PROFILE |
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Wells Financial is the holding company for Wells Federal Bank, which operates eight branches in the agriculturally rich counties of southern Minnesota. Founded in 1934, the bank targets individuals and local business customers, offering standard retail banking services. Lending activities consist primarily of residential mortgages (almost 80% of all loans), as well as commercial real estate, home equity, consumer, and commercial loans. Wells sells some of its mortgage loans, retaining servicing. The bank has two subsidiaries: Wells Insurance Agency, which offers life, health, casualty, and business insurance and annuities, and Greater Minnesota Mortgage, which originates mortgages for resale.
COMPETITION |
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TCF Financial Corporation (TCB)
Wells Fargo & Company (WFC)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 17.70
1-Yr. Sales Growth: 11.3%
Employees: 79
Revenue per employee: $224,050.63
KEY PEOPLE |
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Lawrence H. Kruse
CEO
James D. Moll
CFO
CONTACT INFO |
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53 1st St. SW
Wells, MN 56097
US
Phone: 507-553-3151
Fax: 507-553-6295
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