Accounts can be opened by mail or at their California branches. According to the new account page, it appears accounts are only available to individuals and businesses in California. Branches are located in Central and Southern California including the cities of Fresno, Bakersfield, Santa Barbara, Los Angeles, Pasadena, Redlands, Newport Beach and Laguna Hills.
The bank has been FDIC insured since 1984. The parent of this bank, Fremont General Corp, has been having some problems this year regarding its sub-prime mortgage loans. So be sure to stay under the FDIC insurance limits.