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: 6/3/2021 9:30 AM - 10:30 AM Export event
Jamie Page
/ Categories: Tennessee Financial Literacy Commission (TNFLC)

Tennessee Financial Literacy Audit Committee

The Tennessee Financial Literacy Audit Committee will meet at 9:30 a.m. Thursday, June 3, 2021, via Webex.

UPDATE  - This meeting was canceled due to a lack of quorum. It will be rescheduled for a later date.

A meeting of the Tennessee Financial Literacy Audit Committee has been scheduled for Thursday, June 3, 2021. A copy of the audit committee meeting agenda is included with this notice. The meeting will begin at 9:30 a.m. (central time) through WebEx Events.

The meeting will be conducted permitting participation using electronic or other means of communication pursuant to T.C.A. Section 8-44-108. Please contact Earle Pierce at (615) 253-2018 for more information.

Join the meeting by Webex

WebEx login information
Meeting number (access code): 172 190 3793
Meeting password:  kxBWmm96Mx5 

Print
20944

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