About WEFC

Wells Financial Corp. is a Minnesota corporation organized in December 1994 at the direction of the Board of Directors of Wells Federal Bank to acquire all of the capital stock that Wells Federal Bank issued upon its conversion from mutual to stock form of ownership.  Wells Financial Corp. is a unitary savings and loan holding company which, under existing laws, generally is not restricted in the types of business activities in which it may engage provided that Wells Federal Bank retains a specified amount of its assets in housing-related investments.  Wells Financial Corp.’s common stock trades on the OTC Bulletin Board under the symbol “WEFP”.

Wells Federal Bank is a federally chartered stock savings bank headquartered in Wells, Minnesota.  Wells Federal Bank has ten full service offices located in Wells, Blue Earth, Mankato, Fairmont, North Mankato, Albert Lea, St. Peter and Owatonna, Minnesota and Mason City, Iowa and one loan origination office located in Farmington, Minnesota.  Wells Federal Bank was founded in 1934 and its deposits are federally insured.  Wells Federal Bank is a community oriented, full-service retail savings institution.  Wells Federal Bank attracts deposits from the general public and uses such deposits to invest in residential lending on owner occupied properties, commercial real estate and construction loans, agricultural real estate and operating loans, home equity and other consumer loans. 

Wells Federal Bank has two operating subsidiaries, Greater Minnesota Mortgage and Wells Insurance Agency.  Greater Minnesota Mortgage originates loans through referrals from community commercial banks and, primarily, sells these loans to the secondary market.  Wells Insurance Agency is a full service insurance agency that sells property, casualty, life, health and investment products, including annuities and mutual funds.