================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 1, 1999

                                BSB BANCORP, INC.
                   ------------------------------------------
             (Exact name of registrant as specified in its charter)

   Delaware                            0-17177                   16-1327860
   --------                            -------                   ----------
(State or other                     (Commission                (IRS Employer
jurisdiction of                     File Number)             Identification No.)
incorporation)

          58-68 Exchange Street, Binghamton, New York             13901
          -------------------------------------------             -----
          (Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code:  (607) 779-2525
                                                     ----------------

                                 Not Applicable
                   ------------------------------------------
          (Former name or former address, if changed since last report)


================================================================================

<PAGE>


ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS.

      On July 1, 1999, BSB Bancorp, Inc. a Delaware corporation ("BSB Bancorp"),
completed its  acquisition  of the assets and business of  Skaneateles  Bancorp,
Inc., a Delaware  corporation  ("SKAN"),  pursuant to an  Agreement  and Plan of
Merger,  dated as of January 25, 1999,  by and between BSB Bancorp and SKAN,  as
amended by  Amendment  No. 1 thereto  dated as of June 29, 1999  (together,  the
"Merger Agreement").  Pursuant to the Merger Agreement  Skaneateles Savings Bank
("SKAN  Bank"),  a wholly owned  subsidiary  of SKAN also merged into BSB Bank &
Trust Company, a wholly owned subsidiary of BSB Bancorp. Both SKAN and SKAN Bank
were  headquartered  in  Skaneateles,  New York. As of March 31, 1999,  SKAN had
total  consolidated  assets of approximately  $272.9 million,  total deposits of
$234.8 million,  and  shareholder's  equity of $19.3 million,  or 7.07% of total
assets.

      In accordance with the provisions of the Merger Agreement,  the merger was
effected  on a stock for stock  basis in a tax-free  exchange.  Each  issued and
outstanding  share of SKAN common stock  converted  into 0.970 of a share of BSB
Bancorp  common  stock,  par value $.01 per share,  or  approximately  1,523,794
shares (excluding  options to purchase SKAN common stock that were not exercised
prior to the effective  time of the  acquisition  and which were  converted into
options to purchase BSB Bancorp common stock at the exchange  ratio),  plus cash
in lieu of fractional  shares. The exchange ratio in the acquisition was arrived
at by negotiation  between BSB Bancorp and SKAN in a competitive bid process. As
a stock for stock  transaction,  the acquisition will be accounted for under the
pooling of interests method of accounting.

      BSB Bancorp  intends to  continue  to operate the  majority of SKAN Bank's
banking offices as separate branch offices of BSB Bancorp.

ITEM 7.         FINANCIAL STATEMENTS AND EXHIBITS.

   (a) Financial statements of businesses acquired.

      The following  audited  financial  statements of SKAN previously have been
filed with the  Securities  and Exchange  Commission  (the "SEC") as part of the
Annual  Report on Form 10-K of  Skaneateles  Bancorp,  Inc.  for the fiscal year
ended December 31, 1998 and are incorporated herein by reference:

      -- Independent Auditor's Report.

      -- Consolidated Balance Sheets as of December 31, 1998 and 1997.

<PAGE>
      -- Consolidated  Statements  of Income for years ended  December 31, 1998,
         1997 and 1996.

      -- Consolidated  Statements  of  Stockholders'  Equity  and  Comprehensive
         Income for the years ended December 31, 1998, 1997 and 1996.

      -- Consolidated  Statements of Cash Flows for the years ended December 31,
         1998, 1997 and 1996.

      -- Notes to Consolidated Financial Statements.

      The following unaudited financial  statements of SKAN have previously been
filed with the SEC as part of the Quarterly  Report of SKAN on Form 10-Q for the
quarter ended March 31, 1999, and are incorporated herein by reference:

      -- Consolidated Balance Sheets - March 31, 1999 and December 31, 1998.

      -- Consolidated  Statements  of Income - Three Months ended March 31, 1999
         and 1998.

      -- Consolidated  Statements  of  Stockholders'  Equity  and  Comprehensive
         Income for the three months ended March 31, 1999 and 1998.

      -- Consolidated  Statements  of Cash Flows - Three  Months ended March 31,
         1999 and 1998.

      -- Notes to Consolidated Financial Statements.

  (b) Pro forma financial information

      Not applicable.

 (c) Exhibits

      2.1   Agreement  and Plan of Merger,  dated as of January 25, 1999, by and
            between  BSB  Bancorp  and SKAN  (reported  herein by  reference  to
            Exhibit 2.1 to the Current  Report on Form 8-K filed with the SEC by
            BSB Bancorp on February 3, 1999).

      2.2   Amendment  No. 1 to the  Agreement  and Plan of Merger,  dated as of
            June 29, 1999, by and between BSB Bancorp and SKAN.


<PAGE>
                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                     BSB BANCORP, INC.
                                       (Registrant)

Date:  July 2, 1999                  By:   /s/  Alex S. DePersis
                                           ----------------------------------
                                           Alex S. DePersis
                                           President and Chief Executive Officer


<PAGE>

                                INDEX TO EXHIBITS

Exhibit No.                 Description                                     Page
-----------                 -----------                                     ----

2.1         Agreement  and Plan of  Merger,  dated as of  January  25,
            1999,  by and between  BSB Bancorp and SKAN  (incorporated
            herein by reference  to Exhibit 2.1 to the Current  Report
            on Form 8-K filed with the SEC by BSB  Bancorp on February
            3, 1999).

