Wells Financial in Wells, Minn., has installed an interim leader after the resignation of its chief executive.

The $251 million-asset company said in a press release Monday that Lonnie Trasamar had also resigned as president and a director, citing personal reasons. Wells said James Moll, its chief financial officer, had become interim president and chief executive.

Moll "has provided outstanding service and leadership to us for the past 20 years as our CFO and, more recently, as a member of our board," Randel Bichler, the company's chairman, said in the release.

Wells agreed in November to buy St. James Federal Savings and Loan Association in St. James, Minn., in a conversion merger transaction.

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