Cathy Scherer

Cathy Scherer has extensive experience in the banking industry, particularly in commercial real estate. Cathy started their career in 1983 at Citytrust, where they completed a credit training program and worked as a Vice President Commercial Real Estate Lender until 1990. During this time, they generated new business and handled loans ranging from $1MM to $15MM.

Cathy then joined First Niagara Bank in 1998 as an Underwriter/Credit Analyst, where they underwrote C&I and Commercial Real Estate loans and performed real estate evaluations on properties with loans under $250M.

In 2003, Cathy worked at The Michaud Company as a Provisional Commercial Real Estate Appraiser for a year before moving on to Guilford Savings Bank from 2004 to 2011. At Guilford Savings Bank, they served as the Vice-President Commercial Loan Manager and was responsible for managing the Commercial Lending Department. Cathy also generated new business relationships and structured, underwrote, and closed Commercial Real Estate and C&I loans.

From 2011 to 2013, Cathy worked at Webster Bank as a Vice President Portfolio Manager, where they monitored credit relationships, maintained the integrity of an assigned loan portfolio, performed annual reviews, and underwrote new loan transactions for companies with sales of $50MM to $500MM.

Prior to their current position, Cathy was employed at Belmont Savings Bank from 2013 to 2016 as a Vice President Commercial Real Estate Lender.

Since 2016, Cathy has been with Eastern Bank, initially as a Vice President Commercial Real Estate Relationship Manager and currently as a Senior Vice President Commercial Real Estate Relationship Manager. Their responsibilities include managing commercial real estate relationships and providing strategic guidance to clients.

Cathy Scherer holds a B.A. degree in Business from Albertus Magnus College. The duration of their education at this institution is unknown.