EXHIBIT (a)(11)



                                  PRESS RELEASE

Wells Financial Corp.                         Contact:   Lonnie R. Trasamar
Wells Federal Bank                                       President and
53 First Street, S.W.                                    Chief Executive Officer
Wells, Minnesota 56097                                   (507) 553-3151

                                                         For Immediate Release
                                                         November 19, 2004

                              WELLS FINANCIAL CORP.
                    REJECTS OVERTURES BY OPPORTUNITY PARTNERS

         WELLS,  MINNESOTA,  November  19,  2004 - Wells  Financial  Corp.  (the
"Company")  (Nasdaq  National  Market  "WEFC")  President  and  Chief  Executive
Officer,  Mr. Lonnie R.  Trasamar,  today  announced that the Company has sent a
letter to  Opportunity  Partners  advising them that,  after  considering  their
letters to the Company,  the Board of Directors has  unanimously  reaffirmed its
position  that  the  Company  is not for sale  and,  therefore,  declined  their
proposal. The Board of Directors has recently reviewed its strategic options and
concluded that it is in the best  interests of the Company and its  stockholders
for the Company to pursue its long-term  business  plan,  and the modified Dutch
auction  tender offer and reverse  stock split.  The  Company's  modified  Dutch
auction issuer tender offer for up to 150,000 shares of its common stock expires
today at 5:00 p.m., New York City time.

         Wells  Financial  Corp. is the holding company of Wells Federal Bank, a
federally chartered savings bank headquartered in Wells,  Minnesota.  The Bank's
deposits are  federally  insured by the Federal  Deposit  Insurance  Corporation
("FDIC").

         The  foregoing  material  may contain  forward-looking  statements.  We
caution that such  statements  may be 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. Wells Financial Corp. 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
after the date of such statements.