2.2         Amendment No. 1 to the Agreement and Plan of Merger, dated
            as of June 29, 1999, by and between BSB Bancorp and SKAN.
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================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 1, 1999

                                BSB BANCORP, INC.
                   ------------------------------------------
             (Exact name of registrant as specified in its charter)

   Delaware                            0-17177                   16-1327860
   --------                            -------                   ----------
(State or other                     (Commission                (IRS Employer
jurisdiction of                     File Number)             Identification No.)
incorporation)

          58-68 Exchange Street, Binghamton, New York             13901
          -------------------------------------------             -----
          (Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code:  (607) 779-2525
                                                     ----------------

                                 Not Applicable
                   ------------------------------------------
          (Former name or former address, if changed since last report)

================================================================================
ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS.

      On July 1, 1999, BSB Bancorp, Inc. a Delaware corporation ("BSB Bancorp"),
completed its  acquisition  of the assets and business of  Skaneateles  Bancorp,
Inc., a Delaware  corporation  ("SKAN"),  pursuant to an  Agreement  and Plan of
Merger,  dated as of January 25, 1999,  by and between BSB Bancorp and SKAN,  as
amended by  Amendment  No. 1 thereto  dated as of June 29, 1999  (together,  the
"Merger Agreement").  Pursuant to the Merger Agreement  Skaneateles Savings Bank
("SKAN  Bank"),  a wholly owned  subsidiary  of SKAN also merged into BSB Bank &
Trust Company, a wholly owned subsidiary of BSB Bancorp. Both SKAN and SKAN Bank
were  headquartered  in  Skaneateles,  New York. As of March 31, 1999,  SKAN had
total  consolidated  assets of approximately  $272.9 million,  total deposits of
$234.8 million,  and  shareholder's  equity of $19.3 million,  or 7.07% of total
assets.

      In accordance with the provisions of the Merger Agreement,  the merger was
effected  on a stock for stock  basis in a tax-free  exchange.  Each  issued and
outstanding  share of SKAN common stock  converted  into 0.970 of a share of BSB
Bancorp  common  stock,  par value $.01 per share,  or  approximately  1,523,794
shares (excluding  options to purchase SKAN common stock that were not exercised
prior to the effective  time of the  acquisition  and which were  converted into
options to purchase BSB Bancorp common stock at the exchange  ratio),  plus cash
in lieu of fractional  shares. The exchange ratio in the acquisition was arrived
at by negotiation  between BSB Bancorp and SKAN in a competitive bid process. As
a stock for stock  transaction,  the acquisition will be accounted for under the
pooling of interests method of accounting.

      BSB Bancorp  intends to  continue  to operate the  majority of SKAN Bank's
banking offices as separate branch offices of BSB Bancorp.

ITEM 7.         FINANCIAL STATEMENTS AND EXHIBITS.

   (a) Financial statements of businesses acquired.

      The following  audited  financial  statements of SKAN previously have been
filed with the  Securities  and Exchange  Commission  (the "SEC") as part of the
Annual  Report on Form 10-K of  Skaneateles  Bancorp,  Inc.  for the fiscal year
ended December 31, 1998 and are incorporated herein by reference:

      -- Independent Auditor's Report.

      -- Consolidated Balance Sheets as of December 31, 1998 and 1997.
-- Consolidated  Statements  of Income for years ended  December 31, 1998,
         1997 and 1996.

      -- Consolidated  Statements  of  Stockholders'  Equity  and  Comprehensive
         Income for the years ended December 31, 1998, 1997 and 1996.

      -- Consolidated  Statements of Cash Flows for the years ended December 31,
         1998, 1997 and 1996.

      -- Notes to Consolidated Financial Statements.

      The following unaudited financial  statements of SKAN have previously been
filed with the SEC as part of the Quarterly  Report of SKAN on Form 10-Q for the
quarter ended March 31, 1999, and are incorporated herein by reference:

      -- Consolidated Balance Sheets - March 31, 1999 and December 31, 1998.

      -- Consolidated  Statements  of Income - Three Months ended March 31, 1999
         and 1998.

      -- Consolidated  Statements  of  Stockholders'  Equity  and  Comprehensive
         Income for the three months ended March 31, 1999 and 1998.

      -- Consolidated  Statements  of Cash Flows - Three  Months ended March 31,
         1999 and 1998.

      -- Notes to Consolidated Financial Statements.

  (b) Pro forma financial information

      Not applicable.

 (c) Exhibits

      2.1   Agreement  and Plan of Merger,  dated as of January 25, 1999, by and
            between  BSB  Bancorp  and SKAN  (reported  herein by  reference  to
            Exhibit 2.1 to the Current  Report on Form 8-K filed with the SEC by
            BSB Bancorp on February 3, 1999).

      2.2   Amendment  No. 1 to the  Agreement  and Plan of Merger,  dated as of
            June 29, 1999, by and between BSB Bancorp and SKAN.
SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                     BSB BANCORP, INC.
                                       (Registrant)

Date:  July 2, 1999                  By:   /s/  Alex S. DePersis
                                           ----------------------------------
                                           Alex S. DePersis
                                           President and Chief Executive Officer
INDEX TO EXHIBITS

Exhibit No.                 Description                                     Page
-----------                 -----------                                     ----

2.1         Agreement  and Plan of  Merger,  dated as of  January  25,
            1999,  by and between  BSB Bancorp and SKAN  (incorporated
            herein by reference  to Exhibit 2.1 to the Current  Report
            on Form 8-K filed with the SEC by BSB  Bancorp on February
            3, 1999).

2.2         Amendment No. 1 to the Agreement and Plan of Merger, dated
            as of June 29, 1999, by and between BSB Bancorp and SKAN.