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Marvin Smith Burt III, a businessman and retired banker, died Oct. 12, 1996, in Niagara-on-the-Lake, Ont., while setting marks for a sailboat race on Lake Ontario.

Burt, 62, of Buffalo, began his banking career in 1959 with Marine Midland Bank, where he became vice president of the commercial and construction division of the mortgage department. He helped establish more than 40 small companies under the aegis of Marine Trust Financial Services.

He later became an officer of Syracuse Savings Bank. Since 1992 he had owned Car Products, an electrical component rebuilding business in Cheektowaga.

A graduate of Ridley College, Hobart College and the Stonier Graduate School of Banking, Burt was a member of Kappa Alpha Society and the Buffalo Harbor Sailing Club.

Twice honored by the Junior Achievement Program, which he had joined in 1961, Burt was instrumental in starting after-school programs for making products.

He was an outdoorsman and enjoyed logging on his family property in East Otto. Burt also was a car-racing enthusiast and spent summers with the pit crew of a national racing team.

Survivors include a daughter, Jennifer K.; two sisters, Elizabeth B. Kotulak of Depew and Marjorie B. MacElroy of Clifton Park; and a brother, Marshall J. of Chicago.

A memorial service will be held at 11 a.m. Saturday in Parkside Lutheran Church at Wallace and Depew avenues.

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