SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-K

              [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                   For the fiscal year ended December 31, 2000
                           Commission File No. 0-14874


            [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                               STATE BANCORP, INC.
                               -------------------
             (Exact name of registrant as specified in its charter)

         New York                                      11-2846511
         --------                                      ----------
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                       Identification No.)

699 Hillside Avenue
New Hyde Park, N.Y.                                        11040
-------------------                                        -----
(Address of principal                                    (Zip Code)
 executive offices)

Registrant's telephone number including area code (516) 437-1000

Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:

                         Common Stock ($5.00 par value)
                                (Title of Class)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirement for the past 90 days.

                                    Yes [X] No [ ]

As of March 23, 2001,  there were 7,489,693  shares of common stock  outstanding
and the aggregate  market value of common stock of State  Bancorp,  Inc. held by
nonaffiliates was approximately $112,345,000 based upon the last trade per share
known to Management.


<PAGE>


                               STATE BANCORP, INC.
                                    Form 10-K

                                      INDEX

                                      PART I                              Page
                                                                          ----

Item  1. Business

         General                                                           1.
         Statistical Information                                           4.

Item  2. Properties                                                        4.

Item  3. Legal Proceedings                                                 5.

Item  4. Submission of Matters to a Vote of Stockholders                   6.

                                     PART II

Item  5. Market for Registrant's Common Stock and
         Related Stockholder Matters                                       7.

Item  6. Selected Consolidated Financial Data                              7.

Item  7. Management's Discussion and Analysis of Financial
         Condition and Results of Operations                               8.

Item  8. Consolidated Financial Statements and
         Supplementary Data                                                8.

Item  9. Changes in and Disagreements with Accountants
         on Accounting and Financial Disclosure                            8.

                                    PART III

Item 10. Directors and Executive Officers of the
         Registrant                                                        9.

Item 11. Executive Compensation                                            9.

Item 12. Security Ownership of Certain Beneficial
         Owners and Management                                            10.

Item 13. Certain Relationships and Related Transactions                   10.

                                     PART IV

Item 14. Exhibits, Financial Statement Schedules
         and Reports on Form 8-K                                          10.

         Signatures                                                       14.

         Exhibits


<PAGE>


                       DOCUMENTS INCORPORATED BY REFERENCE

Listed  hereunder are the documents  incorporated  by reference and the parts of
the Form 10-K into which such documents are incorporated:

         (1)      The Annual Report to Stockholders  for the year ended December
                  31,  2000.  Referenced  in Parts I and II of the  December 31,
                  2000 Annual Report on Form 10-K, Items 1, 5, 6, 7 and 8.

         (2)      The 2001 Proxy  Statement,  dated March 23, 2001.  Referenced
                  in Part III of the December 31, 2000 Annual Report on Form
                  10-K,  Items 10, 11, 12 and 13.


                                     PART I

ITEM 1.  BUSINESS

General

Incorporated  herein  by  reference  is the  Company's  2000  Annual  Report  to
Stockholders.  A discussion on the  organization and nature of operations may be
found on page 13.

State Bancorp, Inc. (the "Company") was incorporated under the laws of the State
of New York on November 18, 1985. The  acquisition by the Company of 100% of the
outstanding  shares of State Bank of Long  Island (the  "Bank"),  on a share for
share basis, was consummated as of the close of business on June 24, 1986.

The  Company  has no other  subsidiaries  and does not engage in any  activities
other than  acting as holding  company  for the  common  stock of the Bank.  The
business  of the  Company is  conducted  through the Bank,  which  continues  to
conduct its business in the same manner and from the same offices as it had done
before the effective date of the reorganization.  The Bank, therefore,  accounts
for all of the consolidated assets and revenues of the Company.


                                       1
<PAGE>


The Company is subject to  supervision  and regulation by the Board of Governors
of the Federal Reserve System  ("Federal  Reserve  Board")  pursuant to the Bank
Holding  Company  Act of 1956,  as  amended.  The Bank is  subject  to  periodic
examination  and regulation by the State of New York Banking  Department and the
Federal Deposit Insurance Corporation.

