CORAL GABLES, FLA. — The New York City-based bank doubles down on South Florida.

Quontic Bank, having outgrown its home mortgage office in Coral Gables, Fla., has expanded to a larger space in downtown Coral Gables.

The New York City-based financial institution’s new loan production office at 2121 Ponce De Leon Blvd. will originate mortgage loans serving customers across South Florida. This expansion into downtown Coral Gables will serve to continue Quontic Bank’s focus on offering niche portfolio real estate lending solutions, including residential mortgages, commercial mortgages and reverse mortgages.

Located in Coral Gables’ vibrant business corridor, Quontic Bank’s new location means greater visibility and improved customer service.

“By moving to a larger location in Coral Gables, we will be better able to serve our customers, add to the economy and create jobs,” said Steven Schnall, chairman and CEO of Quontic Bank.

“Economic indicators point to a bright future for South Florida and we’re happy to increase our investment in our community by moving to a bigger space.”

The new Coral Gables office occupies the third floor of a 12-story, multi-tenant office building. At roughly 1,700 square feet, the Coral Gables office boasts 30 percent more space than its South Dixie Highway location. It will have nearly twice as many desks and private offices too.

“We opened our home mortgage office in South Florida five years ago and simply outgrew the space,” said Ray Duran, regional sales manager at Quontic Bank.

“Over the years, we’ve helped thousands of families in the Miami metro realize the dream of homeownership. By moving to a larger space, we’ll be better equipped to serve even more Floridians in the years to come.”

The Coral Gables location will employ roughly a half dozen employees, including five loan officers and two mortgage operations professionals.

The new address for Quontic Bank’s Miami loan production office will be:

2121 Ponce De Leon Blvd., Suite 300, Coral Gables, FL 33134

All of Quontic Bank’s phone numbers and fax numbers will remain the same.