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: 10/13/2020 9:30 AM - 10:30 AM Export event
Amanda Gargus

Tennessee Board of Claims

The Board of Claims will be meeting at 9:30 A.M. (Central Time) on October 13, 2020 via WebEx.

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

Print
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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. 


Ex-Officio Members

Member Title/Department
David H. Lillard, Jr.
Treasurer, State of Tennessee
Greg Gonzales
Commissioner, Financial Institutions
Tyler Clinch President / CEO, First Community Bank
Jerry Cooksey CFO, Reliant Bank
Harold Carpenter CFO, Pinnacle Bank
Bob Rial Mayor, Dickson County
Dane Smith

Corporate Treasurer, First Horizon


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