Clarifying which bank took over Banco Popular depends entirely on whether you are referring to the Puerto Rican institution or the historical Spanish bank of a similar name. Banco Popular de Puerto Rico (subsidiary of Popular, Inc.) has not been taken over; it remains an independent, major operating entity and the largest bank in Puerto Rico. Conversely, Spain's Banco Popular Español faced severe financial distress and was taken over in a rescue acquisition by Banco Santander for a nominal price of one euro after being placed into resolution.