JerseyBike Welcomes Kearny Bank as New Sponsor

Local Business Gives Back to Community

For Immediate Release
Wednesday, January 2, 2019
Contact: Mary Lynch

NEW JERSEY – Kearny Bank is now an official sponsor of JerseyBike, the two companies announced today.  JerseyBike and Kearny Bank will collaborate to provide a healthy and environmentally friendly transportation option throughout Hudson County, enabling riders to travel more efficiently to downtown areas and other forms of transit. 

Hudson Bike Share launched in Hoboken in October 2015 and recently expanded to Weehawken, West New York, Guttenberg, North Bergen, Bayonne and Port Imperial for a total of 560 bikes. The system currently has over 28,000 registered members and has clocked over 483,000 rides since inception.

Users can register online or download the nextbike app. The cost of the program is $95 per year or $12.95 a month and includes unlimited 45-minute trips. Riders can also choose a pay-as-you-go option for $2 per 30-minute ride. The expansion of the program will allow access to a greater number of New Jersey residents while providing a strong and reliable service for users of all types. 

Riders can use a smart phone or key card to unlock bicycles at any of the stations in the system. Once rented, the user will be given a code to unlock the bike and begin their 30 or 45-minute ride. The highlight of the system is the ability to park the bikes temporarily, as well as the ability for users to end their trip at a station that is already full. This feature, which is lacking in prior-generation bike sharing models, allows users to make stops mid-trip and eliminates the frustration of arriving at an already full station. 

About Kearny Bank
Kearny Bank was established in 1884 as a mutual building and loan association. 

In 2005 the institution was reorganized as a public company trading on the NASDAQ exchange. In 2015 its name was changed to Kearny Bank to better reflect the company’s expanded mission.

Kearny Bank has seen steady growth both organically and by merger and acquisition. Today the company boasts a growing network of branches throughout northern and central New Jersey plus Brooklyn and Staten Island, New York.

The Bank provides comprehensive financial services for both consumer and commercial clients. In addition, Kearny Bank has a long history of community service that has been enhanced by the establishment of KearnyBank Foundation.

The Bank was recently recognized by Forbes as one of New Jersey’s five Best-State-Banks.

Kearny Bank is headquartered at 120 Passaic Avenue, Fairfield, NJ 07004.

Phone is 800-273-3406. Trading symbol: KRNY.  

About P3 Global Management 
P3 Global Management (P3GM) owns and operates JerseyBike. P3GM is a global smart city development company that provides a gateway for next-generation technology companies to implement their solutions in cooperation with cities. Through public-private partnerships, P3GM integrates best-in-class technologies and solutions across the mobility, energy, telecommunications, and out-of-home media industries. 

Suez Water, CarePoint Health, Investors Bank, Keller Williams Realty and Hunter Homes also support JerseyBike. 

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