Business
Eastern Bank Welcomes Leading Mechanical Industry Supplier Charles D. Sheehy, Inc. As A Commercial Customer
Provides Financing For Working Line Of Credit, Term Loan And Commercial Real Estate Mortgage BOSTON--(BUSINESS WIRE)-- Eastern Bank is pleased to announce
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":"\nProvides Financing For Working Line Of Credit, Term Loan And Commercial Real Estate Mortgage\n\n BOSTON--(BUSINESS WIRE)--\nEastern Bank is pleased to announce Charles D. Sheehy, Inc. (Sheehy) as a new commercial banking customer. Founded in 1951, Sheehy is a fourth-generation, privately-owned supplier of pipes, valves, fittings and mechanical products serving the contracting industry in New England. Headquartered in Avon, MA, Sheehy has more than 50 employees. Eastern Bank is providing financing for a working line of credit, term loan and commercial real estate mortgage to support the company’s ongoing financial and growth needs.\n\n“We are thrilled to expand our relationship with Eastern Bank that started over 20 years ago,” said Jeffrey Camuso, President of Charles D. Sheehy, Inc. “Eastern takes time to understand our needs and challenges, and is able to fit products to our needs.”\n\n“Charles D. Sheehy, Inc. prides itself on delivering a high level of service and extensive inventory to its clients, and we are proud to assist with their financing solutions,” said Greg Buscone, Executive Vice President, Senior Commercial Banking Officer of Eastern Bank.\n\nEastern provides a range of commercial financing offerings to help companies across many industries to improve cash flow, increase efficiencies and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending and employee stock ownership plan-related financing.\n\nThe Commercial Banking team advising Sheehy includes Executive Vice President, Senior Commercial Banking Officer Greg Buscone, Senior Vice President and Commercial Team Leader James Murphy, and Senior Vice President and Commercial Group Director Dan Field.\n\nAbout Eastern Bank\n\nFounded in 1818, Boston-based Eastern Bank has more than 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of December 31, 2021, Eastern Bank had approximately $24 billion in total assets. Eastern provides banking, investment and insurance products and services for consumers and businesses of all sizes, including through its Eastern Wealth Management division and its Eastern Insurance Group LLC subsidiary. Eastern takes pride in its outspoken advocacy and co...