FOR IMMEDIATE RELEASE
April 30, 2018
QUONTIC BANK CEO RECEIVES ENTREPRENEURSHIP AWARD FROM UNIVERSITY OF FLORIDA
The Entrepreneurship and Innovation Center at the Warrington College of Business honored alumnus and Quontic Bank CEO Steven Schnall
NEW YORK-Quontic Bank CEO Steven Schnall was named the 2018 Distinguished Alumni Entrepreneur by the University of Florida's Warrington College.
Schnall is a serial entrepreneur with a passion for business startups and a track record of successful ventures across a variety of industries. He is the CEO, chairman and controlling shareholder of Quontic Bank, a Member FDIC bank and Inc. 5000 company headquartered in New York City. Schnall purchased the skeleton of a failing bank in the wake of the 2008 credit crisis, recapitalized it, and grew it to nearly $400 million in assets. Today, Quontic Bank consistently ranks in the top 10 percent amongst its peers, in terms of financial performance. It offers personal and business banking in the New York City area, as well as home mortgages nationwide.
Schnall also presently serves as CEO/owner of Realmor Capital, a real estate investment and development firm focused on both the luxury market in New York City. He is also chairman and co-owner of Fit Athletic, a chain of high-end gyms in Southern California.
Prior to launching the above ventures, Schnall was founder, CEO, president and chairman of New York Mortgage Trust, Inc., which he grew from a startup to a publicly traded (on the New York Stock Exchange) mortgage real estate investment trust and national mortgage banking company with nearly 1,000 employees in 65 branch offices in 25 states and $1.5 billion in assets. With a keen eye on the housing and financial markets, he sold the lending business in February 2007, in advance of the impending credit crisis.
Schnall also co-founded Restaurant.com during the early days of the dot-com boom and grew it to nearly $100 million in annual revenue at its peak. He is also a founding director of Urban Angels, a non-profit which nourishes the homeless and serves more than 100,000 meals per year. Schnall is also a director of The Arthur Project, a nonprofit, which addresses, through youth mentoring, a chronic lack of opportunity, guidance and feelings of self-worth needed to optimize their potential during the formative middle school years.
He also a member of the Independent Community Bankers Association, Young President’s Organization, World President’s Organization and the New York League of Independent Bankers.
Schnall is a 1989 graduate of the University of Florida's Warrington College of Business.
About Quontic Bank
Quontic Bank is a Member FDIC bank, headquartered in New York City and located in a growing number of states. We offer everything from checking and savings accounts to small business loans and home mortgages, as well as online and mobile banking. Our goal is to provide 5-star customer service while making banking easy and the mortgage process hassle-free. Learn more at www.quonticbank.com.