Talabot came to have an influential role in the bank. The bank was financially involved with some of the businesses created by Paulin Talabot, the Railway and canal engineer. In 1871, Société Générale moved into the public French issues market with a national debenture loan launched to cover the war indemnity stipulated in the Treaty of Frankfurt. Īt the beginning, the bank used its own resources almost entirely for both financial and banking operations. It set up a permanent office in London in 1871. By 1870, the bank had 15 branches in Paris and 32 in the rest of France. Coverage of France went ahead at a steady rate. The company started to hire employees and establish offices. The bank's first chairman was the prominent industrialist Eugène Schneider, followed by Edward Charles Blount. It's full name was Société Générale pour favoriser le développement du commerce et de l'industrie en France ("General Company to Support the Development of Commerce and Industry in France"). The bank was founded by a group of industrialists and financiers during the Second Empire, on May 4, 1864. First headquarters built by Société Générale at 56, rue de Provence in Paris
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