Remembering Larry Vasbinder: A Visionary in the Receivables Management Industry

AUSTIN, TX — The Receivables Management industry mourns the loss of a true visionary, Larry Vasbinder, founder of Second Round, who passed away unexpectedly this past weekend after post-surgical complications. Larry’s legacy is one of innovation, resourcefulness and an unwavering commitment to improving the consumer experience. His absence is deeply felt.

Starting his career in public accounting in 1990, Larry became a Certified Public Accountant and joined the tax department of KPMG Peat Marwick, furthering his interest in finance. Over the next 30 years, Larry excelled in a variety of leadership roles, including Chief Financial Officer and Chief Operating Officer, at financial services and consumer debt companies. During his career, Larry oversaw the acquisition of over 500 receivables portfolios.

“Over the years, Larry and I built not only a successful partnership, but a friendship rooted in trust, respect, and a shared vision. His innovative approach to problem solving has enabled us to assist countless consumers,” said Brian K. Williams, CEO of Crown Asset Management. “His contributions to his family, friends, the Second Round Team and the ARM Industry were immeasurable, and his legacy will live on in the selfless work he has done. We will continue to honor his memory by upholding the values and standards he set. He will be missed more than words can express.”

In 2008, Larry founded Second Round, recognizing a unique opportunity to bridge the gap between portfolio acquisitions and the burgeoning debt settlement industry. The innovative tools, techniques, and technologies that Larry and his team developed in the ensuing years have become integral to the way these financial services interact.

During this profoundly difficult time, the receivables industry community extends its heartfelt condolences and unwavering support to the Vasbinder family. Our thoughts and prayers are with Larry’s wife, Holly, his daughters Haley and Madison, and the entire Vasbinder family as they navigate this difficult time.

In lieu of flowers, donations can be made to two organizations close to Larry including Austin Metro Hockey Association and First Tee. Messages can be left for the Vasbinder family on DignityMemorial.com.

Services will be held in Austin, TX on Sunday 10/13/24. For further details about the services, please contact Sharon Huff at shuff@crownasset.com.