Ken Marblestone brings to Cascade Partners more than 25 years of experience in capital markets and advising middle market businesses. Most of his career has been in middle market commercial banking where he was involved in more than $1.5 billion in debt and equity transactions; and he led teams that managed over $2 billion in assets.
Marblestone began his career at National Bank of Detroit and advanced from a Commercial Credit Analyst to a Senior Vice President leading wealth management offices in Detroit and Grosse Pointe, Michigan. While at National Bank of Detroit and its successor company, Bank One, he was selected to begin new business lines in consumer banking and wealth management. He was a commercial real estate banker in Detroit and on the East coast. Following his experience at Bank One, he was president and part owner of iCap Realty Advisors, a commercial real estate mortgage banking firm. The iCap team cultivated relationships with commercial real estate owners and found the best sources of capital for its clients by creating strong relationships with bank and conduit lenders nationally. During Ken’s 30 months at iCap, loan production grew from $100 million to $300 million. He managed all aspects of the business including loan origination and sales, balance sheet management and cash flow forecasting.
Upon joining Citizens Bank ($127 billion in assets), Marblestone was charged with creating and building the commercial bank in Michigan. In this role he began three specialized banking teams (healthcare and not-for-profit, private banking and professionals banking) and created $5 million in profit in three years from inception.
Ken and his family moved to Cleveland in 2009 when he was promoted to President of Citizens Bank for Ohio. There he led a 15-person leadership team including retail, consumer lending, and all commercial business lines. In that role he increased revenue per FTE from $600,000 in 2011 to $900,000 in 2013 and grew the middle market banking portfolio from $450 million to $600 million. Before leaving Citizens Bank at the end of 2013, he was promoted to President of the Ohio and Michigan markets.
Ken has been an active participant in a variety of community organizations. He serves on the strategic planning committee, finance committee and board of directors of Menorah Park, the investment committee of the Mt. Sinai Health Care Foundation, and on the finance committee and board of directors of the Community Fund Management Foundation. Prior to 2018 he was on the executive committee at Lawrence School, and was chairman of the Village Capital Board of Directors. He also served as co-chair for the Cleveland Foodbank’s Harvest for Hunger campaign.
Ken is an exercise enthusiast, avid snow skier and has 3 daughters. He received his undergraduate degree from Albion College and his MBA in finance from Michigan State University.