All Eyes on M&T

June 23, 2014 Updated Jun 23, 2014 at 7:41 AM EDT

By Elizabeth Carey

June 23, 2014 Updated Jun 23, 2014 at 7:41 AM EDT

The banking industry is keeping a close eye on M&T Bank. That's the cover story in this week's Business First. M&T Bank has been working on acquiring Hudson City Bancorp, the largest savings bank in New Jersey, for years. The plans were first made public in August 2012. The $3.7 billion deal is still in limbo. A regulatory hurdle is holding up progress and it's costing M&T millions of dollars to fix. The heightened regulatory scrutiny is also affecting other mergers and acquisitions across the banking industry, with some banks holding off on deals as they watch the M&T situation. The report says this could have a long lasting effect on the banking industry.

Area automakers are revving up their engines. Expansions have resulted in new jobs. A report in this week's Business First breaks down the numbers. The GM Tonawanda Engine plant added 202 workers in the last year. GM Components Holdings in Lockport hired 264. And staff at the Ford Stamping Plant in Woodlawn jumped by 100.

Here's a look at the largest manufacturers in WNY, ranked by the number of local employees. Moog tops the list, followed by Dresser-Rand, the GM Powertrain plant and GM Components. The Resource Center ranks fifth. You can get the complete list in this week's Business First.