Tennessee Department of Treasury · David H. Lillard, Jr., State Treasurer

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Boards and Commissions

Collateral Pool Board

Collateral Pool Board is administratively
attached to the Tennessee Department of Treasury

Global Profit

The Collateral Pool Board oversees the risk-sharing pool of collateral pledged by participating financial institutions to guarantee public deposits. The duties of the Board are found in TCA 9-4-508.

The Board oversees the operations of the Collateral Pool for Public Deposits, which was created to provide an alternative method for securing public deposits held by banks and savings institutions. Under the law governing the Pool, if a bank applied to and is accepted into the Collateral Pool, all of its public deposits are secured by the deposit of an amount of collateral determined by the Board to be required. Then, if there is a default by a bank or savings institution, the public depositors are made whole in a three (3) step process.

• First, they receive any applicable federal deposit insurance.
• Next, the collateral pledged by the bank or savings institution under the Pool provisions issued to satisfy the claims.
• Finally, if the claims are not completely satisfied after steps one and two,the State Treasurer assesses the members of the Pool an amount sufficient to satisfy the claims.

Bank Collateral Pool

Allows banks and local governments statewide to participate in a pool designed to provide greater efficiency and a lower risk.

Learn about the Bank Collateral Pool

Board Meetings and Materials

Upcoming Meetings

13Aug2026

Collateral Pool Board Meeting

8/13/2026 2:00 PM

Meeting Date and Time
Thursday, August 13, 2026 at 2:00 p.m. CT

Location
Tennessee State Capitol
Executive Conference Room, Ground Floor
600 Dr. M.L.K. Jr. Blvd.
Nashville, TN 37243

Documents to download

Collateral_Pool_Board_Public_Meeting_Notice_08132026(.pdf, 713.64 KB) - 58 download(s)
Collateral_Pool_Board_Agenda_08132026(.pdf, 204.06 KB) - 56 download(s)

Past Meetings

20Jul2026

College Savings Trust Fund Program Board of Trustees

7/20/2026 2:00 PM

Meeting Date and Time
Monday, July 20, 2026
The Board meeting will start immediately following the Joint Audit Committee meeting scheduled for 1:30 p.m. CT

Location
William R. Snodgrass Tennessee Tower
Nashville Room, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, TN 37243

Documents to download

College Savings Trust Fund Board of Trustees_Agenda_07022026(.pdf, 269.1 KB) - 278 download(s)
College Savings Trust Fund BOT Public Meeting Notice_06303036(.pdf, 166.96 KB) - 258 download(s)
CSTFB Meeting Packet(.pdf, 7.17 MB) - 391 download(s)

20Jul2026

Joint Audit Committee for the Chairs of Excellence Trust and the College Savings Trust Fund

7/20/2026 1:30 PM

Meeting Date and Time
Monday, July 20, 2026 at 1:30 p.m. CT

Location
William R. Snodgrass Tennessee Tower
Nashville Room, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, TN 37243

Documents to download

JointAuditCommittee_COE_CSTF_PublicMtgNotice_7.20.26(.pdf, 283.99 KB) - 262 download(s)
JointAuditCommittee_COE_CSTF_Agenda_7.20.26(.pdf, 451.74 KB) - 275 download(s)

7Oct2025

Trustees for the Chairs of Excellence Trust Fund and the College Savings Trust Fund—Audit Committee

10/7/2025 10:45 AM

Meeting Date and Time
Tuesday, October 7, 2025 at 10:45 a.m. CT

Location
William R. Snodgrass Tennessee Tower
Tennessee Room 2, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, Tennessee 37243

Documents to download

COE_CSTFP_Audit Committee_Agenda_10072025(.pdf, 117.24 KB) - 868 download(s)
COE_CSTFP_Audit Committee_MeetingNotice_10072025(.pdf, 115.23 KB) - 885 download(s)

29Jul2025

College Savings Trust Fund Program Board of Trustees

7/29/2025 11:00 AM

Meeting Date and Time
Tuesday, July 29, 2025 at 11:00 a.m. CT

Location
William R. Snodgrass Tennessee Tower
Nashville Room, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, TN 37243

