To begin with the House of Inchauspé specialises in the cloth trade.

It was Jean-Léon INCHAUSPE, born in 1853, who founded the banking dynasty, the generations of which have handed on the will to act in the interests of the economic expansion of their region.

It all began during the second half of the 19th century. At this time the Pyrenean frontier existed but customs duty did not. Trading in textile products from the River Adour to the River Ebre and supplying red berets to the Bourbon armies, or "Carlistes", Jean-Leon INCHAUSPE had to adapt his business to strong demands. He formed a distribution network for textile products in Navarre on both sides of the Pyrenees, having large quantities of fabric manufactured in the north of France. From the very beginning, Jean-Leon INCHAUSPE's enterprise had a "House spirit".

In fact at this time in Navarre, as in all the Basque Country, enterprises did not bear the name of its director, but that of "House" which harbored the commercial or traditional craft activities. At Saint Jean-Pied-de-Port, where Jean-Leon INCHAUSPE's enterprise started, the house bore the name of "Cherbacho", derived from the Basque " Zer behauzu ", which can be translated as What do you need "

Trust allows the first loan transactions to be carried out.

Then, to this nation of adventurers, came the urge to conquer new territories on the other side of the Atlantic.
To emigrate to virgin lands full of promise for the future and of possible riches - such was the state of mind at the beginning of the century. Until 1914 the countries of South America were the preferred destination, then later emigration was towards California.
To depart to this Eldorado beyond the Ocean was a dream that needed financing. With Jean-Leon INCHAUSPE, still trading in textiles, the contracts were simple and already based on reciprocal trust: advance the money to pay for the journey on the promise of repayment once the emigrants had made their fortune in the "Americas".
This trust was equally extended to the clients in his traditional activity: trading. Which naturally led to the creation of "client accounts". These implied terms of payment and interest, which, more often than not, were settled with the raw material that this rural clientele worked: sheep's wool.

The House of INCHAUSPE therefore created a wool-reprocessing factory on the outskirts of Saint Jean-Pied-de-Port