WELLS, Minn., May 21, 2014 /PRNewswire/ -- Lonnie R. Trasamar, President of Wells Financial Corp. (OTC BB:WEFP) (the Company), the holding company of Wells Federal Bank (the Bank), announced today that on May 20, 2014 the Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on June 20, 2014 to shareholders of record on June 6, 2014. Trasamar stated that the Board of Directors is pleased with the continued profitability and capital strength of the Bank and the Company allowing the Directors to declare this dividend.
The Bank is a Minnesota State chartered commercial bank headquartered in Wells, Minnesota. The Bank has eight offices located in Faribault, Martin, Blue Earth, Nicollet, Freeborn, Steele and Dakota Counties. It was founded in 1934 and its deposits are federally insured.
Statements in this press release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. The foregoing material may contain forward-looking statements concerning the financial condition, results of operations and business of the Company. We caution that such statements are 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. The Company 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 arising after the date hereof.
SOURCE Wells Financial Corp.