STATE BANCORP INC
10-C, 1995-07-05
STATE COMMERCIAL BANKS
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               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549


                            FORM 10-C

         REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                  INTERDEALER QUOTATION SYSTEM

          Filed pursuant to Section 13 or 15(d) of the
         Securities Exchange Act of 1934 and Rule 13a-17
                      or 15d-17 thereunder

                                                                  
                       State Bancorp, Inc.                        
          (Exact name of issuer as specified in Charter)

            699  Hillside Ave., New Hyde Park, N.Y. 11040         
             (Address of principal executive offices)

Issuer's telephone number, including area code: 516-437-1000


     I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the
number of shares outstanding:

1.  Title of Security:        Common Stock                        

2.  Number of shares outstanding before the change:  3,782,217     
    
3.  Number of shares outstanding after the change:   4,160,439     

4.  Effective date of change:   July 5, 1995                       
 
5.  Method of change:

          Specify method (such as merger, acquisition, exchange,
          distribution, stock split, reverse split, acquisition of
          stock for treasury, etc.)

                         Stock Dividend                           
   
Give brief description of transaction:   10% Annual Stock Dividend 


Date        July 6, 1995               Brian K. Finneran          
                                   (Officer's signature and title)

                                                                 



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