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
French rule in the Ionian Islands of the Ottoman Empire. While initially enjoying broad support, the French regime soon began to loose some of its appeal. The heavy taxation and strict fiscal administration were widely resented, while the dismissive attitude of the French towards religion and the traditions of the Ionian people, coupled with the predatory behaviour of French troops, made them increasingly unpopular. Although the Greek clergy had supported the installation of the democratic regime and even participated actively in it, the French generally treated the clergy with hostility, as can be seen by their demand that all clerics wear the tricolour cockade on pain