The Bank was  organized  in 1966 and is the  only  independent  commercial  bank
headquartered  in New  Hyde  Park.  It  provides  general  banking  services  to
residents  and  businesses  located  substantially  in the eastern end of Queens
County,  Nassau County and the western end of Suffolk  County.  It offers a full
range of deposit products including  checking,  fixed and variable rate savings,
time,  money market and IRA and Keogh accounts.  Credit services offered include
commercial  mortgages,  commercial and installment  loans,  home equity lines of
credit,  residential  mortgages,  letters of credit and auto loans. In addition,
the Bank provides merchant credit card services,  access to annuity products and
mutual funds,  a consumer  debit card with  membership in a national ATM network
and,  through an  alliance  with U.S.  Trust  Company,  the Bank also offers its
customers access to financial planning and wealth management services.  The Bank
currently  has ATMs at eight of its ten branch  locations.  The Bank also offers
its retail  customers  the  ability to verify  their  account  balances,  effect
transfers  between accounts and access current deposit and loan rates through an
automated telephone voice response system.  Commercial customers can also access
this same system or they may utilize Business Direct Access (BDA), the Company's
real-time cash management system.  Through BDA, business and municipal customers
can  perform  all of  the  foregoing  transactions  as  well  as  initiate  wire
transfers, ACH payments and stop payment orders from a personal computer.


                                       2
<PAGE>


There is strong  competition  in the area  serviced by the Bank from branches of
several savings banks and savings and loan associations,  as well as branches of
the major New York City banks.  Of these,  the Bank is  considerably  smaller in
size than virtually all of its commercial competitors, and approximates the size
of  only  one or two  of its  thrift  competitors.  Nonetheless,  the  Bank  has
demonstrated   the  ability  to  compete   profitably   with  larger   financial
institutions.

The Bank's  business is not of a seasonal  nature nor does it depend on one or a
few  large  customers  for its  existence.  The Bank  does not have any  foreign
commitments, with the exception of letters of credit issued on behalf of several
of its  depositors.  The Bank's  nature and  conduct of business  have  remained
unchanged since year-end 1999.

In 1979, the Bank established New Hyde Park Leasing Corporation to lease various
types of commercial equipment. During 1994, the Bank established SB ORE Corp. to
hold foreclosed  property  acquired in connection with extensions of credit.  In
1998,  the Bank  established  SB  Portfolio  Management  Corp.  and SB Financial
Services Corp. SB Portfolio Management Corp. manages a portfolio of fixed income
investments  for the Bank while SB Financial  Services  Corp.  provides  balance
sheet   management   services   such  as  interest   rate  risk   modeling   and
asset/liability management reporting along with general advisory services to the
Bank  and  each  of its  subsidiaries.  SB  Portfolio  Management  Corp.  and SB
Financial  Services Corp. are each based in Wilmington,  Delaware.  SB Portfolio
Management  Corp.'s  assets  totaled  $263,000,000  at December 31, 2000,  which
represents  approximately 26 percent of the assets for the consolidated  entity.
Effective  as of the close of business on January 31, 2001,  the Bank  purchased
all of the  issued  and  outstanding  capital  stock  of  Studebaker-Worthington
Leasing  Corp.   Studebaker-Worthington  Leasing  Corp.  has  provided  business
equipment leasing nationwide for over thirty years, specializing in small ticket
leases up to $100,000 for computers and office equipment.

Compliance with provisions regulating environmental controls will have no effect
upon the capital expenditures, earnings or competitive position of the Company.

The Company  employed 235 full-time  and part-time  officers and employees as of
December 31, 2000.

                                       3
<PAGE>


Statistical Information

Statistical  information is furnished  pursuant to the  requirements  of Guide 3
(Statistical  Disclosure  by  Bank  Holding  Companies)  promulgated  under  the
Securities Act of 1933.

Incorporated  by reference is the Company's 2000 Annual Report to  stockholders.
The Company's statistical information may be found on pages 38- 43.


ITEM 2.  PROPERTIES

The main  office of the  Company is located  at the  Bank's  main  branch at 699
Hillside  Avenue,  New Hyde  Park,  N.Y.  The lease on the land used by the Bank
expires  on March 27,  2009 and  contains  an option to renew for an  additional
ten-year period.

The Bank's lending division is located at Two Jericho Plaza,  Jericho, N.Y. This
lease expires on March 31, 2007.


