Piraeus under Lysander blockaded Piraeus and subsequently Athens surrendered to the Spartans, putting an end to the Delian League and the war itself. Piraeus would follow the fate of Athens and was to bear the brunt of the Spartans' rage, as the city's walls and the Long Walls were torn down; the Athenian fleet surrendered to the victors and some of the triremes burnt, while the "neosoikoi" were also pulled down. As a result, the tattered and unfortified port city was not able to compete with prosperous Rhodes, which controlled commerce. In 403 BC, Munichia was seized by Thrasybulus and the
Piraeus Bank (today Piraeus Bank Beograd with 42 branches), and the Egyptian Commercial Bank (today Piraeus Bank Egypt with 43). In 2007 PB purchased the Cyprus arm of Arab Bank and renamed it Piraeus Bank (Cyprus). On 13 September 2007 Piraeus Bank completed its acquisition of 99.6% of the share capital of "International Commercial Bank" in Ukraine, today named Piraeus ICB. In June 2012 PB signed an agreement with Investors Bancorp Inc, to transfer PB's shareholding in Marathon Banking Corporation in New York City, to Investors Bancorp. PB used the money it received for Marathon to finance the take over of the