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Wells Financial Overview

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Wells, MN
51 to 200 employees
Unknown
Company - Public (WEFP)
Finance
$10 to $25 million (USD) per year
Unknown
Wells Financial doesn't want you to get tapped out. It's the holding company for Wells Federal Bank, which serves southern Minnesota and northern Iowa through 10 branches and a loan production office. Founded in 1934, the bank offers standard ... Read more

Wells Financial Reviews

2.4
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Recommend to a friend
Approve of CEO
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Lonnie R. Trasamar
2 Ratings
  • "Good company, low pay!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Manager in West Palm Beach, FL
    Former Employee - Credit Manager in West Palm Beach, FL
    Recommends
    Approves of CEO

    Pros

    Strong company with good direction. They were fairly successful with staying out of the subprime mortgage mess. They mainly focused on full documentation loans so they dont have the same downside as many other lenders out there. They do offer great benefits as far as a savings account with a strong interest rate, 401k and health benefits.

    Cons

    The starting salary is low and the bonuses are out of reach. In order to make any money at Wells fargo you have to go above and beyond your sales goals. You bring in a significant amount of revenue, but your compensation does not match.

    Advice to Management

    Work on a new bonus structure.

See All 6 Reviews

Wells Financial Interviews

Experience

Experience
0%
0%
100%

Getting an Interview

Getting an Interview
100%

Difficulty

3.0
Average

Difficulty

Hard
Average
Easy
  1.  

    Finance Interview

    Anonymous Interview Candidate
    No Offer
    Negative Experience
    Average Interview

    Application

    I applied online. The process took 3+ months. I interviewed at Wells Financial in August 2011.

    Interview

    It shouldn't take this long. I am still in the interview process and it has been three months.

See All 1 Interviews

Wells Financial Awards & Accolades

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