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Quontic Bank is a Community Development Financial Institution (CDFI)

Quontic Bank is designated a Community Development Financial Institution (CDFI) by the U.S. Treasury—a designation that we work hard to uphold.

Since our founding, we’ve made it our mission to promote economic development, job creation, business development, affordable housing, financial literacy and philanthropic support to underserved people and economically distressed communities.

What's a CDFI? Learn more from the U.S. Treasury CDFI Fund.

To that end, we:

  • Donate our time and resources. Members of our leadership team serve on a variety of non-profit boards and merchant associations. From supporting children’s and healthcare organizations and promoting financial literacy education to students and seniors to sponsoring holiday food drives, we donate our time and leverage our resources to do all we can to make our neighborhoods better places to live and work.
  • Purposefully direct banking services and lending to underserved communities, low- to moderate-income consumers and minority populations. Historically, approximately 60 percent of the bank’s financial product activity has fallen into one of these categories. We strive to maintain at least that concentration.
  • Work to make credit affordable and accessible to small businesses. We offer a suite of flexible lending solutions to underserved small businesses in the markets in which we operate.

U.S. Department of Treasury Certified CDFI
Financial Institutions fostering community growth

Want to know more about our CDFI designation or efforts in the community? Contact us.

Quontic Bank received the 2017 America Saves Designation of Savings Excellence for its extraordinary efforts during America Saves Week, a national campaign to promote savings among low-to-moderate income individuals and underserved communities.

Quontic Bank regularly hosts free talks and seminars on various topics to empower our community. Pictured, Quontic Bank senior loan officer Abdul Rehman holds a First-Time Homebuyers Seminar with real estate agent Marco Gobbo and real estate attorney Robin D'Elia.


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