For the most part, yes.
In Motorola radios, the rebanding flash upgrade allows for a longer list of control channels to be added to the radio so that the same list of control channels can be entered, less 15 MHz. It also enables NPSPAC channel spacing (12.5 kHz) and deviation settings (+/- 4 kHz) for the new NPSPAC band (down 15 MHz from the current NPSPAC band). Finally, the flash adds the new channel band plan (hexidecimal numbers that are broadcast over the air) to the radio. This plan can be "shuffled" - or customized - if the system owner wishes. Once a site is retuned, a "rebanded" bit will be broadcast over the control channel and the radio will use the new NPSPAC deviation and channel spacing settngs for that part of the frequency band, and the new band plan will be used for that site. If the "rebanded" bit is not seen over the control channel, the radio will use the deviation settings, channels spacing, and band plan that were in the radio prior to rebanding.
The talk groups remain the same, unless any were changed during the reprogramming. There are not any abilities to assign "pre rebanding" and "post rebanding" talk groups that are seamless to the end user.