Société Marseillaise de Crédit

Société Marseillaise de Crédit is a bank in France.

The Société Marseillaise de Crédit was created in 1865 by Joseph Grandval, Victor Roux, Albert Rostand and Armand Bergasse. Its first Chairman was Jean-Baptiste Pastré. In 1880, its headquarters was built in Marseille 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, Gard, Vaucluse, Drôme, Aveyron, Pyrénées Orientales and Aude. In 1919, it spread to Tunisia, Algeria and Morocco. 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 nationalized. It was on the Minitel in 1983, and its website was set up in 1995.

In 1998, it was privatized again, and bought by the Crédit Commercial de France, owned by HSBC. In 2001, online banking was added to the website. In 2008, it was bought by Banque Populaire.

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