It was initially located in the Singer Building at Liberty Street and Broadway in Lower Manhattan's Financial District.

[8] To facilitate the merger, Thorne employed a corporation to hold a majority of the stocks, with the Times writing that "Wall Street had never seen the idea applied to the control of banking institutions."

[8] Stock in all three companies was also placed under the control of a committee, consisting of Charles T. Barney, George R. Sheldon, Hosmer B. Parsons, Emerson McMillin, Oakleigh Thorne, and William H.

[12] On the afternoon of Tuesday, October 22, the president of the Trust Company of America asked J.P. Morgan for assistance.

[13] President Oakleigh Thorne believed his Trust Company of America bank was in sound financial condition until a New York Times article stated otherwise.

[14][15] According to 1912 witness testimony by Oakleigh Thorne, the run was caused when on October 23, 1907, the New York Times reported that George W. Perkins had made a statement that help was to be extended to the company.

[6] The Times later acknowledged this argument, and denied they were the cause, calling the assertion "perversions of fact" and stating Thorne's comment had been published in seven other newspapers as well.

[14][15] After the overnight audit of the Trust Company of America showed the institution to be sound, on Wednesday afternoon October 23 Morgan declared, "This is the place to stop the trouble, then.

The bank survived to the close of business, but Morgan knew that additional money would be needed to keep it solvent through the following day.

[18] On November 6, 1907, Trust Company of America president Oakleigh Thorne met with J. P. Morgan and others in a conference.

[5] By early 1912, the trust continued to have a "large building advantageously situated in the financial district," owning the skyscraper at 37 to 43 Wall Street.

[21] As of January 1941, Arthur S. Kleeman was president of the Colonial Trust Company, which remained a commercial bank in New York.

[23] Directors for the new company were selected on May 22, 1899, and included Ashbel P. Fitch, William Barbour, Charles F. Cutler, John R. Hegeman, Henry O. Havemeyer, Myron T. Herrick, Henry S. Manning, Emerson McMillin, E. C. Converse, James M. Donald, Alvah Trowbridge, Samuel A. Maxwell, J. William Clark, Joel Francis Freeman, William E. Spier, Anson R. Flower, George Blumenthal, Henry S. Redmond, C. I. Hudson, S. C. T. Dodd, Willard Brown, Philip Lehman, and Edward F.

[24] By early 1912, directors included Ashbel P. Fitch, Oakleigh Thorne, Albert B. Boardman, William H. Chesebrough, Charles D. Frecman, H. B. Hollins, Frank P. Lawrence, Charles C. Meyer, Seth M. Milliken, Morgan J. O'Brien, Joseph J. O'Donohoue Jr., Lowell M. Palmer, Stephen Peabody, E. Clifford Potter, William F. Sheehan, George R. Sheldon, P. F. Shoemaker, and W. K. Vanderbilt Jr.[18]