 Brown & Sons in 1997, however, Deutsche Bank agreed to purchase Bankers Trust for $10.1 billion in November 1998.Deutsche Bank sold The Trust and Custody division of Bankers Trust to State Street Corporation in February 2003.In 1915, the Oceanic Investment Company announced the construction of a new building at the northeast corner of Fifth Avenue and 42nd Street to replace a commercial building built by the Pottier & Stymus Company (which itself replaced the House of Mansions, which had been built in 1856 by Alexander J. Davis).