Piraeus Psara, but it was not until 1829 that permanent habitation of the area was restarted. Piraeus at first developed into a small town with few dwellings, far from its glorious past as a prosperous city, with its population consisting largely of fishermen. With the creation of the modern Greek state and the proclamation of Athens as its capital in 1832, the port, still named Πόρτο Λεόνε 'Porto Leone' or Πόρτο Δράκο 'Porto Draco', again acquired a reason for growth, and began to develop into a commercial and industrial centre. Migrants, mainly from the Aegean Islands, continued to arrive. A town
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