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: 10/6/2022 10:00 AM Export event
Amanda Gargus

Board of Trustees for the Chairs of Excellence Endowment Trust Fund

The Board of Trustees for the Chairs of Excellence Endowment Trust Fund will meet at 10:00 a.m. (Central Time), October 6, 2022, in Conference Room 8D in the Cordell Hull Building, 425 Rep. John Lewis Way North, Nashville, Tennessee 37243.

Meeting Date and Time
Thursday, October 6, 2022 at 10:00 a.m. CT

Location
Cordell Hull Building—Conference Room 8D
425 Rep. John Lewis Way N.
Nashville, TN 37243

The Board of Trustees for the Chairs of Excellence Endowment Fund will meet at 10:00 a.m. (Central Time) on Thursday, October 6, 2022 in Conference Room D on the 8th Floor of the Cordell Hull Building located at 425 Rep. John Lewis Way North, Nashville, Tennessee 37243.

At the meeting, the Board of Trustees will consider the items listed on the attached agenda.

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact the Financial Empowerment Division no less than two (2) days prior to the scheduled meeting to allow time for the Treasury Department to arrange for an accommodation. The Financial Empowerment Division may be contacted by mail at 502 Deaderick Street, Andrew Jackson Building, 15th Floor, Nashville, Tennessee 37243; by phone at (615) 532-8056; or by email at Jaye.Chavis@tn.gov.

Learn more about the Chairs of Excellence Trust

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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