Banque Adam, a well-established regional bank

Document

The archetype of a sound provincial bank, Banque Adam serviced the Northern region of France for 170 years.

Founded in Boulogne-sur-Mer in 1766, Banque Adam started out as a company commissioning and transporting arms, before diversifying into banking operations. Most of the bank’s business was with the municipal authorities of Boulogne and other market towns in the region, and it also forged ties with the leading Paris bankers such as Jean-Frédéric Perregaux.

The bank’s financing activities covered the Northern region of France, but it also maintained links with commercial centres abroad, including Dover and London, which ensured it a place at the heart of the European trading world. It benefited inter alia from the impact of the Eden Treaty, a trade treaty signed by France and Great Britain in 1786, and the Treaty of Amiens, which temporarily ended hostilities between the French Republic and Great Britain in 1802.

•    At the service of Napoleon’s army

When plans to invade Great Britain took shape and Napoleon’s Grande Armée encamped on the North Sea coast, Banque Adam saw its business expand substantially. The bank became a trusted intermediary of the Parisian banks that were financing the military operations. Its main activity was at that time to ensure the provision of supplies to the Boulogne army camp. When the invasion plans were abandoned in the summer of 1805 this brought an end to Banque Adam’s most prosperous period, and it reverted to operating as a small provincial bank, playing an important local, or at most regional, role.

•    Post Great War expansion

During the First World War, the bank’s then president, Félix Adam, who was also mayor of Boulogne, received a national decoration for his devotion to his customers. During the reconstruction years, Banque Adam played a major role in the region’s economic recovery. Between 1927 and 1930 the bank considerably expanded its reach and became one of the top regional banks, with 168 branches across 11 of France’s 100 or so administrative ‘départements’.

Banque Adam poster at Feuquières-en-Vimeu (Picardy, France)

Banque Adam poster at Feuquières-en-Vimeu (Picardy, France)

 

Then in October 1930, financial and stock market difficulties at Banque Oustric, a bank with which Banque Adam was associated, led it to suspend payments and the bank was restructured in 1931. Banque Adam was eventually taken over by Banque Nationale pour le Commerce et l’Industrie (BNCI) in 1937.

Close

Contact us / Send us a document

The personal data collected from the Site are subject to data processing by BNP Paribas to enable access to and use of the functionalities offered by the Site www.histoire.bnpparibas.
Pursuant to the French Data Protection Law No. 78-17 of 6 January 1978, you are entitled to access the data collected by BNP Paribas and to have it amended, updated or deleted, where such information is incorrect, incomplete or outdated. You can exercise this right by contacting: BNP Paribas – APAC TDC Val de Marne, TSA 30233- 94729 FONTENAY SOUS BOIS Cedex.

This website has a cultural and historical purpose; it is not intended to deal with trade and banking relationship issues which will not be processed.
If you have a document, a photo, a story about BNP Paribas history and want to share it, please do not hesitate to share it there.
In transmitting this document, you certify to own it and to hold the property rights needed for their use. You authorize BNP Paribas to use it on the website Source of History.
Thank you for indicate the origin of the documents and give us any information you consider relevant to its understanding.

Close

Suscribe to Well of History's newsletter

The personal data collected from the Site are subject to data processing by BNP Paribas to enable access to and use of the functionalities offered by the Site www.histoire.bnpparibas.
Pursuant to the French Data Protection Law No. 78-17 of 6 January 1978, you are entitled to access the data collected by BNP Paribas and to have it amended, updated or deleted, where such information is incorrect, incomplete or outdated. You can exercise this right by contacting: BNP Paribas – APAC TDC Val de Marne, TSA 30233- 94729 FONTENAY SOUS BOIS Cedex.

Close

Files download

I undertake to make private use of the contents downloaded from the website

OK
Close

You have added an item to your selection.

You can find your saved contents in the “My space” section, which can be accessed at the top right of any page of the website.

My space English A+ A-

To find this content on your next visit, you need to create an account from this section, by clicking on:

Fermer Welcome to

Well of History

Since 1822, history has made us a key player and a witness of transformations taking place in society and economy in Europe and around the world. We invite you to share in our story and explore our archives to learn more about our constantly changing world.
Jean Lemierre Jean Lemierre,
Chairman
of BNP Paribas