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 Academy and educational activities in establishing the high level of the Medical School influenced the Greek medical science as a whole. In particular, George Therianos (Prof of General and Comparative Anatomy and Experimental Physics) from the island of Zante (Zakynthos) met the Earl of Guilford in 1825 in England and was given the position of professor of the Academy's Medical School. Giovanni Carandino (Ioannis Karantinos), who had already learnt mathematics with Charles Dupin at the original Ionian Academy established by the French during their occupation of the Septinsular Republic (1807–1824), was sent by Lord Guilford to study at the École Polytechnique