I believe it's safe to say It is two completely separate banking entities owned by the same corporation.
Printable View
What was it that didn't give you that impression? But, for what it's worth, they are going to pull out of the stateside market...
"Grupo Popular, S.A. hereby informs its customers, shareholders and the general public that its Board of Directors has updated the 2011-2014 Strategic Plan as well as its role in international business and has therefore decided to cease operations of BPD Bank in New York and Miami in order to concentrate the business in markets of greater growth and profitability, as well as to continue to expand in our Dominican Republic market and in the Latin American region with new products and services."