WEFC Wells Financial (MM)

Wells Financial Corp. Announces Cash Dividend WELLS, Minn., July 21 /PRNewswire-FirstCall/ -- Lonnie R. Trasamar, President of Wells Financial Corp. (NASDAQ:WEFC)(the Company), Wells, Minnesota, the holding company of Wells Federal Bank, fsb, (the Bank), announced that on July 20, 2004, the Company's Board of Directors declared a quarterly cash dividend of $0.22 per share to shareholders of record on August 2, 2004, payable on August 16, 2004. Wells Financial Corp. and Wells Federal Bank are headquartered in Wells, Minnesota. The Bank operates eight full service offices located in Wells, Blue Earth, Mankato, Fairmont, North Mankato, Albert Lea, St. Peter and Owatonna, Minnesota and loan origination offices located in Farmington, Minnesota and Mason City, Iowa. The Bank is a community oriented, full service retail savings bank offering traditional mortgage, consumer, commercial and agricultural loan products. The Company's common stock trades on the Nasdaq National Market under the symbol "WEFC." DATASOURCE: Wells Financial Corporation CONTACT: James D. Moll, CFO of Wells Financial Corp., +1-507-553-3151

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