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Reliant Bank Partners with Hytch to Offer Rewards for Ridesharing

Company Release – 5/22/2018 10:00 AM ET

Commuters in eight-county footprint, MTSU and Lipscomb University students to benefit

NASHVILLE, Tenn.–(BUSINESS WIRE)– Reliant Bank is paying incentives to motivate commuters to share rides in an eight-county area of Middle Tennessee and in Chattanooga’s Hamilton County. To help relieve traffic congestion and ease commutes, Reliant is partnering with Nashville-based Hytch Rewards, a free smartphone app that validates and rewards ridesharing behavior through synchronized GPS technology.

As Reliant Bank grows its footprint throughout its eight-county market area in Middle Tennessee, more employees are traveling greater distances. As a Hytch Rewards partner, the bank’s employees will benefit when they carpool, ride a bus or share a ride-hail service.

“We admire what Hytch Rewards is doing to help alleviate traffic congestion and improve air quality in our communities,” said Kim York, Executive Vice President and Chief Strategy Officer at Reliant Bank. “Through our sponsorship, Reliant Bank becomes part of Nashville’s transit solution and brings that model to Chattanooga. It’s about partnership, promoting strong connections, and helping foster a healthier, less congested environment where we live and work.”

Hytch Rewards launched in February 2018, with Nissan North America committing to a $0.01 reward for every shared mile ending anywhere in Tennessee, and an additional $0.04 per shared mile ending in the ten-county area surrounding Nashville. Since its launch, the Hytch community has tracked and been rewarded for more than one and a half million vehicle miles not driven.

Reliant Bank’s incentive plans target:

  • Morning and afternoon congestion in Hamilton and Maury Counties by offering $0.04 per mile at peak weekday times.
  • Afternoon congestion in Rutherford, Davidson, Robertson, Williamson, Hickman, and Sumner Counties by offering $0.01 per mile during afternoon commute times.
  • Morning congestion for students of MTSU and Lipscomb University by offering $0.04 per mile during morning commute times.

“We know being in college is challenging enough, so we are thrilled to help relieve some of the financial burden as students travel to classes and jobs,” said York. The bank, which has branches near both campuses, also offers free student checking and savings accounts.

“Reliant Bank is taking the definition of community banking to a whole new level by investing in the communities where their employees and customers live and work. Every mile driven with Hytch Rewards is a zero emissions mile. That means forward-thinking sponsors are responsible for almost 500 tons of carbon not emitted and saving over 33 thousand trees. That’s how Reliant Bank is making a difference,” says Mark Cleveland, CEO and co-founder of Hytch, LLC. “Congestion in the Greater Nashville Area was the catalyst for creating the Hytch Rewards platform, and every major metropolitan area suffers when commuters ride one person in one vehicle. Our goal is to foster a ridesharing culture not only in Tennessee, but across the nation and globally. The big ideas become reality with creative community investments from an innovator like Reliant Bank.”

To learn more about the Reliant Bank partnership and rewards, visit HytchRewards.com/ReliantBank.

About Hytch Rewards

Hytch Rewards is an app for iOS and Android that validates, tracks and rewards ridesharing behavior using technology developed in Nashville, Tenn. Hytch Rewards is funded in part by a grant through the State of Tennessee, employer partners like Onin Staffing, and reward partners, including Nissan, Sprint by Absolute Wireless, and H.G. Hill Realty Company. Hytch enables individuals to earn cash incentives for every shared mile through the app, including carpooling, ride-hailing service, and public transit. To learn more, visit HytchRewards.com.

About Reliant Bank

Reliant Bancorp, Inc. is a Brentwood, Tennessee-based bank holding company which operates banking centers in Davidson, Robertson, Sumner, Williamson, Maury and Hickman counties, Tennessee along with loan and deposit production offices in Rutherford and Hamilton counties, Tennessee, through its wholly-owned subsidiary Reliant Bank. Reliant Bank is a full-service commercial bank that offers a variety of deposit, lending and mortgage products and services to business and consumer customers. As of March 31, 2018, Reliant Bancorp had approximately $1.6 billion in total assets, approximately $1.1 billion in loans and approximately $1.3 billion in deposits. For additional information, locations and hours of operation, please visit their website at www.reliantbank.com.

Hytch Contact:
Gray Public Relations
Amy Kovar, 615-497-1799
akovar@graypr.com
or
Reliant Bank:
Kim York, 615-595-5358
EVP, Chief Strategy Officer
kyork@reliantbank.com

Source: Reliant Bank

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