UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Schedule
13G
(Amendment
No. 3)
Under
the Securities Exchange Act of 1934
EuroBancshares,
Inc.
(Name
of Issuer)
Common
Stock, Par Value $0.01 Per Share
(Title
of Class of Securities)
298716101
(CUSIP
Number)
December
31, 2007
(Date
of Event Which Requires Filing of this Statement)
Check
the
appropriate box to designate the rule pursuant to which this Schedule is
filed:
[
]
Rule
13d-1(b)
[
]
Rule
13d-1(c)
[x]
Rule
13d-1(d)
*The
remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities,
and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed
to
be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP
NO. 298716101
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Schedule
13G/A
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Page
2
of
6
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1
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Name of Reporting Persons
I.R.S.
Identification No. of Above Person (entities only).
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Placido
Gonzalez Cordova
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2
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Check the Appropriate Box if a
Member of a
Group (See Instructions)
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(a)
o
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(b)
o
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3
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SEC Use Only
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4
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Citizenship
or Place of Organization
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Commonwealth
of Puerto Rico
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5
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Sole Voting Power
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1,977,746
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6
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Shared Voting Power
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28,658
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7
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Sole Dispositive Power
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8
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Shared Dispositive Power
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9
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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2,006,404
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10
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
(See
Instructions)
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o
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11
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Percent
of Class Represented by Amount in Row (9)
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10.47%
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12
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Type
of Reporting Person
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IN
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CUSIP
NO. 298716101
|
Schedule
13G/A
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Page 3
of
6
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(1)
Item
1.
EuroBancshares,
Inc.
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(b)
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Address
of Issuer’s Principal Executive
Offices
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State
Road PR-1, Km. 24.5
Quebrada
Arenas Ward
San
Juan,
Puerto Rico 00926
Item
2.
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(a)
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Names
of Persons Filing
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Placido
Gonzalez Cordova
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(b)
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Address
of Principal Business Office or, if none,
Residence
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State
Road PR-1, Km. 24.5
Quebrada
Arenas Ward
San
Juan,
Puerto Rico 00926
Commonwealth
of Puerto Rico
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(d)
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Title
of Class of
Securities
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Common
Stock, par value $0.01 per share
298716101
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Item
3.
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If
this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c),
check whether the person filing is
a:
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Not
Applicable.
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CUSIP
NO. 298716101
|
Schedule
13G/A
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Page 4
of
6
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Provide
the following information regarding the aggregate number and percentage of
the
class of securities of the issuer identified in Item 1.
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(a)
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Amount
Beneficially Owned:
2,006,404 shares of Common Stock
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(b)
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Percent
of Class:
10.47%
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(c)
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Number
of shares as to which the person
has:
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(i)
Sole
power to vote or to direct the vote: 1,977,746
(ii)
Shared
power to vote or to direct the vote: 28,658
(1)
(iii)
Sole
power to dispose or to direct the disposition of: 1,977,746
(iv)
Shared
power to dispose or to direct the disposition of: 28,658
(1)
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Item
5.
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Ownership
of Five Percent or Less of a
Class
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If
this
statement is being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more than five
percent
of the class of securities, check the following [ ].
Not
Applicable.
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another
Person
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Not
Applicable.
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Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security
Being
Reported on by the Parent Holding
Company
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Not
Applicable.
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Item
8.
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Identification
and Classification of Members of the
Group
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Not
Applicable.
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Item
9.
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Notice
of Dissolution of
Group
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Not
Applicable.
(1)
These
shares
held by a family corporation for which Mr. Gonzalez serves as
president.
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CUSIP
NO. 298716101
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Schedule
13G/A
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Page 5
of
6
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Not
Applicable.
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CUSIP
NO. 298716101
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Schedule
13G/A
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Page 6
of
6
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SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify
that
the information set forth in this statement is true, complete and
correct.
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Dated:
February 14, 2008
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/s/ Placido
Gonzalez Cordova
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Placido
Gonzalez
Cordova
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