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Independent Bankes Association of Texas
News Release
Friday, October 16, 2009


Allan James “Jimmy” Rasmussen has been a leader throughout his 34 years in banking, not only where he works but throughout the communities he serves. He is a volunteer’s volunteer. And, when he volunteers, he becomes involved.

His involvement in the Independent Bankers Association of Texas (IBAT) has earned him the highest leadership honor the nation’s largest state community banking organization can offer. This week, Jimmy Rasmussen was elected to chair IBAT for the next year.

The President/CEO of HomeTown Bank succeeded Milton McGee of Henderson during the 35th annual convention in San Antonio. Rasmussen will lead an executive committee including Chairman-Elect David Williams of HCSB-A State Banking Association in Kerrville, Vice Chairman Thomas C. Sellers of Alliance Bank in Sulphur Springs and Secretary-Treasurer Scott Heitkamp of ValueBank Texas in Corpus Christi.

And, he immediately challenged the membership to follow his lead by getting involved in their communities, the State Capitol and Washington, D.C. by working to create a better climate for community banks and the customers they serve.

Rasmussen has a long history of involvement. Former Galveston Chamber of Commerce President Cindy Schulz called him “everyone’s number one choice” for board positions.

“He was one of the most dedicated board members in my 13 years at the Galveston Chamber,” Schulz said. “Jimmy was one of those board members that as soon as he was off for a year we couldn’t wait to get him back for another six years.”

The Galveston Chamber of Commerce, where he served as an executive board member for nine years and chaired numerous committees and fund-raising projects, was just one example of his involvement.

Rasmussen is a Past Chairman and founding board member of the Galveston Economic Development Partnership and still serves on the Executive Committee. He is a past member of the Galveston College Foundation board of directors and executive committee and served as Treasurer. He also is a past chairman and still serves on the Finance Committee as a lifelong parishioner at St. Mary of the Miraculous Medal Catholic Community.

He chaired the Galveston Salvation Army Advisory Board, was president of the Rotary Club of Galveston Island where he has a 26 year perfect attendance record, and in addition to his work with the Galveston Chamber, served in 1987 as chairman of the Texas City-LaMarque Chamber of Commerce.

His involvement also included the schools and those they serve. He served as a Trustee of the Texas City Independent School District Board of Trustees for 12 years and was founding chair of both the Texas City High School Baseball Booster Club Golf Tournament (1992) and Texas City High School Football Booster Club Golf Tournament (1993). Rasmussen was commencement speaker for the Texas City High School Class of 1987.

The 1970 graduate of Texas City High School received his BBA in General Business and his MBA in Business from Sam Houston State University in Huntsville. He is a graduate of the Southeastern Graduate School of Banking at LSU.

Since 1989, Rasmussen has served as President/CEO and Board member of HomeTown Bank, N.A., an independent locally-owned community bank based in Galveston. HomeTown Bank, with branches in Friendswood, League City and Alvin, has 85 employees.

Rasmussen and his wife Diana have been married for 36 years and have two children, Allison Rasmussen McCormick and Allan Rasmussen Jr., and three grandsons.

Remembering Jim Guidry Bay Area Houston Economic Partnership

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