SAN DIEGO, CA--(Marketwire - February 17, 2010) - Ranch Capital, LLC ("Ranch Capital") is pleased to announce that it has reached an agreement (the "Agreement") with the Official Committee of Equity Holders (the "OEC") of Fremont General Corporation ("Fremont") (PINKSHEETS: FMNPQ) whereby Ranch Capital will withdraw its Plan and support the OEC Plan. Accordingly, Ranch Capital urges all shareholders and creditors to accept the OEC Plan for the reorganization of Fremont and to reject all other plans.