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

Event date: 11/30/2023 1:00 PM Export event
Cassidy Denton
/ Categories: Collateral Pool Board

Collateral Pool Board Meeting

The Collateral Pool Board will meet virtually on November 30, 2023, at 1:00 p.m. (Central Time)

The Collateral Pool Board will meet on November 30, 2023, at 1:00 p.m. (Central Time). The meeting will be held virtually.  At the meeting, the Board will consider the items on the attached agenda.

Watch Meeting

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Roger Henry no less than two (2) days prior to the scheduled meeting to allow time for the Treasury Department to arrange for an accommodation. Roger Henry may be contacted by mail at 502 Deaderick Street, Andrew Jackson Building, 13th Floor, Nashville, Tennessee 37243; by phone at (615) 532-8722; or by email at Roger.D.Henry@tn.gov.

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Documents to download


Past Meetings

The Collateral Pool Board will meet at 1:00 p.m. (Central Time) on Wednesday, June 7, 2023. This will be a virtual meeting that will take place via TEAMS application. This meeting will include members of the Collateral Pool Board who will be participating by electronic means of communication.

Documents to download

Collateral Pool Board

Meeting Date and Time
Friday, October 2, 2020 at 2:30 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: 171 961 0539
Password: rvSipkBR887
OR
Join by phone:
Dial:
1-415-655-0003
Access Code: 171 961 0539
 

Documents to download

Collateral Pool Board Meeting

Meeting Date and Time
Friday, February 2, 2020 at 10:30 AM CT

Location
Tennessee State Capitol Building
Executive Conference Room
600 Martin Luther King Jr. Blvd.
Nashville, Tennessee

Documents to download

Collateral Pool Board Meeting

Meeting Date and Time
Thursday, September 7, 2017 at 3:30 PM CT

Location
Tennessee State Capitol Building
Conference Room G-11
600 Martin Luther King Jr. Blvd.
Nashville, Tennessee

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