The banks the FDIC closed were in Washington state, Missouri, Michigan, and Puerto Rico. The cost is a further blow to the shaky finances of the insurance fund that protects bank depositors. Continue reading FDIC Shuts Seven More Banks at a Cost of Over $7 Billion FDIC Shuts Seven More Banks at a Cost of Over $7 Billion originally appeared on DailyFinance on Sat, 01 May 2010 09:30:00. Filed Under: Company News , Economy , Small Business Permalink | Tweet this! | Comments