 Ackerman also dabbled in banking by helping form Republic National Bank on Fifth Avenue, and owned, for a time, a Californian bank.At the time of his death, Martin served on the boards of Zales, Non-Invasive Monitoring Systems, Adience and Calton Home Builders.On June 14, 1993, Ackerman was named chairman, president and chief executive officer of Standard Brands Paint Co. as part of the plan that brought the company out of Chapter 11 federal bankruptcy protection.