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

Past Meetings

10Jun2026

TNFLC Board of Directors Meeting

6/10/2026 1:30 PM

Meeting Date and Time
Wednesday, June 10, 2026 at 1:30 p.m. (CT)

Location
Andrew Jackson State Office Building
Treasury Conference Center, 13th Floor
502 Deaderick Street
Nashville, TN 37243

Documents to download

TNFLC_Board_Directors_Public_Meeting_Notice_June 10_2026(.pdf, 515.09 KB) - 464 download(s)
TNFLC_Board Directors_Meeting_Agenda_June 10_2026(.pdf, 201.15 KB) - 458 download(s)

10Jun2026

TNFLC Audit Committee Meeting

6/10/2026 1:00 PM

Meeting Date and Time
Wednesday, June 10, 2026 at 1:00 p.m. (CT)

Location
Andrew Jackson State Office Building
Treasury Conference Center, 13th Floor
502 Deaderick Street
Nashville, TN 37243

Documents to download

TNFLC_AuditCommittee_Public_Meeting_Notice_June 10_2026(.pdf, 270.96 KB) - 458 download(s)
TNFLC_AuditCommittee_Agenda_June 10_2026(.pdf, 472.43 KB) - 445 download(s)

30Mar2026

TNFLC Executive Committee Board of Directors Meeting

3/30/2026 10:00 AM

Meeting Date and Time
Monday, March 30, 2026 at 10:00 a.m. (CT)

Location
Tennessee State Capitol
Executive Conference Room, Ground Floor
600 Dr. Martin Luther King Jr., Blvd.
Nashville, Tennessee 37243

Documents to download

TNFLC_Executive_Committee_Public_Meeting_Notice_2026.03.30(.pdf, 214.36 KB) - 675 download(s)
TNFLC_Executive_Committee_Meeting_Agenda_2026.03.30(.pdf, 183.94 KB) - 690 download(s)
TNFLC_Executive_Committee_Public_Meeting_Notice_2026.03.30_REVISED(.pdf, 284.24 KB) - 659 download(s)

24Jun2025

TNFLC Board of Directors Meeting

6/24/2025 1:30 PM

Meeting Date and Time
Tuesday, June 24, 2025 after the conclusion of the TNFLC Audit Committee meeting scheduled for 1:00 p.m. (CT)

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

Documents to download

TNFLC_Board-of-Directors_Public-Meeting-Notice_06-24-2025(.pdf, 127.62 KB) - 1122 download(s)
TNFLC_Board-of-Directors_Agenda_06-24-2025(.pdf, 122.98 KB) - 1096 download(s)

24Jun2025

TNFLC Audit Committee Meeting

6/24/2025 1:00 PM

Meeting Date and Time
Tuesday, June 24, 2025 at 1:00 p.m. (CT)

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

Documents to download

TNFLC_Audit-Committee_Public-Meeting-Notice_06-24-2025(.pdf, 136.3 KB) - 1109 download(s)
TCRS_Audit_Committee_Agenda_6_6_2025(.pdf, 178.12 KB) - 1110 download(s)

7Jan2025

TNFLC Executive Committee Meeting

1/7/2025 1:00 PM

Meeting Date and Time
Tuesday, January 7, 2025, at 1:00 p.m. (Central Time)

Location
Tennessee State Capitol
State Treasurer's Conference Room, First Floor
600 Dr. Martin Luther King, Jr., Blvd.
Nashville, TN 37243

Documents to download

TNFLC_Executive_Committee_Agenda_01-07-2025(.pdf, 166.54 KB) - 1047 download(s)
TNFLC_Executive_Committee_Public_Meeting_Notice_01-07-2025(.pdf, 135.22 KB) - 1030 download(s)

28Jun2024

TNFLC Board of Directors Meeting

6/28/2024 2:30 PM

Meeting Date and Time
Friday, June 28, 2024 at 2:30 p.m. CT or immediately after the conclusion of the TNFLC Audit Committee Meeting, whichever is earlier

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

Documents to download

TNFLC Board of Directors Public Meeting Notice 06282024-Re-Revised(.pdf, 136.39 KB) - 1268 download(s)
TNFLC Board of Directors Agenda 06282024-REVISED(.pdf, 107.58 KB) - 1250 download(s)

28Jun2024

TNFLC Board of Directors Audit Committee

6/28/2024 2:00 PM

Meeting Date and Time
Friday, June 28, 2024 at 2:00 p.m. CT

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

Documents to download

TNFLC Public Meeting Notice Audit Committee 06282024-REVISED(.pdf, 136.13 KB) - 1271 download(s)
TNFLC Audit Committee Agenda 06282024-REVISED(.pdf, 113.36 KB) - 1300 download(s)

22Jun2023

TNFLC Board of Directors Meeting

6/22/2023 10:00 AM

The Tennessee Financial Literacy Commission (TNFLC) Board of Directors will meet on June 22, 2023 at 10:00AM (Central Time) or immediately after the conclusion of the TNFLC Audit Committee Meeting, whichever is earlier, in Classroom 1 at the Tennessee State Library and Archives, located at 1001 Rep. John Lewis Way N., Nashville, Tennessee 37219.

Documents to download

TNFLCBoardMeetingNotice_2023-06-22(.pdf, 127.91 KB) - 1307 download(s)
TNFLCBoardMeetingAgenda_2023-06-22(.pdf, 109.84 KB) - 1240 download(s)

22Jun2023

TNFLC Board of Directors Audit Committee

6/22/2023 9:30 AM

The Audit Committee of the Tennessee Financial Literacy Commission Board of Directors will meet at 9:30 a.m. (Central Time) on June 22, 2023 in Classroom 1 at the Tennessee State Library and Archives, located at 1001 Rep. John Lewis Way N., Nashville, Tennessee 37219.

Documents to download

TNFLCAuditCommitteeMeetingNotice_2023-06-22(.pdf, 125.9 KB) - 1323 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