Quontic Bank has been named one of the Top 200 Healthiest Banks in America by DepositAccounts.com, a website that monitors and informs consumers of how well financial institutions perform.
Quontic Bank made the list at No. 88 of the 6,199 federally insured banks in the United States, according DepositAccounts.com. The website also gave Quontic Bank an “A+” health grade for its overall financial strength. The Astoria-based financial institution stood out in all of the primary evaluation categories, including capitalization, deposit growth and loan to reserve ratios, DepositAccounts.com said.
“This ranking shows that despite our relatively small size, Quontic Bank ranks among the top 2 percent of all federally insured banks in the entire country,” said Steven Schnall, chairman and CEO of Quontic Bank. “We are proud of this distinction.”
Each year, DepositAccounts.com evaluates the financial health of every federally insured bank in the United States. From the list of 6,199 banks, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its Top 200 Healthiest Banks in America.