WEFC Wells Financial (MM)

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., +1-507-553-3151

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