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
Thursday, October 6, 2022 at 11:00 AM CT

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

This meeting may be conducted permitting participation by electronic or other means of communication pursuant to Tenn. Code Ann. § 8-44-108.  Individuals who are unable to attend in person may attend the meeting by following the below WebEx instructions:

Meeting Link

Phone: +1-415-655-0001
Meeting number: 2300 706 0240
Password: MMfBbPyc372

Learn more about the College Savings Trust Fund Program.

Documents to download

The College Savings Trust Fund Program Board of Trustees will convene at 1:00 p.m. (Central Time) Monday, July 18, 2022, in Conference Room 8C on the 8th Floor of the Cordell Hull Building at 425 Rep. John Lewis Way N., Nashville, TN 37243.

This meeting may be conducted permitting participation by electronic or other means of communication pursuant to Tenn. Code Ann. § 8-44-108. Individuals who are unable to attend in person may attend the meeting by following the below WebEx instructions:

Join the meeting by Webex

Phone: (415) 655-0001 US Toll

Meeting Number: 2304 797 2491

Meeting Password: K5pWQRgKC23

Documents to download

The Joint Audit Committee of the Board of Trustees for the Chairs of Excellence Trust and the College Savings Trust Fund Program will meet at 9:40 a.m. (Central Time) Thursday, October 7, 2021. This will be a virtual meeting via Microsoft Teams. This meeting will permit participation by electronic or other means of communications pursuant to T.C.A. § 8-44-108.

Join the meeting via Teams

Documents to download

The College Savings Trust Fund Program Board of Trustees will meet at 11:00 a.m. CT Thursday, July 15, 2021, via Webex. The Board will consider the items in the attached agenda.

Join the meeting by Webex

Meeting Access Code: 1722407781

To join only by phone, call 415-655-0001 and enter the Meeting Access Code: 172 240 7781

Documents to download

The College Savings Trust Fund Program will convene on January 20, 2021 at 2:00 p.m. CT via Webex. In the interest of public safety and welfare, this meeting will be conducted permitting participation by electronic or other means of communications pursuant to T.C.A. § 8-44-108.

Meeting Date and Time

Wednesday, January 20, 2021 at 2:00 P.M. CT

Attend this meeting via WebEx

Meeting number: 178 533 6758
Password: b5Q8ns4DuNw
OR
Join by phone:

Dial: 1-415-655-0003 US TOLL
Access code: 178 533 6758

Documents to download

Meeting Date and Time
Thursday, October 8 2020 at 9:45 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 WeEx
Meeting number: 171 196 7391
Password: xpDmPmEH635
OR
Join by phone

Dial: 1-415-655-0003
Access Code: 171 196 7391

Learn more about the Chairs of Excellence Trust

Learn more about the College Savings Trust Fund Board

Documents to download

Meeting Date and Time

Wednesday, July 15, 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: 161 914 2273
Password: ptKQYdMR282
OR
Join by phone:

Dial: 415-655-0003
Access code: 161 914 2273

Meeting Date and Time

Tuesday, October 1, 2019 at 9:45 AM CT

Meeting Location

Tennessee State Capitol (Ground Floor)
Executive Conference Room
600 Martin Luther King Jr. Blvd.
Nashville, TN

Learn more about the Chairs of Excellence Trust

Learn more about the College Savings Trust Fund Board

Meeting documents are available for download below.

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