UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rule 13d-1
Under the Securities Exchange Act of 1934
(Amendment No. 4 )*
RELIANCE BANCORP, INC.
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(Name of Issuer)
Common Stock $0.01 par value per share
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(Title of Class of Securities)
759451-10-7
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(CUSIP Number)
The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
(Continued on following pages)
Page 1 of 5 pages
<PAGE>
1) Name of Reporting SS Marine Midland Bank as Trustee for
or IRS identification Nos. Reliance Federal Savings Bank Employee
of Above Persons Stock Ownership Plan
2) Check the Appropriate Box (a)
if a Member of a Group (b)
3) SEC Use Only
4) Citizenship or Place of An Employee Stock Ownership Plan
Organization of a federally chartered stock savings
bank located in Garden City, New York
Number of Shares 5) Sole Voting Power 414,000
Beneficially Owned 6) Shared Voting Power 368,709
by Each Reporting 7) Sole Dispositive Power 782,709
Person With 8) Shared Dispositive Power N/A
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
10) Check if the Aggregate Amount in
Row (9) Excludes Certain Shares
(See Instructions)
(11) Percent of Class Represented by 8.99% of the 8,705,888 shares of common
Amount in Row (9) stock outstanding as of December 31, 1998
(12) Type of Reporting Person Employee Benefit Plan (EP)
Page 2 of 5 pages
<PAGE>
Item 1(a). Name of Issuer:
RELIANCE BANCORP, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
585 Stewart Avenue
Garden City, New York 11530
Item 2(a). Name of Person Filing:
Marine Midland Bank as Trustee for the
Reliance Federal Savings Bank
Employee Stock Ownership Plan
Item 2(b). Address of Principal Business Office:
Reliance Federal Savings Bank
585 Stewart Avenue
Garden City, New York 11530
Marine Midland Bank as Trustee
One Marine Midland Center, 17th Floor
P.O. Box 4567
Buffalo, New York 14203
Item 2(c). Citizenship or Place of Organization:
An Employee Stock Ownership Plan of a federally chartered
stock savings bank located in Garden City, New York.
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value
Item 2(e). CUSIP Number:
759451-10-7
Page 3 of 5 pages
<PAGE>
Item 3. Statement is Filed Pursuant to Rule 13d-1(b):
(f) Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974; see Rule 13d- 1(b)(1)(ii)(F).
Item 4. Ownership:
(a) Amount Beneficially Owned: 782,709 shares
(b) Percent of Class: 8.99%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 414,000 shares
(ii) shared power to vote or to direct the vote 368,709 shares
(iii) sole power to dispose or to direct the disposition of 782,709 shares
(iv) shared power to dispose or to direct the disposition of N/A
Item 5. Ownership of Five Percent or less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:
Not Applicable
Page 4 of 5 pages
<PAGE>
Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 3, 1999 /s/ Irene Wexler
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Irene Wexler, Trust Officer
(on behalf of Marine Midland Bank
the Trustee for the Reliance Federal
Savings Bank Employee Stock
Ownership Plan)
Page 5 of 5 pages
