content: 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): February 14, 2005
  
                                 STATE BANCORP, INC.
                                 -------------------
               (Exact name of registrant as specified in its charter)
  
               New York                      0-14874           11-2846511
       --------------------------------------------------------------------------
       (State or other jurisdiction of     (Commission       (I.R.S. Employer
        incorporation or organization)      File Number)      Identification No.)
  
             699 Hillside Avenue, New Hyde Park, NY            11040-2512
           ---------------------------------------------------------------
            (Address of principal executive offices)           (Zip Code)
  
          Registrant's telephone number including area code: (516) 437-1000
                                                             --------------
                                         N/A
                                         ---
            (Former name or former address, if changed since last report)
  
  Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
  simultaneously  satisfy the filing obligation of the registrant under any of the
  following provisions (see General Instruction A.2. below):
  
       |_| Written communications pursuant to Rule 425 under the Securities Act
           (17 CFR 230.425)
  
       |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
           CFR 240.14a-12)
  
       |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
           Exchange Act (17 CFR 240.14d-2(b))
  
       |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
           Exchange Act (17 CFR 240.13e-4(c))
  
  
  <PAGE>
  
  
  
  ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
  
  On February  15, 2005 the Board of  Directors  of State Bank of Long Island (the
  "Bank"), a wholly-owned subsidiary of the Company,  approved the recommendations
  of  the  Compensation  Committee  with  respect  to the  base  salary  for  2005
  (effective April 1, 2005) and the payment of cash bonuses to the Chief Executive
  Officer and to each of the four most highly  compensated  executive  officers of
  the Company or the Bank in accordance  with the Bank's  Incentive Award Plan. On
  February  14,  2005  the  Company's  Stock  Option  Committee  granted  to those
  individuals  stock options pursuant to the Company's 1999 Incentive Stock Option
  Plan and/or the Company's Stock Option Plan (2002).
  
  <TABLE>
  <CAPTION>
  
  
                                                                                                                      Incentive
                                                                                                             Cash         Stock
                                                                                                            Bonus       Options
                                                                                               2005       Paid in    Granted in
  Executive Officer                Title                                                  Salary ($)      2005 ($)      2005 (#)
  --------------------------       -------------------------------------------------     ------------   -----------   -------------
  <S>                              <C>                                                     <C>             <C>           <C>
  Thomas F. Goldrick, Jr.          Chairman and Chief Executive Officer                     445,000        199,500        5,000
  Daniel T. Rowe                   President/Vice Chairman                                  305,000        130,625        5,000
  Richard W. Merzbacher            Vice Chairman/President                                  305,000        130,625        5,000
  Frederick C. Braun, III          Executive Vice President                                 240,000        107,500        5,000
  Brian K. Finneran                Executive Vice President/Secretary and Treasurer         240,000        107,500        5,000
  
  
  </TABLE>
  
  
  ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS
  
  (c)  Exhibits
  
  (10) (l)    Incentive Award Plan
  
  
  
                                      SIGNATURE
  
  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.
  
                                        STATE BANCORP, INC.
  
  
  DATE:    February 18, 2005
  
  
                                        By: s/Brian K. Finneran
                                            --------------------------------------
                                            Brian K. Finneran, Secretary/Treasurer
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "feb2005_8kno2.txt", "secsgml_size_bytes": 5033}]
metadata_filer: {"company-data": {"conformed-name": "STATE BANCORP INC", "cik": "0000723458", "assigned-sic": "6022", "irs-number": "112846511", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14783", "film-number": "05626532"}, "business-address": {"street1": "2 JERICHO PLZ", "city": "JERICHO", "state": "NY", "zip": "11753", "phone": "5164371000"}, "mail-address": {"street1": "699 HILLSIDE AVE", "city": "NEW HYDE PARK", "state": "NY", "zip": "11040"}}
text: 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): February 14, 2005
  
                                 STATE BANCORP, INC.
                                 -------------------
               (Exact name of registrant as specified in its charter)
  
               New York                      0-14874           11-2846511
       --------------------------------------------------------------------------
       (State or other jurisdiction of     (Commission       (I.R.S. Employer
        incorporation or organization)      File Number)      Identification No.)
  
             699 Hillside Avenue, New Hyde Park, NY            11040-2512
           ---------------------------------------------------------------
            (Address of principal executive offices)           (Zip Code)
  
          Registrant's telephone number including area code: (516) 437-1000
                                                             --------------
                                         N/A
                                         ---
            (Former name or former address, if changed since last report)
  
  Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
  simultaneously  satisfy the filing obligation of the registrant under any of the
  following provisions (see General Instruction A.2. below):
  
       |_| Written communications pursuant to Rule 425 under the Securities Act
           (17 CFR 230.425)
  
       |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
           CFR 240.14a-12)
  
       |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
           Exchange Act (17 CFR 240.14d-2(b))
  
       |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
           Exchange Act (17 CFR 240.13e-4(c))
  ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
  
  On February  15, 2005 the Board of  Directors  of State Bank of Long Island (the
  "Bank"), a wholly-owned subsidiary of the Company,  approved the recommendations
  of  the  Compensation  Committee  with  respect  to the  base  salary  for  2005
  (effective April 1, 2005) and the payment of cash bonuses to the Chief Executive
  Officer and to each of the four most highly  compensated  executive  officers of
  the Company or the Bank in accordance  with the Bank's  Incentive Award Plan. On
  February  14,  2005  the  Company's  Stock  Option  Committee  granted  to those
  individuals  stock options pursuant to the Company's 1999 Incentive Stock Option
  Plan and/or the Company's Stock Option Plan (2002).
  Incentive
                                                                                                             Cash         Stock
                                                                                                            Bonus       Options
                                                                                               2005       Paid in    Granted in
  Executive Officer                Title                                                  Salary ($)      2005 ($)      2005 (#)
  --------------------------       -------------------------------------------------     ------------   -----------   -------------
  Thomas F. Goldrick, Jr.          Chairman and Chief Executive Officer                     445,000        199,500        5,000
  Daniel T. Rowe                   President/Vice Chairman                                  305,000        130,625        5,000
  Richard W. Merzbacher            Vice Chairman/President                                  305,000        130,625        5,000
  Frederick C. Braun, III          Executive Vice President                                 240,000        107,500        5,000
  Brian K. Finneran                Executive Vice President/Secretary and Treasurer         240,000        107,500        5,000
  ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS
  
  (c)  Exhibits
  
  (10) (l)    Incentive Award Plan
  
                                      SIGNATURE
  
  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.
  
                                        STATE BANCORP, INC.
  
  DATE:    February 18, 2005
  
                                        By: s/Brian K. Finneran
                                            --------------------------------------
                                            Brian K. Finneran, Secretary/Treasurer