Jimmy Rasmussen of Galveston, Texas, has been re-elected to the Federal Reserve Bank of Dallas board of directors by its member banks. He will serve a three-year term starting Jan. 1, 2016.
In his role as a board member, Rasmussen will provide input on regional economic conditions as part of the Federal Reserve’s monetary policy functions.
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 for 27 years.
He is former chairman of the Independent Bankers 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.
Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the public and three are appointed by the Federal Reserve Board of Governors in Washington, D.C.
For more information on the Dallas Fed, visit www.dallasfed.org.