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
United States of the Ionian Islands and Russia signed the Treaty of London, pledging the transfer of sovereignty to Greece upon ratification; this was meant to bolster the reign of the newly installed King George I of Greece. Thus, on 28 May, by proclamation of the Lord High Commissioner, the Ionian Islands were united with Greece. According to the second constitution of the republic (1803), Greek was the primary official language, in contrast to the situation in the Septinsular Republic. Italian was still in use, though, mainly for official purposes since the Venetian Republic. The only island in which Italian (Venetian) had a wider spread was