Data / Bank failures / 2010 / Ideal Federal Savings Bank
Ideal Federal Savings Bank, Baltimore, MD: failed July 9, 2010
Ideal Federal Savings Bank in Baltimore, Maryland, failed on July 9, 2010. It held $6.2 million in assets and $5.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.7 million (59.8% of its assets). By assets it was the 157th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- July 9, 2010
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $6,177,000
- Total deposits
- $5,803,000
- Estimated cost to the FDIC
- $3,694,076 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 32456
Other bank failures in Maryland, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Harvest Bank of Maryland | Gaithersburg | April 27, 2012 | $163 million | $145.5 million | $26.7 million | Sonabank |
| Bank of the Eastern Shore | Cambridge | April 27, 2012 | $162.5 million | $151 million | $57.9 million | |
| K Bank | Randallstown | November 5, 2010 | $538.3 million | $500.1 million | $136.3 million | Manufacturers and Traders Trust Company |
| Bay National Bank | Baltimore | July 9, 2010 | $217.7 million | $212.6 million | $21.1 million | Bay Bank, FSB |
| Waterfield Bank | Germantown | March 5, 2010 | $155.6 million | $156.2 million | $11.3 million | |
| Bradford Bank | Baltimore | August 28, 2009 | $451.9 million | $382.2 million | $46.9 million | Manufacturers and Traders Trust Company |
| Suburban Federal Savings Bank | Crofton | January 30, 2009 | $347.4 million | $301.8 million | $73.8 million | Bank of Essex |
All bank failures in 2010 · All bank failures in Maryland · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.