A CDFI's Digital Ambitions

American Banker
Friday, July 5, 2019

A Q&A with Steven Schnall, the CEO of Quontic. Quontic is a community development financial institution that specializes in residential mortgages and has its main branch in the Astoria section of New York; it has branches in three other cities, too. Schnall's vision for the bank is ambitious but clear: Move its corporate office to a higher-profile location in Manhattan — and make it a digital bank.