Principal Bank, a member of the Principal Financial Group, is an FDIC insured federal savings bank offering customers traditional and innovative consumer and business banking products and services through the Internet and by telephone with personal bankers. 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.

Established in February 1998, Principal Bank was one of the first direct online banks approved and chartered by the Office of Thrift Supervision (OTS) as a federal savings bank. As of July 21, 2011, Principal Bank is regulated by the Office of the Comptroller of the Currency (OCC).

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