Ionian Bank up its banking licence. The Greek operation, renamed "Ionian Popular Bank", was absorbed into Alpha Bank in 2000. A "decree of the Eminent Senate of the Commonwealth of Ionian Islands" established the Ionian State Bank in 1839, to finance trade between the Ionian Islands (a British protectorate), and Great Britain. This made the bank the oldest in Greece. The bank received a 20-year grant of the exclusive privilege of issuing and circulating banknotes for the Ionian Islands. The bank soon changed its name to Ionian Bank (IB), and initially only operated in the Ionian Islands, opening branches in Corfu, Aante
Ionian Islands are found because Io swam across it. Latin transliteration, as well as Modern Greek pronunciation, may suggest that the Ionian Sea and Islands are somehow related to Ionia, an Anatolian region; in fact the Ionian Sea and Ionian Islands are spelled in Greek with an omicron (Ιόνια), whereas Ionia has an omega (Ιωνία), reflecting a classical difference in pronunciation. In Modern Greek omicron and omega represent the same sound, but the two words are still distinguished by stress: the western "Ionia" is accented on the antepenult (), and the eastern on the penult (). In English, the adjective relating to