Wells Federal Bank

Wells Federal Bank was established on September 1, 1934, under the name Wells Federal Savings and Loan Association. Over the years, the institution underwent several changes, including a reorganization into a mutual savings bank and later becoming a federal savings bank. On April 11, 1995, it changed its name to Wells Federal Bank, Fsb, and updated its organization type to a stock savings and loan. The bank's main office relocated to 53 First Street SW, Wells, Minnesota, on April 16, 1991. In 2012, Wells Federal Bank underwent significant transformations, changing its name to simply Wells Federal Bank and transitioning to a state-chartered commercial bank under the supervision of the Federal Deposit Insurance Corporation. On July 17, 2015, the institution expanded by acquiring St James Federal Savings and Loan Association in Saint James, Minnesota. Ultimately, on August 19, 2017, Wells Federal Bank merged with Citizens Community Federal National Association, based in Altoona, Wisconsin, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1934-09-01Institution established. Original name: Wells Federal Savings and Loan Association.

1991-04-16Changed Organization Type to Mutual Savings Bank.

1991-04-16Changed Institution Name to Wells Federal Bank, a Federal Savings Bank.

1991-04-16Main Office moved to 53 First Streeet, S.w., Wells, MN 56097.

1995-04-11Changed Organization Type to Stock Savings & Loan.

1995-04-11Changed Institution Name to Wells Federal Bank, Fsb.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2012-05-22Changed Chartering Agency to State.

2012-05-22Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2012-05-22Changed Organization Type to Commercial Bank.

2012-05-22Changed Primary Federal Regulatory Agency to FDIC.

2012-05-22Changed Institution Name to Wells Federal Bank.

2015-07-17Acquired St James Federal Savings and Loan Association in Saint James, MN.

2017-08-19Merged and became part of Citizens Community Federal National Association (57265) in Altoona, WI.