340
(Registrant's
                telephone number, including area code)
____________________
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):
o
Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)
o
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)
o
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
240.14d-2(b))
o
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
240.13e-4(c))
Item
      2.02
Results
      of Operations and Financial Condition.
This
      information set forth under "Item 2.02. Results of Operations and Financial
      Condition," including the Exhibits attached hereto, shall not be deemed "filed"
for purposes of Section 18 of the Securities and Exchange Act of 1934, as
      amended (the "Exchange Act") or otherwise subject to the liabilities of that
      section, nor shall it be deemed incorporated by reference in any filing under
      the Securities Act of 1933, as amended, or the Exchange Act, regardless of
      any
      general incorporation language in such filing.
On
      April
      20, 2006, EuroBancshares, Inc. issued a press release announcing its earnings
      for the first quarter ended March 31, 2006. A copy of the press release is
      attached as Exhibit 99.1 to this Form 8-K.
Item
      9.01
Financial
      Statements and Exhibits.
(c)
Exhibits
99.1
Press
                release of EuroBancshares, Inc., dated April 20, 2006, announcing
                its
                earnings for the first quarter ended March 31,
                2006.
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:
              April 20, 2006
By:
/s/ Rafael
                Arrillaga-Torréns, Jr.
Rafael
                Arrillaga-Torréns, Jr.
Chairman of the Board, President and Chief
Executive Officer
EXHIBIT
                  INDEX
Exhibit
                  No.
Description
99.1
Press
                  release of EuroBancshares, Inc., dated April 20, 2006,
announcing
                  its earnings for the first quarter ended March 31, 2006
.