First, the German invasion forced some regional banks to move their headquarters. This was the case of the Ardennes regional bank, for example: its managing director, Louise Tallerie, evacuated at the beginning of the war and took the bank\u2019s accounting ledgers with her to protect them. It was only when the armistice was signed in 1940 that she returned to Charleville-M\u00e9zi\u00e8res and could restart the regional bank\u2019s activity to meet farmers\u2019 needs.<\/p>\n
At the national level, the separation of France into the free zone and the occupied zone obliged the Caisse Nationale to open a branch in Vichy to be able to meet the needs of the regional banks in the south of the country.<\/p>\n
\u00a0<\/p>\n
5-year note issued by the Caisse Nationale de Cr\u00e9dit Agricole (1942).<\/p>\n
During the war, in 1942, 5-year notes were created: bonds issued by the Caisse Nationale and placed with the public by the regional banks to finance loans for the reconstruction and modernisation of farms. These were very successful for many years.<\/p>\n
The money raised was used, for example, to finance new preferential-rate loans made available to young farmers from 1946 to enable them to acquire property, livestock or machinery.\u00a0
This assistance to help young people start out in farming put Cr\u00e9dit Agricole at the forefront of the fight against rural exodus.<\/p>\n
The end of the war allowed Cr\u00e9dit Agricole to return to its pre-war structure. However, the regional banks wanted to have more influence on the institution\u2019s overall operations. The F\u00e9d\u00e9ration Nationale du Cr\u00e9dit Agricole was therefore created in 1947. This \u201cparliament of the regional banks\u201d made them stronger in their relations with the government and its representative, the Caisse Nationale. The regional banks gained a bigger voice and greater influence on Cr\u00e9dit Agricole\u2019s policies.<\/p>\n
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