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: 9/20/2023 9:00 AM Export event
Cassidy Denton
/ Categories: Advisory Council on Workers' Compensation

Advisory Council on Workers’ Compensation Meeting

The Advisory Council on Workers’ Compensation will convene on September 20, 2023, at 9:00 a.m. (CT).

The Advisory Council on Workers’ Compensation will convene on September 20, 2023, at 9:00 a.m. Central Time in the Cordell Hull Building Senate Hearing Room I located at 425 Rep. John Lewis Way N., Nashville, Tennessee 37243.

The Advisory Council on Workers’ Compensation will consider the items in the agenda.

You must register by email to the Council Administrator, Kevin McNelis, three (3) days in advance of the Advisory Council on Workers’ Compensation meeting in order to submit a comment or request the opportunity to make a public comment at the meeting about an item or items on the agenda, if allowed. If you do not register three (3) days in advance of the meeting, you will not be allowed to make a public comment at the meeting.

The period for public comment shall not exceed fifteen (15) minutes, and each member of the public permitted to address the Board shall be limited to three (3) minutes to make his or her public comments. No more than five (5) members of the public will be allowed to address the Board during each meeting.

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact the Advisory Council on Workers’ Compensation no less than two (2) days prior to the scheduled meeting date to allow time for the Department of Treasury to arrange for an accommodation. You may contact the Advisory Council on Workers’ Compensation Staff by phone at (615) 347-3791 or by email to the Administrator, Kevin McNelis, at Kevin.M.McNelis@tn.gov.

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Documents to download

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