▁occup ying ▁three ▁flo ors , ▁will ▁be ▁arranged ▁as ▁a ▁single ▁floor , ▁with ▁the ▁ce iling ▁rising ▁thirty - five ▁feet ▁above ▁the ▁main ▁bank ing ▁room . ▁Three ▁lo fty ▁arch ed ▁windows ▁will ▁over look ▁Fif th ▁Avenue ▁from ▁the ▁bank ing ▁floor ." ▁ ▁The ▁building ▁was ▁designed ▁by ▁architect ▁Ernest ▁Fl agg , ▁who ▁was ▁known ▁for ▁design ing ▁the ▁Thomas ▁Cook ▁building ▁at ▁ 5 6 5 ▁Fif th ▁Avenue . ▁The ▁Ast or ▁Trust ▁Company ▁building ▁was ▁eventually ▁renamed ▁the ▁Bank ers ' ▁Trust ▁building , ▁which ▁stands ▁to ▁this ▁day . ▁ ▁In ▁ 1 9 1 9 , ▁Bank ers ▁Trust ▁acquired ▁its ▁second ▁u pt own ▁location ▁at ▁the ▁north west ▁corner ▁of ▁Mad ison ▁Avenue ▁and ▁ 5 7 th ▁Street ▁from ▁the ▁Union ▁Trust ▁Company ▁and ▁expanded ▁its ▁main ▁location ▁at ▁ 1 4 ▁Wall ▁Street ▁and ▁N ass au ▁Street ▁by ▁acqu iring ▁the ▁property ▁adjacent ▁to ▁their ▁headquarters ▁( which ▁was ▁completed ▁in ▁ 1 9 1 2 ) ▁from ▁William ▁Wald orf ▁Ast or , ▁Baron ▁Ast or , ▁for ▁approximately ▁$ 1 , 7 5 0 , 0 0 0 . ▁ ▁Aff ili ated ▁people ▁ ▁Notable ▁former ▁employees ▁Notable ▁employees ▁of ▁the ▁bank ▁included : ▁ ▁George ▁Fish er ▁Baker ▁( first ▁president ) ▁ ▁Edmund ▁C . ▁Con verse ▁( pres ident ) ▁ ▁Charles ▁A . ▁Pe ab ody ▁Jr . ▁( first ▁vice - pres ident ) ▁ ▁Thomas ▁C och