Our History From Small Beginnings to a National Brand In 2009, Steven Schnall purchased Golden First Bank with the vision to create a financial institution built upon a solid foundation of excellence and service. Upon acquisition, Schnall gathered a new team of experts, invested fresh capital, and renamed the institution Quontic Bank, meaning “real” quality. Quontic became a CDFI in 2016 and recognized this as a momentous opportunity to serve the underbanked and perpetuate its vision of providing excellent service. In 2018, Quontic expanded its vision even further by rebranding itself as Quontic, the Adaptive Digital Bank®, with a focus on using technology to elevate the financial strength of its customers. Now headquartered in Manhattan, New York, Quontic continues to spread its high standards, exceptional customer service, and caliber around the nation.