So private pawn or pledge houses had proliferated that did profuse businesses, until the municipal public power tried to control them with little success.
The December 11, 1893 Floduardo Grandoli, sons of two ancient families of the city, assumed the Intendance of Rosario and he fully attacked the problem of usury. He raised to the consideration of the Municipal Commission, which served as the Deliberative Council, the proposal of create a public mound.
In his recitals, the mayor gives an account of the situation: on the one hand, the loan houses that “are nothing other than usury centers” Y “safe haven of stolen items”, And on the other, who provides their services, is “goaded by need”, and often “to satisfy the urges of hunger.”
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Thus, by municipal ordinance, February 1, 1895, the Organic Charter of the Municipal Bank of Loans and Savings Bank was created. that It opened its doors the same day but a year later, in 1896, with facilities in San Juan 755/63. The house was rented from Juan Cafferata in an area of great commercial development.
The project had its detractors between councilors and the president of the legislative body, Gregorio Machain, the local press and the representative of foreign creditors. Was the Councilor Eudoro Díaz who defended the project in the Commission.
As Juan Álvarez points out, in his “History of Rosario”, the creation of the Municipal Bank constituted a “certain death blow to the usurers that profited scandalously with the pledge contract “.
Was the Mayor Alberto J. Paz, who had assumed local power on February 19, 1895, who appointed the first board and presided over the opening of the entity. That first day They were opened four savings banks and they were granted five loans pledges.
Other houses
In 1899 the bank moves to another rented house, this time to Héctor Castagnino, in San Martín 1176/82. In 1903 the purchase of a downtown plot is decided and in 1905 the deed of Sarmiento 1350 for the construction of first own building from the bank. There it will move on March 31, 1909, constituting an “unavoidable milestone” for the city. This building will be expanded and remodeled in 1918, 1928 and 1943, and later, in 1981, the Command of the II Army Corps will operate there. Today it is unoccupied.
The first years were of great momentum and in 1912 the entity already received deposits in savings bank, checking accounts and fixed terms.
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Original copies of the 1934 and 1940 Organic Letters of the bank are preserved in the Archives of Diario La Capital.
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La Capital Newspaper / Sebastián Suárez Meccia
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May 14 1940, by ordinance no. 31, the mayor Alberto Baraldi has its name change for the current one and is renamed Municipal Bank of Rosario.
For its fiftieth anniversary the bank has its headquarters in Sarmiento street and two branches. One was in the El Porvenir Refinery Market that would move to Salta 3041 first and to own property in Jump 2760 then. And another in the Echesortu neighborhood in Mendoza 3987.
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The San Martín 730 building under construction in January 1986, which will be inaugurated on November 21.
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La Capital Daily Archive
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Expansion of the client portfolio and operations which included both the popular sectors and the city’s businesses and industries, and its foreign trade branch, made the bank need a modern and updated headquarters for the new times. As a result of its institutional stature, the November 21, 1986 the Municipal Bank inaugurates its current building the central house of San Martin 730.
Today the Municipal Bank of Rosario is a autarkic entity and financial agent from Municipality of Rosario, have 14 branches in the cities of Rosario, Santa Fe and San Lorenzo, and a hundred ATMs in eight towns in the province. Today the directory of the Municipal Bank of Rosario It is made up of Sebastián Azerrad, Patricia Cosgrove, Adrián Giacchino and José Barraza. The general manager, meanwhile, is Ana María Bonopaladino.
With pride for all Rosario residents, the Municipal Bank of Rosario is today the only public bank in the province of Santa Fe and the only municipal bank in Argentina.
The celebration
The institution plans to start its year of celebration for his 125th anniversary this Monday at Monument to the flag where political authorities and the bank will participate in the raising of the national flag. Later in the auditorium of the entity will carry out an act of recognition of senior employees and former bank presidents from democracy. The meeting will have a strict Covid protocol and will be transmitted via streaming by the Youtube channel of the Municipal Bank. Then there will be a conversation internal with the authorities, union delegates and employees.
Within the framework of the festivities, a special mark, ephemeral, commemorating 125 years and the change can already be seen in the vertical garden of the building of the central house in the pedestrian San Martín. The logo will be used for all institutional communication during this year.
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