IBJ Schroder Bank and Trust Co., New York, has signed a 10-year outsourcing deal with M&I Data Services Inc. The contract expands the vendor's previous service bureau agreement with IBJ Schroder's Miami office. Now, it will handle all of the data processing for the $5 billion-asset commercial bank. The value of the contract was not disclosed.
IBJ's systems are scheduled to operate out of M&I's data center in Brown Deer, Wis., starting in the first quarter of 1993.