FREMONT, California - March 7, 2007 - Fremont General Corporation (NYSE:FMT), a nationwide real estate lender doing business primarily through its wholly-owned industrial bank, Fremont Investment & Loan ("FIL"), announced that they had consented to the terms of a Cease and Desist Order by the Federal Deposit Insurance Company (FDIC).

In light of this recent negative publicity from federal regulators concerning this corporation's sub-prime lending activity, we would like to assure you that Fremont Bank is in no way affiliated with or related to Fremont General Corporation.

Fremont Bank, a $1.9 billion commercial bank headquartered in Fremont, California is not a sub-prime lender and never has been. We take pride in offering competitive, low mortgage rates to borrowers with excellent credit in low-risk situations. And because our business is based on customer trust and loyalty, we know it is crucial to set the record straight so that the public is not confused.

Fremont Bank does do a significant volume of residential mortgage lending. That's why it's important to us to eliminate any confusion. Our portfolio of mortgage loans performs very well. We have had very few delinquencies and virtually no foreclosures.

Please help spread the word. Fremont General is not connected to Fremont Bank in any way.

If you have any questions or concerns, please feel free to call (800) 290-7865.