By Janee Law
New York City-based financial institution Quontic Bank has expanded and moved to Melville.
The bank announced last week that it outgrew its home mortgage office in Jericho and has expanded to what is a larger space in Melville at 425 Broadhollow Road.
With the move to the new location, which officially opened on Oct. 3, Quontic also plans to hire nearly a dozen new employees, including seven loan officers and two mortgage operations professionals. In the upcoming months, Drew Sandholm, marketing director, said Quontic plans to hire a total of 18-20 employees.
The new loan production office provides improved customer service and greater visibility by continuing Quontic’s focus on offering niche portfolio real estate lending solutions, including residential, commercial and reverse mortgages.
Steven Schnall, chairman and CEO of Quontic Bank, said “the Melville-Route 110 corridor is a hub for business in Long Island.”
He continued, “Businesses both big and small call it home. Being located where many of our clients already work means we’ll be able to provide an even greater level of convenience and service.”
Quontic’s Jericho office, which was located at 333 Jericho Turnpike, opened in January 2013 and closed on Sept. 30.
Now, Quontic occupies the third floor of the four-story, multi-tenant office building in Melville. With twice as many desks and private offices, the Melville location at nearly 5,858 square feet boasts 40 percent more space than the Jericho location.
The new business development manager of Quontic Michael Bocelli said, “We began building our lending relationships in Long Island about three years ago, and we’ve grown to where we needed more space and an updated building to better service customers.”
Editor's note: Quontic Bank plans to hire nearly a half dozen new employees.
An earlier version of this story stated that it had already made those hires.