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

Meeting Date and Time
Tuesday, June 24, 2025 after the conclusion of the TNFLC Audit Committee meeting scheduled for 1:00 p.m. (CT)

Location
William R. Snodgrass Tennessee Tower
Nashville Room, 3rd Floor
312 Rosa L. Parks Blvd.
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Monday, June 23, 2025, immediately following the Board of Claims meeting that will begin at 1:00 p.m. (CT) and which is anticipated to end at approximately 2:00 p.m. (CT).

Location
William R. Snodgrass Tennessee Tower
Tennessee Room 1, 3rd Floor
312 Rosa L. Parks Blvd.
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Friday, March 7, 2025 at 10:00 a.m. CT

Location
William R. Snodgrass Tennessee Tower
Nashville Room, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, Tennessee 37243

Watch meeting

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Bridget Dorse at (615) 741-7063 with the Tennessee Consolidated Retirement System 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 the Tennessee Consolidated Retirement System at 502 Deaderick Street, 15th Floor, Andrew Jackson Building at (615) 741-7063 or the Board Administrator Jamie Wayman by email at jamie.wayman@tn.gov.    

The attached guidelines indicate how a public comment may be made at the Board meeting or the Committee meetings. 

Documents to download

Meeting Date and Time
Friday, March 7, 2025 at 9:00 a.m. CT

Location
William R. Snodgrass Tennessee Tower
Conference Room D, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, Tennessee 37243

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Bridget Dorse at (615) 741-7063 with the Tennessee Consolidated Retirement System 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 the Tennessee Consolidated Retirement System at 502 Deaderick Street, 15th Floor, Andrew Jackson Building at (615) 741-7063 or the Board Administrator Jamie Wayman by email at jamie.wayman@tn.gov.    

The attached guidelines indicate how a public comment may be made at the Board meeting or the Committee meetings. 

Documents to download

Meeting Date and Time
Friday, March 7, 2025 at 9:00 a.m. CT

Location
William R. Snodgrass Tennessee Tower
Conference Room E, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, Tennessee 37243

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Bridget Dorse at (615) 741-7063 with the Tennessee Consolidated Retirement System 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 the Tennessee Consolidated Retirement System at 502 Deaderick Street, 15th Floor, Andrew Jackson Building at (615) 741-7063 or the Board Administrator Jamie Wayman by email at jamie.wayman@tn.gov.    

The attached guidelines indicate how a public comment may be made at the Board meeting or the Committee meetings. 

Documents to download

Meeting Date and Time
Friday, March 7, 2025 at 8:00 a.m. CT

Location
William R. Snodgrass Tennessee Tower
Conference Room D, 3rd Floor
312 Rosa L. Parks Avenue
Nashville, Tennessee 37243

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Bridget Dorse at (615) 741-7063 with the Tennessee Consolidated Retirement System 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 the Tennessee Consolidated Retirement System at 502 Deaderick Street, 15th Floor, Andrew Jackson Building at (615) 741-7063 or the Board Administrator Jamie Wayman by email at jamie.wayman@tn.gov.    

The attached guidelines indicate how a public comment may be made at the Board meeting or the Committee meetings.

Documents to download

Meeting Date and Time
Thursday, December 12, 2024 at 9:00 a.m. CT

Location
State Capitol
Executive Conference Room
600 Marting Luther King, Jr. Blvd.
Nashville, Tennessee 37243

View the TN Promise Board Meeting Recording now

Documents to download

Meeting Date and Time
Monday, December 9, 2024 at 2:00 p.m. CT
(Immediately following the Board of Claims meeting that will begin at 1:00 p.m. (Central Time) and which is anticipated to end at approximately 2:00 p.m.)

Location
Tennessee State Capitol
Executive Conference Room, Ground Floor
600 Martin Luther King Jr. Boulevard
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Friday, December 6, 2024 at 10:00 a.m. CT

Location
Cordell Hull Building
House Hearing Room III, 1st Floor
425 Rep. John Lewis Way N.
Nashville, Tennessee 37243

Watch meeting LIVE.

