Wells Financial Corp. Announces Results of Tender Offer

Wells Financial Corp. Announces Results of Tender Offer 


WELLS, Minn., Dec. 6  /PRNewswire-FirstCall/ -- Wells Financial Corp. (the
"Company") (NASDAQ:WEFC) President and Chief Executive Officer, Mr. Lonnie R.
Trasamar, today announced that the Company's modified Dutch auction issuer
tender offer, which commenced on September 28, 2004, expired at 5:00 p.m., New
York City time, on Friday, December 3, 2004.  Stockholders tendered 85,606
shares (including shares tendered pursuant to guarantees of delivery) or
approximately 7.3% of the common shares outstanding.  The purchase price will
be $31.50 per share, and the Company will repurchase all of the shares
tendered.

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]

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