Preheat the oven to 350°F (175°C) and grease two 9-inch round cake pans.
In a large bowl, cream the butter and sugar until light and fluffy.
Add the eggs one at a time, mixing well after each addition.
Stir in the vanilla extract.
In a separate bowl, combine flour and baking powder.
Gradually add the dry ingredients to the wet mixture, alternating with the milk.
Fold in the fresh cherries gently to avoid breaking them.
Pour the batter evenly into the prepared pans.
Bake for 30-35 minutes or until a toothpick inserted comes out clean.
Allow the cakes to cool in the pans for 10 minutes before transferring to wire racks to cool completely.