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: 8/3/2023 11:00 AM Export event
Cassidy Denton
/ Categories: Board of Claims

Board of Claims Staff Meeting

The Board of Claims Staff will meet at 11:00 a.m. (Central Time) on August 3, 2023.

The Board of Claims Staff will be meeting at 11:00 A.M. (Central Time) on August 3, 2023. The meeting will be held in the Executive Conference Room on the Ground Floor of the State Capitol located at 600 Dr. M.L.K. Jr Blvd, Nashville, TN 37243. The Board of Claims Staff will review the following:

  • Minutes of June 23, 2023 Board of Claims meeting;
  • The settlement entered in the matter of Roberts v. Gibbs, USDC EDTN, 3:20-cv-00322;
  • Opportunity for Public Comment; and
  • Other Business

You must register by email to the Board Secretary, Rodney Escobar, at, one day in advance of the Board of Claims Staff 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 one day 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 of Claims Staff 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 of Claims Staff during the meeting.

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Rodney Escobar, Director of Claims and Risk Management, no less than one day prior to the scheduled meeting date to allow time for the Treasury Department to arrange for an accommodation.  You may contact the Board of Claims Staff at 502 Deaderick Street, Nashville, Tennessee 37243, (615) 741-2734, or Rodney Escobar by email at


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

Mailing Address

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