I have used them for several years because of the high MM rate. They have been owned by CWF for several years , was known as Treasury Bank ,Country wide changed the name last year.
Very easy to deal with. IMHO , as safe as any FDIC bank.
Countrywide mortgage business is a disgrace, along with WAMU, Indymac, Ameriquest and countless others . CEO Mozillo of CWF is a real creap.
I have a special dislike of WAMU due to lawless behavior of the corporation.
( I had to drag WAMU into court on an order to show cause because they obey a Superior Court writ of mandate only if they feel like doing so.) A Banker I know thinks my legal problems with WAMU are due to a corp. culture requiring front line employees, including branch managers to act like robots, and 'If it's not in the operation manual, just say no".
The outcome of inflated apprasials and fraud in fliping houses and then walking away is going to make the last RTC bailout look very small .
I am in the Doom and Gloom mode big time. Not ready to start stocking up on canned goods, generators, and ammo, but we are in for some un-pleasnt financial times.