Société Marseillaise de Crédit (SMC) is a bank in

France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

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 (; ; see #Name, below) is a city in southern France, the Prefectures in France, prefecture of the Departments of France, department of Bouches-du-Rhône and of the Provence-Alpes-Côte d'Azur Regions of France, region. Situated in the ...

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 Alpes-Maritimes (; ; ; ) is a Departments of France, department of France located in the country's southeast corner, on the France–Italy border, Italian border and Mediterranean Sea, Mediterranean coast. Part of the Provence-Alpes-Côte d'A ...

Hérault Hérault (; , ) is a departments of France, department of the Regions of France, region of Occitania (administrative region), Occitania, Southern France. Named after the Hérault (river), Hérault River, its Prefectures in France, prefecture is M ...

Gard Gard () is a department in Southern France, located in the region of Occitanie. It had a population of 748,437 as of 2019;Vaucluse Vaucluse (; 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 (; ) is a Departments of France, department in the Regions of France, region of Occitania (administrative region), Occitania, Southern France. It was named after the river Aveyron (river), Aveyron. Its inhabitants are known as ''Aveyro ...

, Pyrénées Orientales and

Aude Aude ( ; ) is a Departments of France, department in Southern France, located in the Occitania (administrative region), Occitanie Regions of France, region and named after the river Aude (river), Aude. The departmental council also calls it " ...

. In 1919, it spread to

Tunisia Tunisia, officially the Republic of Tunisia, is a country in the Maghreb region of North Africa. It is bordered by Algeria to the west and southwest, Libya to the southeast, and the Mediterranean Sea to the north and east. Tunisia also shares m ...

Algeria Algeria, officially the People's Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. It is bordered to Algeria–Tunisia border, the northeast by Tunisia; to Algeria–Libya border, the east by Libya; to Alger ...

and

Morocco Morocco, officially the Kingdom of Morocco, is a country in the Maghreb region of North Africa. It has coastlines on the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to Algeria–Morocc ...

. In the 1940s, it invested in businesses such as Noilly-Prat, Raffineries Saint-Louis, EDF, and

SNCF The Société nationale des chemins de fer français (, , SNCF ) is France's national State-owned enterprise, state-owned railway company. Founded in 1938, it operates the Rail transport in France, country's national rail traffic along with th ...

. 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, officially known as TELETEL, was an interactive videotex online service accessible through telephone lines. It was the world's first and most successful mass-market online service prior to the World Wide Web. It was developed in Ces ...

in 1983, and its website was set up in 1995. Between 1989 and 1992, Denis Bonnasse sold his brokerage firm to Société Marseillaise de Crédit, which transferred control of the Marseille-based brokerage firm Blisson Bonnasse to Banque Pallas. In 1998, it was privatised again and bought by the

Crédit Commercial de France The ''Crédit Commercial de France'' (, "Commercial Credit ompanyof France", abbr. CCF) 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 b ...

, owned by

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

. In 2001,

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

was added to the website. In 2008, it was bought by Banque Populaire. It was sold to Crédit du Nord (a member of the

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

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 French companies established in 1865 {{France-bank-stub