Slaby for The Wall Street Journal

 

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Matt Slaby photographed people and places impacted by the closure of New Frontier Bank in Greeley, Colo. The bank was recently forced into receivership after what the FDIC describes as “unsafe or unsound banking practices and violations of law and regulations.”   Many eastern Colorado farms and business were impacted by the closing of the bank and are now unable to transfer their loans to other institutions. The fallout threatens commercial and agricultural businesses that have historically relied on the bank for short-term credit.  The essay appears in the June 16th issue of the Journal and a nice edit of the work also appears on the Photo Journal blog.

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