Groupe Banque Populaire ("People's Bank") was a French group of cooperative banks. The central entity was controlled by 15 independent regional banks and also operated under the CASDEN and the Crédit Coopératif subsidiaries. In 2006, Groupe Banque Populaire created Natixis with another French cooperative banking group, Groupe Caisse d'Epargne, to which they brought Banque Populaire's

Natexis Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of '' Natexis Banques Populaires'' (Banque Populaire group) and ''IXIS'' (Groupe Caisse d'Epargn ...

and Caisse d'Epargne's IXIS Corporate and Investment Bank. In 2009, Banque Populaire and Caisse d'Epargne merged to form

Groupe BPCE Groupe BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth largest b ...

Merger

In October 2008 the group announced plans, since approved by the

French government The Government of France (French: ''Gouvernement français''), officially the Government of the French Republic (''Gouvernement de la République française'' ), exercises executive power in France. It is composed of the Prime Minister, who i ...

, to merge with Groupe Caisse d'Epargne. The companies merged in 2009 to form the Groupe BPCEJolly, David
Parent of French Bank Agrees to Guarantee Troubled Assets.
''

New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

.'' 26 August 2009. and retain their separate retail banking brands and

branch A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually ...

networks. Banque Populaire's

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

Philippe Dupont has been nominated to head the enlarged company. As of December 2008, Banque Populaire had: * 3,460,000 shareholders * 9,400,000 customers * 3,391

branches A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually r ...

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 ...

* a 70 countries presence

References

External links

Groupe Banque Populaire Caisse d'EpargneBanque Populaire website (in french)
Banks established in 1878 BPCE {{bank-stub