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

Event date: 8/26/2021 3:00 PM - 4:00 PM Export event
Jamie Page
/ Categories: Advisory Council on Workers' Compensation

Advisory Council on Workers' Compensation

The Advisory Council on Workers' Compensation will meet at 3 p.m. C.T. Thursday, Aug. 26, 2021, via Webex.

The Advisory Council on Workers' Compensation will meet at 3:00 p.m. C.T. Thursday, August 26, 2021, via Webex.

The purpose of this meeting is for the Advisory Council to hear and consider presentations by officials, analysts and actuaries concerning the current workers’ compensation insurance markets in Tennessee and claims administration data trends in the workers’ compensation system. The meeting will also serve as preparation for a subsequent meeting within 4-6 weeks at which point the Advisory Council will make a recommendation to the Commissioner of the Department of Commerce and Insurance relative to the voluntary market loss cost filing by NCCI, proposed to be effective March 1, 2022.

In the interest of public safety and welfare, this meeting will be held by electronic means only and will not occur in a physical location.

View Meeting Video

Meeting number: 180 576 5213

Password: 3dAJk2QvKx4

or

Join by phone:
Dial: 415-655-0003
Access code: 180 576 5213

Print
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Documents to download

More links

  • View Meeting VideoView the video recording of the August 26th meeting of the Advisory Council on Workers Compensation

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
Allison Myers Financial Director, Town of Farragut
 Local Government
Dane Smith Corporate Treasurer, First Horizon Banking Industry
Arthur Taylor CFO, Citizens Bank of Lafayette Banking Industry

Contact Us

If you would like to participate in the Bank Collateral Pool:

Bank Collateral Pool
(615) 532-8722

Collateral.Pool@tn.gov

Mailing Address

Bank Collateral Pool Board
P.O. Box 198785
Nashville, TN 37219-8785