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 24, 1998
                                                           -----------------
  
  
  
                                    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
                                                            ----------------------
  
  
        --------------------------------------------------------------------------
                 (Former name or former address, if changed since last report)
  
  
  
  <PAGE>
  
  
  
  
  ITEM 5  -- OTHER EVENTS
  
  
                 On  February  24,  1998,  the  Registrant's  Board  of  Directors
                 authorized a stock repurchase  program under which the Registrant
                 may  buy  back up to  50,000  shares  of its  common  stock.  The
                 repurchases  may be made from  time to time as market  conditions
                 permit, at prevailing prices on the open market.  The program may
                 be discontinued at any time.  State Bancorp,  Inc.  currently has
                 6.2 million shares of common stock outstanding.
  
  
  
  
                                      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:    MARCH 2, 1998
  
  
                                               BY:   s/Brian K. Finneran
                                               -------------------------
                                               Brian K. Finneran, Secretary
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "8-K CURRENT REPORT", "secsgml_size_bytes": 2703}]
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": "000-14874", "film-number": "98554611"}, "business-address": {"street1": "699 HILLSIDE AVE", "city": "NEW HYDE PARK", "state": "NY", "zip": "11040", "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 24, 1998
                                                           -----------------
  
                                    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
                                                            ----------------------
  
        --------------------------------------------------------------------------
                 (Former name or former address, if changed since last report)
  ITEM 5  -- OTHER EVENTS
  
                 On  February  24,  1998,  the  Registrant's  Board  of  Directors
                 authorized a stock repurchase  program under which the Registrant
                 may  buy  back up to  50,000  shares  of its  common  stock.  The
                 repurchases  may be made from  time to time as market  conditions
                 permit, at prevailing prices on the open market.  The program may
                 be discontinued at any time.  State Bancorp,  Inc.  currently has
                 6.2 million shares of common stock outstanding.
  
                                      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:    MARCH 2, 1998
  
                                               BY:   s/Brian K. Finneran
                                               -------------------------
                                               Brian K. Finneran, Secretary