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)   November 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 November 24, 1998, the Registrant's Board of Directors authorized an increase
  in its stock  repurchase  program under which the Registrant may now buy back up
  to 200,000  shares of its common  stock.  This amount  represents  approximately
  three percent of the Company's current common shares outstanding.  The Board had
  previously authorized the repurchase of up to 50,000 shares at its February 1998
  meeting.
  
  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 6.6 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:   DECEMBER 30, 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": 2685}]
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": "98778153"}, "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)   November 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 November 24, 1998, the Registrant's Board of Directors authorized an increase
  in its stock  repurchase  program under which the Registrant may now buy back up
  to 200,000  shares of its common  stock.  This amount  represents  approximately
  three percent of the Company's current common shares outstanding.  The Board had
  previously authorized the repurchase of up to 50,000 shares at its February 1998
  meeting.
  
  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 6.6 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:   DECEMBER 30, 1998
  
                               BY:   s/Brian K. Finneran
                               -------------------------
                               Brian K. Finneran, Secretary