About Principal Bank
Principal Bank, a member of the Principal Financial Group®, is an FDIC insured, limited purpose trust savings bank offering customers traditional and innovative qualified banking products and services through the Internet and by telephone with personal bankers.
Established in February 1998, Principal Bank was one of the first direct online banks. As of July 21, 2011, Principal Bank is regulated by the Office of the Comptroller of the Currency (OCC), and as of September 9, 2013, Principal Bank is on the path to transform into a limited purpose trust savings bank.
240,000 customers with $2.1 billion in deposits.
This rating is for the quarter ending September 30, 2013. Please contact VERIBANC, 1.800.442.2657, to determine if this is the most recent rating or by visiting www.veribanc.com. The rating's effective date is November 29, 2013.
Note: Green Three-Star Rating is the highest rating Veribanc Inc. offers.
For more information on the Veribanc Blue Ribbon Commendation of Excellence, see the Veribanc Blue Ribbon page on Veribanc.com.
About the Principal Financial Group
Founded in 1879, the Principal Financial Group (The Principal) is a global investment management leader. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services including retirement, asset management and insurance, through its diverse family of financial services companies.
A member of the FORTUNE 500®, the Principal Financial Group has $403 billion in assets under management and serves some 18.3 million customers worldwide from offices in 18 countries throughout Asia, Australia, Europe, Latin America and North America. The Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG.
For more information, visit www.principal.com.