Wells Financial Corp. Announces Extension of Modified Dutch Auction Tender Offer

Wells Financial Corp. Announces Extension of Modified Dutch
Auction Tender Offer 


WELLS, Minn., Nov. 22  /PRNewswire-FirstCall/ -- Wells Financial Corp. (the
"Company") (NASDAQ:WEFC) President and Chief Executive Officer, Mr. Lonnie R.
Trasamar, today announced that the Company has extended the expiration date of
its modified Dutch auction issuer tender offer for up to 150,000 shares of its
common stock previously announced on September 28, 2004, until 5:00 p.m., New
York City time, on Friday, December 3, 2004.  The Company's offer was
previously scheduled to expire at 5:00 p.m., New York City time, on November
19, 2004.  As of November 17, 2004, the latest date for which information was
available, approximately 164,000 shares of common stock had been tendered and
deposited in the offer.  It is possible, however, that additional shares may
have been tendered or withdrawn between November 17, 2004, and 5:00 p.m. on
November 19, 2004, but such information was not available to the Company at the
time of this Release.  While the terms of the offer remain the same, further
extensions to the offer expiration date may be necessary.

Mr. Trasamar stated that the Company is extending the offer at this time so
that the Board of Directors can consider whether additional information
relating to the offer should be disseminated to the Company's stockholders.

Persons with questions regarding the offer and requests for documentation
should be made to the Information Agent for the offer, D.F. King & Co., Inc.,
at [phone].

NEITHER THE COMPANY NOR ITS BOARD OF DIRECTORS MAKES ANY RECOMMENDATION TO ANY
STOCKHOLDER AS TO WHETHER TO TENDER OR REFRAIN FROM TENDERING ANY OR ALL OF
SUCH STOCKHOLDER'S SHARES IN THE OFFER AND HAS NOT AUTHORIZED ANY PERSON TO
MAKE ANY SUCH RECOMMENDATION.

Wells Financial Corp. is the holding company of Wells Federal Bank, a federally
chartered savings bank headquartered in Wells, Minnesota.  The Bank's deposits
are federally insured by the Federal Deposit Insurance Corporation ("FDIC").

The foregoing material may contain forward-looking statements.  We caution that
such statements may be subject to a number of uncertainties and actual results
could differ materially and, therefore, readers should not place undue reliance
on any forward-looking statements.  Wells Financial Corp. does not undertake,
and specifically disclaims, any obligation to publicly release the results of
any revisions that may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances after the
date of such statements. 

DATASOURCE: Wells Financial Corp.



CONTACT:  Lonnie R. Trasamar, President and Chief Executive Officer of

Wells Financial Corp., [phone]

Copyright