This promotion doesn't seem to be listed at the bank's website. It was advertised in today's Houston Chronicle. The ad is available online here.
It appears to require a branch visit to open an account. The bank has two branches located in Houston, Texas.
It's a rather new bank that was established with FDIC insurance in 2006 (FDIC Certificate # 58324). It has a 4-star rating (sound) at Bankrate.com based on 3/31/08 data.