AGREEMENT AND PLAN OF CONVERSION MERGERConversion Merger Agreement • March 12th, 2015 • Wells Financial Corp • Savings institution, federally chartered • Minnesota
THIS AGREEMENT AND PLAN OF CONVERSION MERGER (“Agreement”) is entered into as of this 14th day of November, 2014, respectively, by and among Wells Financial Corp. (“Wells”), a Minnesota corporation, Wells Federal Bank (the “Bank”), a Minnesota state chartered commercial bank and the wholly owned subsidiary of Wells, and St. James Federal Savings and Loan Association (“St. James”), a federal mutual savings association.
