Quontic CEO dies in motorcycle accident

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.

"For decades, and especially since founding Quontic in 2009, Steve was a charismatic leader who inspired progress, got results, and managed to have fun along the way,” Lazaridis said in a statement. “He will be greatly missed." 

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.