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: 12/9/2024 2:00 PM Export event
Amanda Gargus
/ Categories: Boards and Commissions, Tennessee State Captive Insurance Company

Tennessee Captive Insurance Company Board of Directors Meeting

The Board of Directors of the State of Tennessee Captive Insurance Company will meet on December 9, 2024.

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

The Board will review the following:

  • Minutes of October 9, 2024 Board Meeting
  • Audit Report for Captive
  • Opportunity for Public Comment on Audit Report
  • SAS Captive Report and Opinion for Captive
  • Opportunity for Public Comment on Captive Report and Opinion for Captive
  • Regulatory Compliance Information
  • Other Business
  • Opportunity for Public Comment on Other Business

To make a public comment at the meeting or to submit a written public comment for the meeting, you must register as a “speaker” by submitting a written notification by email through Treasury.PublicComments@tn.gov at least three (3) business days in advance of the meeting of the State of Tennessee Captive Insurance Company Board of Directors.  The written notification must include your name, the agenda item(s) upon which you wish to comment, whether you are in favor of or opposed to the agenda item(s), and a brief summary of the issue to be addressed.  You are only allowed to make public comment germane to the agenda items.  Registered speakers for a specific agenda topic will be selected on a first-come, first-served basis based on the time of registration.  The instructions and formal guidelines for making a public comment are attached to this Notice.

Individuals with disabilities who wish to participate in these proceedings and require an accommodation should contact Rodney Escobar, Director of Claims and Risk Management, 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 Board of the State of Tennessee Captive Insurance Company at 502 Deaderick Street, Nashville, Tennessee 37243, (615) 741-2734, or Rodney Escobar by email at Rodney.Escobar@tn.gov.

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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. 




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