News: Financial Digest
Posted: May 13, 2022
Eastern Bank adds Charles D. Sheehy as commercial customer
Boston, MA Eastern Bank has added 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, 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.
“We are thrilled to expand our relationship with Eastern Bank that started over 20 years ago,” said Jeffrey Camuso, president of Sheehy.
“Eastern takes time to understand our needs and challenges, and is able to fit products to our needs.”
“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.
Eastern 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.
The 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.
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