Tag Archive: Quontic Bank

Dec 14 2012

Banking With Quontic Will Help Your Campaign

Vice President Michael Serao of Quontic Bank specializes in political candidates banking needs.

Many candidates have always asked my advice on where to do their campaign banking and my answer has always been Quontic Bank.

Navigating the quagmire of campaign finance regulations is not an easy task, and some will say it’s near impossible. Without the right expertise the fine print is often overlooked, which could lead to costly fines and penalties – even disqualification from matching funds. What can a campaign do? Corporate banks are notorious for being impersonal and are not equipped to handle the special needs of political banking in New York City. Could you imagine a representative from Citigroup or J.P Morgan taking calls at midnight? Or showing up to your fundraiser to ensure compliance with federal, city, and state law? What if there’s an emergency, do you have your corporate banker’s cell phone number? With the hectic pace of politics, corporate culture can be too impersonal, often impractical to reach campaign goals and more often than not becomes an unwelcome distraction rather an asset. Quontic Bank has taken a unique approach to fill this need with one-on-one personalized banking especially suited for the needs of political candidates and organizations.

When candidates bank with Quontic, they will have confidence that their specialized and attentive staff is extremely well versed in NYC campaign finance, which sets them apart from competitors. Their staff will work directly with your treasurer and will even come to your fundraiser to ensure compliance with your contributions. But Quontic is not just for veteran politicians (whom often retain them after victory) first time candidates and organizations have also come to appreciate the personal interaction, real service, and a masterful knowledge of the field that Quontic staff like Vice-President Michael Serao brings to each one of his clients. It’s the type of advantage you need to win. Civic and advocacy groups like 501 c(3)’s and 501c(4)’s will also benefit from banking with Quontic. Perhaps you are in charge of a prestigious non-profit group, a political action committee, or just a startup organization. Maybe it’s time to entrust your banking needs to someone with experience in this field. So, when you’re gearing up for the big one in 2013 and you want a fighting chance; don’t let banking become a roadblock for your campaign. Call Quontic today. With two convenient locations in Astoria and Great Neck plus surcharge free ATM’s, insiders agree, Quontic is the clear choice for banking in politics.


Contact: Michael Serao, regional manager / vice president.

31-05 Broadway Astoria, NY 11106

Main: 718-215-4000

Direct: 718-215-4002

Fax: 718-215-4050


Permanent link to this article: https://queens-politics.com/2012/12/candidates-should-bank-with-quontic/

Oct 18 2011

Meet Michael Serao, QP’s 2011 Man of the Year

Michael Serao is named Queens-Politics Man of the Year and for good reason.

Do you know Michael Serao? You should.


Michael Serao is the man you never heard about. He is a pillar of Queens society. Michael is not a politician, although he’s been encouraged to run on many occasions. Rather, Michael is a civic-minded citizen, a businessman, a Democrat, a friend that liberally shares his success with a profusion of charitable organizations – and yet – asks for nothing in return.

Michael was not born into wealth, he made his own. He’s the kind of guy that rose up from his bootstraps and unlike many others; Michael never forgot where he came from.

His best friend, Chrissie Candela who has known Michael for over 25 years said he’s one of the best guys you’ll ever meet in your life.

“My mom was sick and she couldn’t get to the bank and Michael came to my house and opened all the accounts.”

But its not about business says Michael “It’s about friendship.”

Candela told a story of a dire moment in her life. During the torrential Flushing floods of 2006 – when her house flooded with three feet of sewage – Michael came to the rescue.

“My basement was in ankle high in shit water and I freaked out no one was home so I called Michael and he came over with cleaning equipment and Clorox.”

Antoinette Rivera of Bayside believes it’s Michael’s sense of determination that compliments the deep content of his character.

“Michael is a unique person that never turns anyone down. The odd thing is that it began at a young age. He’s a positive guy. I love him and he’s good to be around. He goes for the gusto,” she said.

I’m also proud to be a friend of his. Michael and I grew up in the same neighborhood and share a number of close friends in common. The neighborhood wasn’t an easy place to grow up. Scratch the surface and underneath the veneer of a working class neighborhood you’ll find the enduring pitfalls of chaos: drugs, gangs, and violence. It’s the type of environment that cast an iron mold of successful men. Michael is one of them.

City Council Member Dan Halloran and my friend Michael Serao, VP Quontic Bank and Treasurer of the Bayside-Whitestone Lions Club at the Community Service Awards Night in the Adria Hotel.

Michael’s kindness is something I experienced first hand.   In 2011, he made it a point to check up on me when my mother was in the hospital. He was one of only people that for no other reason than being a true friend, showed the true colors of his munificence.

Michael was there for me, in my time of need. It was an act of kindness that I will never forget.

Serao is a rising star amongst political insiders, although he is adamant about never running for office.

“Running for office? Absolutely not, [but] I will support candidates I believe in and that’s it,” Michael said.

In lieu of a campaign for public office, Michael has turned to philanthropy by offering grants and community scholarships to local students.

The Serao-Bench Scholarship will be presented to the Bayside-Whitestone Lions Club. It is a venture Michael hopes will make a difference in the life of young students.

“In an economy that has suffered to severely, I am blessed that my partner and I are in a position where we can help and make a difference,” Michael said.


Michael is very active in the LGBT community, in fact he is the LGBT community. Michael has served as President of the Western Queens LGBT Democratic club.  In addition to donating $50,000 of his personal finances last year, Michael has confident plans for the future. He began The Michael Serao and Jonathan Bench Foundation in which he plans to donate over $250,000 to various community groups.

Currently, Michael is the Vice-President of Quontic Bank and also a NYC Commissioner of Deeds. He transferred from JP Morgan Chase to work in a bank with strong ties to the community. Michael was fed up with corporate culture.

“I worked for corporate banks and I got tired of the nonsense, so I moved to a truly community bank,” said Michael.

Michael shares the love. He is involved in so many organizations and his compassion is recognized by so many; I had to put them in a list. Most recently he was unanimously voted onto the Board of Directors for QSAC where he received the QSAC 2011 Community Service Award:

Michael is engaged to his partner Jonathan Bench. They will be married in September at Leonards of Great Neck. Over 250 guests are expected to attend.

 Awards include:

Michael’s business acumen has been recognized throughout Queens. He is the recipient of the The Business Leadership Award from Queens Borough  President Helen Marshall  The HX Magazine Business Man of The Year, The Powahattan Democratic Club Business Leadership Award, and  2007 Man of the Year Long Island City Knights of Columbus.

Affiliations include:

  • Board Director Astoria LIC Kiwanis.
  • President of the Ditmars Merchants Association.
  • Board Member Sharing and Caring.
  • Advisory Board Member to Immaculate Conception school.
  • Chairman of the Astoria Park Relay for Life.
  • Charter member Bayside-Whitestone Lions International, Treasurer.
  • Treasurer Clinton Democratic Club.
  • Board Director for the Variety Boys and Girls Club.
  • Member of Community Board 1.
  • Vice-President of the Astoria Civic Association.
  • Former Vice-President of OUT Astoria.

For his selfless commitment to the neighborhood and community activism and working harder than most elected officials, Michael Serao is named Queens-Politics Man of the Year.

Permanent link to this article: https://queens-politics.com/2011/10/michael-serao-man-of-the-year/

Hit Counter provided by brochure holders