Wells Financial Corp.
53 1st Street SW
PO Box 310
Wells,
MN 56097
United States - Map
Phone: 507-553-3151
Fax: 507-553-6295
Web Site: http://www.wellsfinancialcorp.com
| Wells Financial Corp. operates as the holding company for Wells Federal Bank (the bank) that offers various banking services. The bank offers various deposit instruments, including regular savings accounts, NOW accounts, term certificate accounts, individual retirement accounts, and KEOGH accounts. It offers one to four family mortgage loans secured by single family residences. The bank offers commercial business loans that consist of commercial and agricultural operating and term loans. The commercial operating and term loans are secured by equipment, inventory, commercial real estate, and receivables. The agricultural operating and term loans are secured by farm equipment, livestock, crops, and farm real estate. As of June 30, 2004, the bank operated through eight offices in the communities of southern Minnesota and northern Iowa. The banks investment portfolio consists of U.S. government securities, corporate and agency obligations, mortgage-backed securities, certificates of deposit, and FHLB stock. Wells Financial was founded in 1934 and is based in Wells, Minnesota. |
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| Key Statistics |
| |
| | Pay | Exercised | Mr. Randel I. Bichler Esq., 64
Chairman, Corp. Counsel, Member of Audit Committee, Vice Chairman of Wells Federal Bank of Wells Federal Bank |
$
17.00K | N/A | Mr. Lonnie R. Trasamar , 54
Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Wells Federal Bank, Pres of Wells Federal Bank of Wells Federal Bank |
$
171.00K |
$
34.00K | Mr. James D. Moll CPA, 58
Principal Financial Officer, Principal Accounting Officer, Treasurer, Prinicpal Financial Officer of Wells Federal Bank, Principal Accounting Officer of Wells Federal Bank and Treasurer of Wells Federal Bank |
$
119.00K |
$
0 | Mr. Gerald D. Bastian , 68
VP, Director, VP - Wells Federal Bank - Wells Federal Bank |
N/A
| N/A | Mr. James R. Sauer ,
Chief Operations Officer |
$
105.00K |
$
0 |
|
|
|
Dollar amounts are as of
31-Dec-04
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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