The CEO of Quontic Bank in New York has died.
Steven Schnall died in a motorcycle accident on the way back from a biking trip to Canada, several media outlets reported. George Lazaridis, a co-founder of the $872 million-asset bank, was named interim CEO.
Schnall created Quontic after buying, recapitalizing and rebranding Golden First Bank. He then turned Quontic into a digital-focused bank.
Quontic was the first U.S. bank to launch a debit card with bitcoin rewards. And earlier this year it opened a metaverse outpost.