French rule in the Ionian Islands French rule in the Ionian Islands The French rule in the Ionian Islands ( "Gallokratía ton Eptaníson") lasted from June 1797 to March 1799. Following the Fall of the Republic of Venice in May 1797, the Ionian Islands, a Venetian possession, were occupied by the French Republic. The French instituted a new, democratic regime and, following the Treaty of Campo Formio, annexed the islands to France, forming the three departments of "Corcyre" (Corfu), "Ithaque" (Ithaca) and "Mer-Égée" (Aegean Sea). Originally widely welcomed, French rule began to grow oppressive to the islanders, and aroused the enmity of the Ottoman Empire and
Ionian Bank French banks were nationalized by Egypt at the same time. The next year IB sold its Greek assets to the Commercial Bank of Greece, which maintained IB as a separate entity, and its assets in Cyprus to the Chartered Bank. The Greek IB became the Ionian and Popular Bank of Greece by merging with its subsidiary, Popular Bank. Eventually, Alpha Bank purchased the Ionian and Popular Bank of Greece in 1999, and absorbed it in 2000. Commercial Bank of Greece bought IB's London branch. Ionian Bank The Ionian Bank (IB) was a British overseas bank that investors established in 1839