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Wells Financial Corp. (WEFP.OB)On Nov 23: 18.00   0.00 (0.00%)  
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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

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Savings & Loans
Full Time Employees:N/A

BUSINESS SUMMARY 
Wells Financial Corp. operates as the holding company for Wells Federal Bank that offers various banking services. It generates various deposit products comprising checking accounts, savings accounts, NOW and money market accounts, demand deposits, certificates of deposit, retirement accounts, business checking and savings, health savings accounts, and business loans and lines of credit. The company also provides residential loans, commercial real estate and construction loans, agricultural real estate and operating loans, home equity loans, and other consumer loans. As of December 31, 2008, it had nine full service offices located in Faribault, Martin, Blue Earth, Nicollet, Freeborn, and Steele Counties, Minnesota, as well as one loan origination office in Dakota County, Minnesota. In addition, Wells Financial Corp. operates as an insurance agency that sells property, casualty, life, and health insurance products, as well as investment products, including mutual funds. The company was founded in 1934 and is headquartered in Wells, Minnesota.
Key Statistics

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    CORPORATE GOVERNANCE 
    Wells Financial Corp.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 2.9% of CGQ Universe companies and 1.3% of Banks companies.
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    KEY EXECUTIVES 
     PayExercised
    Mr. Randel I. Bichler Esq., 64
    Chairman, Corp. Counsel, Member of Audit Committee and Vice Chairman of Wells Federal Bank
    $ 17.00KN/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, principal 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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