Ionian Bank

The Ionian Bank (IB) was a British overseas bank that investors established in 1839 to operate in the Ionian Isles, which was then a British Protectorate. It served also as the central bank of the United States of the Ionian Islands. IB later expanded in Greece and the Eastern Mediterranean. After losing its branches in Egypt to nationalization, IB retreated from the Mediterranean, selling all its operations there. Michael Behrens and John Trusted then acquired Ionian Bank, converting it into a merchant bank in London. It was never very successful and in 1977 it voluntarily gave up its banking licence.

Read more about Ionian BankHistory

Other articles related to "ionian bank, bank":

Ionian Bank - History - World War II and After
... During World War II, the Italians forcibly acquired IB's holdings in Popular Bank and ran it as an Italian bank for the duration ... In 1949, IB further increased its holdings in Popular Bank to four-fifths of the capital ... In 1956, the Egyptian government established Bank Al-Goumhourieh to take over the Egyptian operations of Ionian Bank and the Ottoman Bank in the wake of the Suez Canal War ...
Banknote Museum
... The Banknote Museum of Alpha Bank is a museum located in Corfu, Greece ... The museum was established in 1981 by the Ionian Bank and it is housed at the former Ionian Bank building designed by Corfiote architect Ioannis Chronis in about 1840 ... In 2000 Ionian Bank merged with Alpha Bank and subsequently the Banknote Museum was renovated and was reopened in 2005 ...

Famous quotes containing the word bank:

    What’s breaking into a bank compared with founding a bank?
    Bertolt Brecht (1898–1956)