Preheat the oven to 350°F (175°C). Grease a 9x5 inch loaf pan with butter or non-stick spray and line it with parchment paper.

In a large bowl, mash the bananas until mostly smooth with a few small chunks left for texture.

Stir in the melted butter, granulated sugar, brown sugar, eggs, vanilla extract, and milk. Whisk until the mixture is well combined and glossy.

Sift in the flour, baking soda, salt, and cinnamon. Use a spatula to gently fold the mixture together. Do not overmix; stop when the flour streaks disappear.

Gently fold in the white chocolate chips and chopped cherries. Ensure they are evenly distributed.

Pour the batter into the prepared pan. Smooth the top with a spatula. Bake for 55 to 65 minutes, or until a toothpick inserted into the center comes out clean or with just a few moist crumbs.

Let the bread cool in the pan for about 10 minutes before transferring it to a wire rack.