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: 11/29/2022 9:00 AM Export event
Cassidy Denton
/ Categories: Board of Claims

Board of Claims Staff Meeting

The Board of Claims Staff will meet at 9:00 a.m. (Central Time) on November 29, 2022.

The Board of Claims Staff will meet at 9:00 a.m. (Central Time) on November 29, 2022 in Executive Conference Room on the Ground Floor of the State Capitol located at 600 Martin Luther King Jr. Blvd., Nashville, Tennessee. The Board of Claims Staff will review the following:

  • Review of the October 6, 2022 meeting minutes;
  • Defense Counsel Report FY 2022;
  • SAS Actuarial Report;
  • Amended Budget Request for FY 2023;
  • Budget Request for FY 2024;
  • Proposed Policy and Procedure for the Administration of Insurance Proceeds; and
  • Other Business.

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 two (2) days prior to the scheduled meeting date to allow time for the Treasury Department to arrange for an accommodation. You may contact Rodney Escobar by email at Rodney.Escobar@tn.gov, or by contacting the Board of Claims at 502 Deaderick Street, Nashville, Tennessee 37243, (615) 741-2734.

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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