Quontic Bank is bank based in the United States with headquarters in the Astoria, Queens neighborhood of New York City and locations in six states. Though the bank offers traditional branch, in-person banking, it has gained media attention for its mobile banking app, home loans and reverse mortgages.
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History
In late 2009, real estate developer and entrepreneur Steven Schnall bought Golden First Bank, a small, troubled bank in Great Neck, New York with $24 million in assets. Terms of the sale allowed Schnall to buy the bank with a clean balance sheet. Schnall assembled a new team, injected fresh capital and renamed it "Quontic Bank." In March 2011, Quontic Bank opened a second branch in the Astoria, Queens neighborhood of New York City Later in 2011, it shuttered the Great Neck location and officially moved its headquarters to Astoria. Quontic Bank continues to operate a four-story headquarters and bank branch in Astoria. As of November 2017, it has brick-and-mortar locations in six states, including Florida, Georgia, Indiana, Massachusetts, New York and Virginia.
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'Quontic' name, definition and etymology
Quontic is a neologism defined by Schnall as "real quality." The word consists of two parts: Qu-, meaning quality, and ontic, which comes from the Greek ("of that which is") and is defined as physical, real or factual existence.
Locations
New York
Quontic Bank was founded in New York and headquartered in the Astoria, Queens neighborhood of New York City. The Astoria location has a full-service branch and home mortgage office, which has gained media attention for its lending to Queens' large immigrant community.
Quontic Bank operated a home mortgage office in Jericho, Long Island before moving to Melville in October 2016.
Florida
Quontic Bank operates a home mortgage office in Coral Gables, a city southwest of Downtown Miami.
Georgia
Quontic Bank has a home mortgage office located just outside of Augusta in Evans, Georgia.
Indiana
Outside of its Astoria headquarters, Quontic Bank's home mortgage office in Carmel, Indiana is its largest location in terms of size and number of employees.
Massachusetts
Quontic Bank has a home mortgage office in Greater Boston.
Virginia
Quontic Bank operates a home mortgage office in Fairfax, Virginia, a city in Northern Virginia and part of the Washington metropolitan area.
References
External links
- Quontic Bank website
Source of the article : Wikipedia
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