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Larry Selnick

Larry Selnick, Director, Treasury and Payment Solutions for Webster Bank Larry and his team of Commercial Deposit and Payment professionals work with Webster’s customers to increase their profits by collecting receivables, disbursing funds and investing cash more efficiently and cost effectively, and by providing timely information on their cash flow position. He has over 30 years of banking experience including cash management systems, bank operations and product management. He joined Webster’s management team in 1995 to design, implement and deliver Cash Management services to commercial clients. Larry serves on the New England ACH Board of Directors, NACHA’s Internet Council on internet payments, the Treasury Management of New England membership committee and is a frequent speaker on Fraud Awareness and other payment industry trends and issues. Active in the community, Larry currently serves on the Board of Directors for the Connecticut Chapter of the Red Cross and the United Way of Connecticut/211 Call Center. Larry also serves on the Southern Connecticut University School of Business Finance Advisory Board. He was recently elected by the School of Business as a honorary member of the Delta Mu Delta Business Honor Society. Larry received his BA from Western Connecticut State University and is a graduate of the University of Virginia Graduate School of Banking in cooperation with the Consumer Banking Association. Larry has also completed the UCONN MBA Business Mastery Program. He is a member of the Central Connecticut Association for Financial Professionals as well as the National Association for Financial Professionals (AFP). Larry holds the Certified Treasury Professional designation for the AFP.

Larry's Blog Articles

I was visiting my son in Boston on the night an electrical transformer exploded in the Back Bay area, knocking out power. It was strange to look down Boylston Street and not see any lights! A recent article in the Boston Business Journal described the impact this freak occurrence had on local businesses, and it reminded of the way many of our Webster Bank clients were affected by the Halloween Blizzard of 2011. Our Cash Management services team put together this list so that our business clients can be prepared for the next disaster.   [. . .]
Have you ever received an email with a similar message like these? “We suspect an unauthorized transaction on your account. To ensure that your account is not compromised, please login below to your online banking profile [. . .]
Cyber criminals are on the attack and more and more of their targets are small businesses. [. . .]
As if small business owner's don’t have enough to worry about, they also face a mostly hidden but powerful threat – cyber-attacks. [. . .]