STATE BANCORP INC, 10-C, 1996-07-09

STATE BANCORP INC
10-C, 1996-07-09
STATE COMMERCIAL BANKS
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                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549


                                 FORM 10-C

            REPORT BY THE 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 Avenue, 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   4,258,395         

3.   Number  of  shares  outstanding  after  the  change    4,599,067         

4.   Effective  date  of  change       July 5, 1996                           

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  8%   Annual Stock Dividend             


Date    July 8, 1996                    s/Brian K.  Finneran, Comptroller     
                                               (Signature and title)