No, Quontic operates as a national, digital bank which allows us to pass on the overheard cost savings from operating an expensive network of branches on to our customers in the form of lower fees, better rates or higher rewards.
Quontic is headquartered in Manhattan at 1 Rockefeller Plaza, New York City.
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. Shortly after, he rebranded the bank to Quontic Bank.
As of December 2019, Quontic has one brick-and-mortar location in Florida and three locations throughout New York with one more pending to open in 2020.