Société Marseillaise de Crédit (SMC) is a bank in

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan area ...

History

The Société Marseillaise de Crédit was created in 1865 by Joseph Grandval, Victor Roux, Albert Rostand and Armand Bergasse.History
Marseille Info
Its first chairman was Jean-Baptiste Pastré. In 1880, its headquarters was built in

Marseille Marseille ( , , ; also spelled in English as Marseilles; oc, Marselha ) is the prefecture of the French department of Bouches-du-Rhône and capital of the Provence-Alpes-Côte d'Azur region. Situated in the camargue region of southern Fra ...

by Léon Verdier. Its first neighbourhood branch was opened in 1909. In 1913, it bought Banque du Sud-Est and the Comptoir Commercial d'Escompte du Midi, thus expanding all over Alpes-Maritimes,

Hérault Hérault (; oc, Erau, ) is a department of the region of Occitania, Southern France. Named after the Hérault River, its prefecture is Montpellier. It had a population of 1,175,623 in 2019.Gard,

Vaucluse Vaucluse (; oc, Vauclusa, label= Provençal or ) is a department in the southeastern French region of Provence-Alpes-Côte d'Azur. It had a population of 561,469 as of 2019.Drôme Drôme (; Occitan: ''Droma''; Arpitan: ''Drôma'') is the southernmost department in the Auvergne-Rhône-Alpes region of Southeastern France. Named after the river Drôme, it had a population of 516,762 as of 2019.

Aveyron Aveyron (; oc, Avairon; ) is a department in the region of Occitania, Southern France. It was named after the river Aveyron. Its inhabitants are known as ''Aveyronnais'' (masculine) or ''Aveyronnaises'' (feminine) in French. The inhabitants ...

, Pyrénées Orientales and Aude. In 1919, it spread to

Tunisia ) , image_map = Tunisia location (orthographic projection).svg , map_caption = Location of Tunisia in northern Africa , image_map2 = , capital = Tunis , largest_city = capital , ...

Algeria ) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , relig ...

and

Morocco Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria t ...

. In the 1940s, it invested in businesses such as Noilly-Prat, Raffineries Saint-Louis, EDF, and SNCF. In 1956, it opened branches in trucks, thus reaching more customers. In 1968, it opened its first ATMs. In 1982, it was nationalised. It was on the

Minitel The Minitel was a videotex online service accessible through telephone lines, and was the world's most successful online service prior to the World Wide Web. It was invented in Cesson-Sévigné, near Rennes in Brittany, France. The service w ...

in 1983, and its website was set up in 1995. In 1998, it was privatised again and bought by the

Crédit Commercial de France The ''Crédit Commercial de France'' (CCF, "Commercial Credit ompanyof France") is a commercial bank in France, founded in 1894 as the ''Banque Suisse et Française'' and renamed to CCF in 1917. By the end of the 1920s, it had grown to be the six ...

, owned by HSBC. In 2001,

online banking Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial ins ...

was added to the website. In 2008, it was bought by

Banque Populaire Groupe Banque Populaire ("People's Bank") was a French group of Cooperative banking, cooperative banks. The central entity was controlled by 15 independent regional banks and also operated under the CASDEN and the Crédit Coopératif subsidiaries. ...

. It was sold to

Crédit du Nord is a French retail banking network. It consists of the following banks: * , Toulouse, Aquitaine (oldest existing bank in France, founded in 1760) * , Alsace, Lorraine * , Savoy * , Massif Central * , Lyon * , Limoges * , Marseille * itself in t ...

(a member of the

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

group) in 2010. Since then, all Credit du Nord agencies in the south of France became Société Marseillaise de Crédit, and the northern agencies of SMC are now Crédit du Nord. The first cash dispenser in France was opened in Marseilles at the head office of SMC in 1968.

References

External links

Official website
Companies based in Marseille Société Générale {{France-bank-stub