Early Career
After completing his graduate studies, Wells took employment as a field secretary for the Indiana Bankers Association where he worked from 1928 to 1931. As part of his work at the IBA, Wells travelled to all 92 counties in Indiana, working closely with bankers to conduct his research and organize bankers' lobbying and anti-crime groups. Wells' work for Indiana had a major impact on the rewriting of the state's banking laws. In 1931, Wells headed the research operations of the official Study Commission for Indiana Financial Institutions, which recommended far-reaching changes to Indiana's financial regulatory structures, many of which were adopted by the General Assembly in 1933. In 1933, Wells took leave from his recent appointment as an assistant professor at Indiana University to work as supervisor of the Division of Banks and Trust Companies and the Division of Research and Statistics in the newly created Indiana Department of Financial Institutions, an agency with origins in the Study Commission's recommendations.
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