 Also in 1912, it was falsely reported that the Astor Trust Company was merging with the Jefferson and Century Banks.On April 23, 1917, the Astor Trust Company merged with Bankers Trust, which had been talked of for some time as both banks had a number of directors in common (e.g.Seward Prosser was president of the Bankers and a director of the Astor and Edmund C. Converse was president of the Astor and a director of the Bankers).