The Entrepreneurship and Innovation Center at the Warrington College of Business honored alumnus and Florida native Steven Schnall
Quontic Bank CEO Steven Schnall was named the 2018 Distinguished Alumni Entrepreneur by the University of Florida’s Warrington College.
The 51-year-old is a Clearwater, Fla. native and 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 with a home mortgage office in Coral Gables. Schnall purchased the skeleton of a failing bank in the wake of the 2008 credit crisis, recapitalized it, grew it to nearly $400 million in assets and expanded to the Miami market. Today, Quontic Bank consistently ranks in the top 10 percent amongst its peers, in terms of financial performance, offers personal and business banking, as well as home mortgages.
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 Clubs, 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 (NYSE) mortgage REIT 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 non-profit, 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 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.