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

The Board of Claims will meet at 9:00 a.m. (Central Time) on December 6, 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 will consider the items listed in its meeting notice.

Documents to download

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 items listed in its meeting notice.

Documents to download

Board of Claims

The Board of Claims will meet at 10:00 A.M. (Central Time) on August 9, 2022, in Conference Room E, Third Floor of the Tennessee Tower, 312 Rosa L. Parks Avenue, Nashville, Tennessee.

Documents to download

Board of Claims

The Board of Claims will meet at 10:00 a.m. (Central Time) June 22, 2022, in Conference Room D on the third floor of the Tennessee Tower, at 312 Rosa Parks Blvd., Nashville, Tennessee. The Board of Claims will consider the following:

  • Review and Approval of Minutes of March 25, 2022 meeting
  • Renewal of Insurance
  • Other Business

The Board of Directors of the Tennessee State Captive Insurance Company Meeting will begin immediately after the conclusion of the Board of Claims Meeting, which is anticipated to end at approximately 11 a.m. Wednesday, June 22. 

Documents to download

Board of Claims Staff Meeting

The Board of Claims staff will meet at 10:00 a.m. (Central Time) on Tuesday, June 7, 2022, in Conference Room D on the third floor of the Tennessee Tower, at 312 Rosa Parks Blvd., Nashville, Tennessee. The Board of Claims staff will review the following:

•    Minutes of March 25, 2022 meeting
•    Renewal of Insurance
•    Other Business

The Board of Directors of the Tennessee State Captive Insurance Company Meeting will begin immediately after the conclusion of the Board of Claims Staff Meeting, which is anticipated to end at approximately 11 a.m. Tuesday, June 7.

 

Documents to download

Board of Claims

The Board of Claims will meet at 10:00 a.m. (Central Time) Thursday, January 27, 2022, in the Executive Conference Room at the Tennessee State Capitol.

Documents to download

Board of Claims Meeting

The Board of Claims will meet at 1:30 p.m. (Central Time) Wednesday, October 6, 2021, via WebEx. 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.

Join the meeting via Webex

Documents to download

Board of Claims Staff Meeting

The Board of Claims Staff will meet at 11:15 a.m. (Central Time) Wednesday, September 29, 2021, via WebEx. 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.

Join the meeting via Webex

Documents to download

Board of Claims Meeting

The Board of Claims will meet at 2:30 p.m. (Central Time) August 10, 2021, via WebEx.

Join the meeting via Webex

The Board of Claims will consider the following agenda:
• Statement of Necessity;
• Review and Approval of Minutes of June 10, 2021 meeting;
• Discussion of Captive Insurance;
• Purchase of Insurance for Department of Labor;
• Opportunity for Public Comment; and
• Other Business

Documents to download

Tennessee Board of Claims

Meeting Date and Time

Tuesday, October 13, 2020 at 9:30 A.M. CT
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.

Attend this meeting via WebEx

Meeting number:  171 963 4711
Password:  MJnE49pJ9FM
OR
Join by phone:

Dial:  1-415-655-0003 US TOLL
Access code:  171 963 4711

Documents to download

Meeting Date abd Time

Thursday, October 8, 2020 at 3:00 P.M. CT
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.

Attend this meeting via WebEx

Meeting number:  171 676 1054
Password:  BMpzrpZm288
OR
Join by phone:

Dial:  1-415-655-0003 US TOLL
Access code:  171 676 1054

Documents to download

Tennessee Board of Claims

Meeting Date and Time

Friday, June 19, 2020 at 10:30 A.M. CT
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.

Attend this meeting via WebEx

Meeting number: 161 373 7253
Password: 8x2QFP5JmBY
OR
Join by phone

Dial: 1-415-655-0003 US TOLL
Access Code:  161 373 7253

Documents to download

Meeting Date and Time

Monday, June 15, 2020 at 3:00 P.M. CT
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.

Attend this meeting via WebEx

Meeting number: 161 948 5401
Password: FQipTNQB854
OR
Join by phone:

Dial: 1-415-655-0003 US TOLL
Access code: 161 948 5401

Documents to download

Tennessee Board of Claims

Meeting Date and Time

Monday, May 18, 2020 at 9:00 A.M. CT

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.

 

Attend this meeting via WebEx
Meeting number: 619 498 352
Password: zNN6WGVA32M

OR
Join by phone:
Dial: 1-415-655-0003 US TOLL
Access code: 619 498 352

Documents to download

Meeting Date and Time

Monday, May 11, 2020 at 10:00 A.M. CT

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.

 

Attend this meeting via WebEx
Meeting number: 612 413 264
Password: eJ62eP28RdP

OR
Join by phone:
Dial: 1-415-655-0003 US TOLL
Access code: 612 413 264

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

Is 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