Société Marseillaise de Crédit
Société Marseillaise de Crédit is a bank in France.
History
The Société Marseillaise de Crédit was created in 1865 by Joseph Grandval, Victor Roux, Albert Rostand and Armand Bergasse.[1][2] Its first Chairman was Jean-Baptiste Pastré.[1] In 1880, its headquarters was built in Marseille by Léon Verdier.[1] Its first neighbourhood branch was opened in 1909.[1]
In 1913, it bought Banque du Sud-Est and the Comptoir Commercial d'Escompte du Midi, thus expanding all over Alpes-Maritimes, Hérault, Gard, Vaucluse, Drôme, Aveyron, Pyrénées Orientales and Aude.[1] In 1919, it spread to Tunisia, Algeria and Morocco.[1] In the 1940s, it invested in businesses such as Noilly-Prat, Raffineries Saint-Louis, EDF, and SNCF.[1]
In 1956, it opened branches in trucks, thus reaching more customers.[1] In 1968, it opened its first ATMs.[1] In 1982, it was nationalized.[1] It was on the Minitel in 1983, and its website was set up in 1995.[1]
In 1998, it was privatized again, and bought by the Crédit Commercial de France, owned by HSBC.[1] In 2001, online banking was added to the website.[1] In 2008, it was bought by Banque Populaire.[2]