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: 6/15/2021 2:30 PM - 3:30 PM Export event
Jamie Page
/ Categories: Boards and Commissions

Tennessee Local Development Authority Audit Committee

The Tennessee Local Development Authority Audit Committee will meet at 2:30 p.m. CT Tuesday, June 15, 2021, via Webex

A meeting of the Tennessee Local Development Authority Audit Committee has been scheduled for Tuesday, June 15, 2021. The meeting will begin at 2:30 p.m. (Central Time) immediately following the TSSBA Audit Committee meeting, and will be held in the State Capitol, Executive Conference Room, Ground Floor, at 600 Dr. Martin Luther King Blvd, Nashville, Tennessee 37243.

The meeting will be conducted permitting participation by Audit Committee members using electronic or other means of communication pursuant to Tennessee Code Annotated § 8-44-108. Please contact Earle Pierce at (615) 253-2018 for more information.

Individuals with disabilities requiring special accommodation who wish to attend the meeting should contact Earle Pierce at (615) 253-2018 or to discuss any auxiliary aids or services needed to facilitate such participation.  Contact should be made no less than two business days prior to the scheduled meeting date in order to allow time to provide such aid or service.


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

Mailing Address

Bank Collateral Pool Board
P.O. Box 198785
Nashville, TN 37219-8785