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
Venetian rule in the Ionian Islands of the Republic is deeply rooted in the population, who recall it with a shade of nostalgia even after so much time and so many events. Because of the long Venetian period, the manners and traditions of the inhabitants of the Ionian Islands are a mixture of Greek and Italian. The Venetian influence is illustrated in all aspects of culture and everyday life. In 1800 the Septinsular Republic was established; its flag design was based on the flag of the Republic of Venice. In addition, Italian was the co-official language of both the Septinsular Republic and the United States of