Dallas Fed Board of Directors
Allan James "Jimmy" Rasmussen
President and CEO
HomeTown Bank, N.A.
Jimmy Rasmussen joined the Dallas Fed Board in 2013.
Rasmussen is president and CEO of HomeTown Bank, NA, a community banking organization with $533 million in assets headquartered in Galveston. Rasmussen has served as president of the bank since 1989.
He is former chairman of the Independent Bankers Association of Texas and was a Texas representative on the board of the Independent Community Bankers of America.
Rasmussen is also a former chairman of the Texas City–La Marque Chamber of Commerce. He served on the board of the Galveston Chamber of Commerce and was founding chairman of the Galveston Economic Development Partnership. He also served on the Texas City Independent School District Board of Trustees for 12 years and was elected to the TCISD Hall of Honor in 2013.
He holds a B.B.A. and M.B.A. in finance from Sam Houston State University.