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FOR IMMEDIATE RELEASE
August 28, 2017

QUONTIC BANK MAKES INC. MAGAZINE'S FASTEST-GROWING PRIVATE COMPANIES LIST

The New York City-based bank named the 4,166th fastest-growing private company in the U.S.

NEW YORK—Inc. magazine today ranked Quontic Bank No. 4,166 on its 36th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

“Quontic Bank started with a single location in New York and has recently grown its locations to six states. To be named among Inc. 5000’s fastest growing companies, out of six million companies nationwide, is a special honor for us," said Steven Schnall, chairman and CEO of Quontic Bank. "At our core, we're still a community bank focused on providing the best customer service possible to our community. This recognition is not only proof our concept works, but a testament to the hard work and enthusiasm of all Quontic Bank employees."

The 2017 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year average growth of 481%. The Inc. 5000’s aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

"The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive,” said Eric Schurenberg, president and editor-in-chief of Inc. “The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking and vision were the keys to their success and I believe them.”

The annual Inc. 5000 event honoring all the companies on the list will be held from October 10 through 12, 2017 at the JW Marriott Desert Springs Resort & Spa in Palm Desert, Calif. Speakers include some of the greatest entrepreneurs of this and past generations, such as former Ford president Alan Mullaly, FUBU CEO and founder and “Shark Tank” star Daymond John, Dollar Shave Club founder Michael Dubin, researcher and #1 New York Times bestseller Brené Brown, and Gravity Payments’ founder and CEO Dan Price.

For more information about Inc. and the Inc. 5000 visit: http://www.inc.com/inc5000.

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Methodology

The 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2013 is $100,000; the minimum for 2016 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

About Quontic Bank

Headquartered in New York City, Quontic Bank is a Member FDIC community bank that's intensely customer focused and relationship driven. Through a growing network of branches and loan production offices, we provide a full suite of competitively priced deposit products, residential and commercial mortgages and small business loans, as well as leading-edge tools that give you convenient access to your money! Learn more at QuonticBank.com.

Media contacts

Quontic Bank
Drew Sandholm
718-215-4061

Inc. Media
Drew Kerr
212-849-8250

Disclosure: This is intended for news media professionals only. This material & information provided herein is for general information only & should not be relied upon.

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