Documents to download

Meeting Date and Time
Friday, December 6, 2024 at 9:00 a.m. CT

Location
Cordell Hull Building
Conference Room D, 8th Floor
425 Rep. John Lewis Way N.
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Friday, December 6, 2024 at 9:00 a.m. CT

Location
Cordell Hull Building
Conference Room C, 8th Floor
425 Rep. John Lewis Way N.
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Friday, December 6, 2024 at 8:00 a.m. CT

Location
Cordell Hull Building
Conference Room C, 8th Floor
425 Rep. John Lewis Way N.
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Tuesday, December 3, 2024 at 10:00 a.m. CT

Location
Tennessee Tower
Knoxville Room
312 Rosa L. Parks Blvd.
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Wednesday, November 13, 2024 at 11:00 AM CT

Location
William R. Snodgrass Tennessee Tower
Room E
312 Rosa L. Parks Avenue
Nashville, TN 37243

Documents to download

Meeting Date and Time
Friday, September 6, 2024 at 8:00 a.m. CT

Location
Cordell Hull Building
Conference Room C, 8th Floor
425 Rep. John Lewis Way N.
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Tuesday, July 23, 2024 at 2:00 PM CT

Location
Tennessee State Capitol
Executive Conference Room, Ground Floor
600 Dr. M.L.K. Jr. Blvd.
Nashville, TN 37243

Documents to download

Meeting Date and Time
Friday, June 28, 2024 at 2:30 p.m. CT or immediately after the conclusion of the TNFLC Audit Committee Meeting, whichever is earlier

Location
William R. Snodgrass Tennessee Tower
3rd Floor, Nashville Room
312 Rosa L. Parks Avenue
Nashville, Tennessee 37243

Documents to download

Meeting Date and Time
Friday, June 28, 2024 at 10:00 a.m. CT

Location
Cordell Hull Building
House Hearing Room III
425 Rep. John Lewis Way
Nashville, Tennessee 37243

Watch Live

Documents to download

Meeting Date and Time
Friday, March 22, 2024 at 10:00 a.m. CT

Location
Nashville Room on the Third Floor
William R. Snodgrass, Tennessee Tower

Watch video

Documents to download

The Tennessee Promise Board of Trustees will meet at 12:30 p.m. (Central Time) on December 14, 2023 in the Volunteer Conference Room of the Cordell Hull Building located at 425 Rep. John Lewis Way North, Nashville, Tennessee 37243.

Documents to download

Meeting Date and Time
Tuesday, December 5, 2023 at 2:30 p.m. CT

Location
Tennessee Tower
Conference Room A
312 Rosa L. Parks Avenue
Nashville, TN  37243

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Rodney Escobar no less than two (2) days prior to the scheduled meeting to allow time for the Treasury Department to arrange for an accommodation.  Rodney Escobar may be contacted by mail at 502 Deaderick Street, Andrew Jackson Building, 13th Floor, Nashville, Tennessee 37243; by phone at (615) 741-9957; or by email at Rodney.Escobar@tn.gov.

Documents to download

Board of Claims Staff Meeting

Meeting Date and Time
Tuesday, December 5, 2023 at 2:00 p.m. CT

Location
Tennessee Tower
Conference Room A
312 Rosa L. Parks Avenue
Nashville, TN  37243

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Rodney Escobar no less than two (2) days prior to the scheduled meeting to allow time for the Treasury Department to arrange for an accommodation.  Rodney Escobar may be contacted by mail at 502 Deaderick Street, Andrew Jackson Building, 13th Floor, Nashville, Tennessee 37243; by phone at (615) 741-9957; or by email at Rodney.Escobar@tn.gov.

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
Karen Paris Trustee, Williamson County
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