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Quontic Bank Acquisition Corp., the ultimate parent company of Quontic Bank (together, “Quontic”), today announced the pricing and closing of a private placement (the “Offering”) of 8,000 shares of its 5.99% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (the “Series A preferred stock”), with a liquidation preference of $1,000 per share, amongst an investor consortium (the “Consortium”).