CANNON FALLS, Minn. — Community banks are known for providing economic growth to their surrounding areas. At First Farmers & Merchants Bank, both the bank and its leaders are supporting the future of Cannon Falls through a recent community campaign for a new medical facility. Greg Wulf, president of the Cannon Falls location, led the charge with personal gifts of time, money and leadership on the hospital board. “Greg didn’t ask the bank to contribute until he’d already done so personally,” says Brian Short, president of 215 Holding Co., the holding company that owns First Farmers & Merchants and White Rock Banks. “His personal commitment is a true measure of how important this project is to Cannon Falls. It was the least the bank could do to support his efforts.”
Short also made a significant personal contribution to the campaign to supplement Mayo Clinic’s $20 million commitment to build a new medical facility in Cannon Falls. As a patient of Mayo Clinic, he recognizes the strength that quality health care access brings to a community. “Mayo Clinic Health System is the heart and soul of many communities in which First Farmers & Merchants operates,” says Short. “When I first opened the bank here in Cannon Falls, I saw the challenges the hospital faced. The affiliation with Mayo Clinic has been a great, great thing. The opportunity to contribute to both Mayo and Cannon Falls compelled me to make my first personal gift to Mayo Clinic.”
Mayo Clinic Health System recently broke ground on the new medical center which includes a clinic and hospital. It will be located on the south side of Cannon Falls off Highway 52. In addition to Mayo Clinic’s investment, extensive support from community businesses like First Farmers & Merchants Bank and families like the Wulfs and Shorts helped fund the project.
“Our bank is here to support the community, whether its through small business loans or gifts to community projects,” says Wulf. “This new facility will make us an even more vibrant and healthy community.”
The new medical campus will have three times more space than the current building allowing Mayo Clinic Health System to expand primary and specialty services, improve privacy and add new technology. Health care teams will be able to collaborate more easily to meet patient needs.
Brian Short and Greg Wulf, First Farmers & Merchants Bank