IBJ Schroder Bank and Trust Co., New York, announced last week plans to expand its regional secured-lending business.

In a statement, Dennis Buchert, president and chief executive officer, said the bank's secured-lending unit, IBJ Schroder Business Credit Corp., would open offices in four cities this year.

The unit, which has long-standing offices in New York and Cleveland, opened locations in Atlanta and Boston earlier this year, IBJ said.

IBJ Schroder Business Credit provides middle-market companies with senior secured debt for acquisitions, turnarounds, and other purposes.

IBJ Schroder Bank and Trust Co., a unit of Industrial Bank of Japan Ltd., has $2.2 billion of assets.

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