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
Paxi Paxi Paxi or Paxoi (Greek: Παξοί, pronounced in English and in Greek) is the smallest island group within the Ionian Islands (the Heptanese). In Greek it is a plural form. The largest islands are Paxos and nearby Antipaxos. Antipaxos is famous for its wine and two of the finest sand beaches in the Ionian Sea. The main town of Paxoi, and the seat of the municipality, is Gaios. The municipality has an area of 30.121 km.. The area of the island is 76 square kilometers = just under 30 square miles. In Greek mythology, Poseidon created the island by striking