Documents to download

CollegeSavingsBoard-of-TrusteesMeetingAgenda07292025(.pdf, 151.02 KB) - 841 download(s)
CollegeSavingsBoard-of-TrusteesMeetingPublicMtgNotice07292025(.pdf, 229.6 KB) - 788 download(s)
UPDATED-CollegeSavingsBoardOfTrusteesMeetingPacket7.29.25(.pdf, 6.59 MB) - 1202 download(s)

13Nov2024

College Savings Trust Fund Program Board of Trustees

11/13/2024 11:00 AM

Meeting Date and Time
Wednesday, November 13, 2024 at 11:00 AM CT

Location
William R. Snodgrass Tennessee Tower
Room E
312 Rosa L. Parks Avenue
Nashville, TN 37243

Documents to download

CollegeSavingsBoard-of-TrusteesMeetingPublicMtgNotice11132024(.pdf, 140.35 KB) - 1025 download(s)
CollegeSavingsBoard-of-TrusteesMeetingAgenda11132024(.pdf, 139.52 KB) - 1072 download(s)
CollegeSavingsBoard-of-TrusteesMeetingPacket11132024(.pdf, 2.01 MB) - 1078 download(s)

8Oct2024

Joint Audit Committee for the Chairs of Excellence Trust and the College Savings Trust Fund

10/8/2024 1:45 PM

Meeting Date and Time
Tuesday, October 8, 2024 at 1:45 p.m. CT

Location
William R. Snodgrass Tennessee Tower
Nashville Room, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, Tennessee 37243

Documents to download

COE_CSTFP_Audit Committee_MeetingNotice_10082024(.pdf, 87.02 KB) - 1099 download(s)
COE_CSTFP_Audit Committee_Agenda_10082024(.pdf, 130.34 KB) - 1070 download(s)

23Jul2024

College Savings Trust Fund Program Board of Trustees

7/23/2024 2:00 PM - 3:00 PM

Meeting Date and Time
Tuesday, July 23, 2024 at 2:00 PM CT

Location
Tennessee State Capitol
Executive Conference Room, Ground Floor
600 Dr. M.L.K. Jr. Blvd.
Nashville, TN 37243

Documents to download

CollegeSavingsBoard-of-TrusteesMeetingPacket07232024_REVISED(.pdf, 8.6 MB) - 1156 download(s)
CollegeSavingsBoard-of-TrusteesPublicMeetingNotice07232024(.pdf, 126.64 KB) - 1282 download(s)
CollegeSavingsBoard-of-TrusteesAgenda07232024_REVISED(.pdf, 122.74 KB) - 1155 download(s)

24Jul2023

College Savings Trust Fund Program Board of Trustees

7/24/2023 2:00 PM - 3:00 PM

Meeting Date and Time
Monday, July 24, 2023 at 2:00 PM CT

Location
Tennessee State Capitol, Executive Conference Room, Ground Floor
600 Dr. M.L.K. Jr. Blvd.
Nashville, TN 37243

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact the Board of Trustees of the College Savings Trust Fund Program no less than two (2) days prior to the scheduled meeting date to allow time for the Treasury Department to arrange for an accommodation. You may contact the Board of Trustees of the College Savings Trust Fund Program Staff by phone at (615) 532-5888 or by email to the Board Secretary, LaKesha Page, at tn.stars@tn.gov.

Learn more about the College Savings Trust Fund Program.

Documents to download

CSTF_BoardTrustees_PublicMeetingNotice_07242023(.pdf, 141.77 KB) - 1182 download(s)
College Savings Trust Fund Board Meeting Packet_7-24-2023(.pdf, 10.68 MB) - 1265 download(s)

Collateral Pool Board Members

The Board is comprised of the State Treasurer, Commissioner of Financial Institutions, a local government representative, and four members of the banking community.

Member	Title/Department
David H. Lillard, Jr.	Treasurer, State of Tennessee	Ex-Officio Member
Greg Gonzales	Commissioner, Financial Institutions	Ex-Officio Member
Tyler Clinch	President / CEO, First Community Bank of East Tennessee	Banking Industry
Megan Cassell	CFO, Builtwell Bank	Banking Industry
Karen Paris	Trustee, Williamson County	Local Government
Dane Smith	Corporate Treasurer, First Horizon	Banking Industry
Arthur Taylor	CFO, Citizens Bank of Lafayette	Banking Industry