Ethan Fieldman and Steven Schnall
Steven Schnall (right) and Ethan Fieldman (left) were both honored.

Warrington alumni receive entrepreneurship awards

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The Entrepreneurship and Innovation Center at the Warrington College of Business honored two successful alumni with prestigious awards.

Steven Schnall (BSBA ’89) was named the 2018 Distinguished Alumni Entrepreneur, and Ethan Fieldman (BSBA ’03) was named the 2018 Emerging Alumni Entrepreneur.

Schnall, 51, is a 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 federally chartered, civically focused bank located in New York City. Schnall purchased the skeleton of a failing bank in the wake of the 2008 credit crisis, recapitalized it, and grew it to nearly $400 million in assets. Quontic Bank is now a mortgage-centric community bank which originates residential and commercial real estate and business loans and consistently ranks in the top 10% amongst its peers in financial performance. Quontic is a US Treasury designated Community Development Financial Institution (CDFI) due to its commitment to lending in underserved communities.

Mr. Schnall also presently serves as CEO/owner of Realmor Capital, a real estate investment and development firm focused on both the luxury and emerging NYC markets, such as Tribeca and Harlem, respectively.  He is also Chairman and co-owner of Fit Athletic Clubs, a growing luxury health and fitness enterprise with five locations in southern California.

Prior to launching the above ventures, Mr. 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 dotcom 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.

Fieldman is the founder and president of Study Edge, Tutor Matching Service, and several other ventures (which currently employ more than 30 full time people and over 100 part-time people).

In 2010, he won the inaugural Cade Prize for Innovation (named for Dr. Robert Cade, the inventor of Gatorade). In 2012, Fieldman was invited to the White House as part of the Empact100, the top 100 entrepreneurs age 30 or younger. He serves as Board Chair of the northcentral Florida region of the State’s workforce development system, and on the statewide board of Take Stock in Children.

With more than 10,000 college students paying a monthly fee for supplemental education, Fieldman and his ventures have helped more than one million students reach higher academic achievement, through in-person and online tutoring. In addition, Fieldman’s company Algebra Nation, in conjunction with the UF College of Education and $4 million in annual funding, is helping to reach hundreds of thousands of students working with state governments in Florida, Mississippi, Michigan, South Carolina and New York City.

About Quontic Bank

Quontic Bank is a Member FDIC bank, headquartered in New York City and located in a growing number of states. We offer everything from checking and savings accounts to small business loans and home mortgages, as well as online and mobile banking. Our goal is to provide 5-star customer service while making banking easy and the mortgage process hassle-free. Learn more at www.quonticbank.com.