Piraeus from across the country. A number of events contributed to the development of the city ; among these were its ultimate declaration as the leading port of Greece, the completion of the Athens-Piraeus Railway in 1869, the industrial development of the area in the 1860s, and the creation of the Corinth Canal in 1893, all of which left Piraeus more strategically important than ever. New buildings were constructed to cover the necessities of this growth, such as educational institutions, churches, the Stock Exchange Building, the Town Hall, the Central Market, the Post Office Building and charity institutions; the port was
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