                                       4
<PAGE>
The Bank operates full service branches at 501 North Broadway,  Jericho, N.Y.; 2
Lincoln Avenue,  Rockville Centre, N.Y.; 580 East Jericho Turnpike,  Huntington,
N.Y.; 740 Veterans  Memorial  Highway,  Hauppauge,  N.Y.; 339 Nassau  Boulevard,
Garden City South,  N.Y.,  135 South  Street,  Oyster Bay,  N.Y.,  4250 Veterans
Memorial highway,  Holbrook,  N.Y., 27 Smith Street,  Farmingdale,  N.Y. and 234
Route 25A, East Setauket, N.Y. The Jericho lease expires on October 31, 2011 and
contains a twelve-year renewal option. The Rockville Centre lease expires on May
31, 2005 and has one five-year  renewal option.  The Huntington lease expires on
December 31, 2003 and has one five-year  renewal option.  The Bank's  operations
center is also located in the Huntington  facility.  The Hauppauge lease expires
on June 30, 2005 and contains two ten-year renewal  options.  The Holbrook lease
expires on October 31, 2002 and  contains two  five-year  renewal  options.  The
Farmingdale  lease also  expires on October 31, 2002 and it has three  five-year
renewal options.  The East Setauket lease expires on May 31, 2005 and it has two
five-year renewal options. The Bank received approval to open three full service
branches  in  2001  at 222  Old  Country  Road,  Mineola,  N.Y.,  75-20  Astoria
Boulevard, Jackson Heights, N.Y. and 49-01 Grand Avenue, Maspeth, N.Y. The lease
in Mineola expires on April 30, 2010 and contains one ten-year and two five-year
renewal  options.  The lease in Jackson Heights expires May 31, 2006 and has two
five-year renewal options.  The lease in Maspeth expires April 30, 2006 and also
contains two  five-year  renewal  options.  The Garden City South and Oyster Bay
facilities are owned by the Company.

The fixtures and equipment contained in these operating  facilities are owned or
leased by the Bank. The Company considers that all of its premises, fixtures and
equipment are adequate for the conduct of its business.


ITEM 3.  LEGAL PROCEEDINGS

Neither the Company  nor the Bank is a party to any pending  legal  proceedings,
other than ordinary,  routine litigation  incidental to the banking business. In
the opinion of  management,  liabilities,  if any,  resulting from these matters
would  not  have  a  material  adverse  effect  on  the  consolidated  financial
statements of the Company or the Bank.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF STOCKHOLDERS

There were no matters  submitted  to a vote of  stockholders  during the quarter
ended December 31, 2000.

                                       5
<PAGE>
                                     PART II

ITEM 5.  MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS

         (a)      Incorporated  herein by reference is the Company's 2000 Annual
                  Report to Stockholders. The Company's common stock market data
                  for the past three years may be found on page 44 thereof.

         (b)      At December 31, 2000, the approximate number of equity
                  stockholders were as follows:

                       (1)                                   (2)
                  Title of Class                 Number of Record Holders
                  --------------                 ------------------------
                  Common Stock                              1,300

         (c)      Annual  cash  dividends  of 50,  46,  and 45 cents per  share,
                  restated to give  retroactive  effect to stock  dividends  and
                  splits, were paid in 2000, 1999, and 1998,  respectively.  The
                  Company  paid  8%, 6% and 5% stock  dividends in 2000,  1999,
                  and 1998,  respectively.  It is the Company's expectation that
                  dividends will continue to be paid in the future.


ITEM 6.  SELECTED CONSOLIDATED FINANCIAL DATA

         (a)      Incorporated  herein by reference is the Company's 2000 Annual
                  Report to Stockholders.  The Company's selected financial data
                  for the last five years may be found on the inside cover.

         (b)      Additional  years are not considered  necessary to keep the
                  above referenced summary from being misleading.


                                       6
<PAGE>

ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

         (a)      Incorporated  herein by reference is the Company's 2000 Annual
                  Report to Stockholders.  Management's  Discussion and Analysis
                  of Financial  Condition and Results of Operations may be found
                  on pages 25 - 37.

         (b)      There are no known trends or any known  demands,  commitments,
                  events or  uncertainties  which  will  result in, or which are
                  reasonably  likely  to  result  in,  the  Company's  liquidity
                  increasing, or decreasing, in any material way.

         (c)      As of December 31, 2000, the Company had no material
                  commitments for capital expenditures.


ITEM 8.  CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Incorporated  herein  by  reference  is the  Company's  2000  Annual  Report  to
Stockholders.  The Company's audited Consolidated Balance Sheets as of the close
of the last two years may be found on page 9.  Reference  again is made to State
Bancorp,  Inc.'s 2000 Annual Report to  Stockholders  for the Company's  audited
Consolidated  Statements  of  Income,  Cash Flows and  Stockholders'  Equity and
Comprehensive  Income  (Loss) for each of the three  years in the  period  ended
December 31, 2000. These items may be found on pages 10 - 12.


ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

         NONE


                                       7
<PAGE>
                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

         (a)      Incorporated  herein by reference is the Company's  2001 Proxy
                  Statement,  dated March 23, 2001.  The  identification  of the
                  directors of the Company may be found on pages 12 and 13.

         (b)      Incorporated  herein by reference is the Company's  2001 Proxy
                  Statement,  dated March 23, 2001.  The  identification  of the
                  executive   officers   of  the  Company  may  be  found  under
                  "Principal Officers" on page 2.

                  There exists no family  relationships  between any director or
                  executive officer.


ITEM 11. EXECUTIVE COMPENSATION

Incorporated  herein by reference is the Company's 2001 Proxy  Statement,  dated
March 23, 2001. Management remuneration may be found on pages 4 and 5.

                                       8
<PAGE>


ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

Incorporated  herein by reference is the Company's 2001 Proxy  Statement,  dated
March 23, 2001.  Security  ownership of certain beneficial owners and management
may be found on pages 17 and 18.


ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Incorporated  herein by reference is the Company's 2001 Proxy  Statement,  dated
March 23, 2001. Certain  relationships and related  transactions may be found on
page 12 and 13.


                                     PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

(a)      Financial Statements

         Included in the 2000 Annual Report to Stockholders of
         State Bancorp, Inc. and enclosed herewith,  are the following financial
         statements and notes thereon:

         -   Consolidated Balance Sheets as of December 31, 2000 and 1999.

         -   Consolidated Statements of Income for the years ended
             December 31, 2000, 1999 and 1998.

         -   Consolidated Statements of Cash Flows for the years ended
             December 31, 2000, 1999 and 1998.

         -   Consolidated  Statements of Stockholders'  Equity and Comprehensive
             Income (Loss)for the years ended December 31, 2000, 1999 and 1998.

                                       9
<PAGE>
         Notes to Consolidated Financial Statements

         -   Summary of Significant Accounting and Reporting Policies (1)
         -   Securities Held to Maturity and Securities Available for Sale (2)
         -   Loans - Net (3)
         -   Bank Premises and Equipment - Net (4)
         -   Other Assets (5)
         -   Lines of Credit and Borrowed Funds (6)
         -   Income Taxes (7)
         -   Incentive Stock Option Plans (8)
         -   Employee Benefit Plans (9)
         -   Commitments and Contingent Liabilities (10)
         -   State Bancorp, Inc. (Parent Company Only) (11)
         -   Financial Instruments with Off-Balance Sheet Risk (12)
         -   Disclosures About Fair Value of Financial Instruments (13)
         -   Regulatory Matters (14)
         -   Subsequent Events (15)

         Independent Auditors' Report

         Schedules  are  omitted  because  they are not  applicable  or  because
         required information is shown in the consolidated  financial statements
         or the notes thereto.


                                       10
<PAGE>
(c)      Exhibits

Exhibit
No.      Item                             Method of Filing
---      ----                             ----------------
(3)      Articles of incorporation
         and By-Laws

         a) Articles of                   Incorporated by reference from exhibit
            incorporation                 B to the Company's Registration
                                          Statement on Form S-4, file No.
                                          33-2958, Filed February 3, 1986.

         b) By-Laws,  as  amended         Incorporated by reference from Exhibit
                                          3b to the Company's December 31, 1997
                                          Form 10-K.

(4)      Instruments defining the         Pages 22-28 of the above referenced
         rights of security holders       Registration Statement.

(10)     Material contracts

         a) Deferred compensation         Incorporated by reference from exhibit
            plan                          10b to the Company's December 31, 1986
                                          Form 10-K.

         b) (i) Directors'                Incorporated by reference from exhibit
             incentive retirement         10c to the Company's December 31, 1986
             plan                         Form 10-K.

         b) (ii) Agreements of            Incorporated by reference from exhibit
             participants                 10b (ii) to the Company's December 31,
             surrendering their           1992 Form 10-K.
             rights under the
             directors' incentive
             retirement plan.

         b) (iii) Agreements of           Incorporated by reference from exhibit
             participants modifying       10b(iii) to the Company's December 31,
             agreements described in      1995 Form 10-K.
             item b) (ii)

         c) 1987 incentive stock          Incorporated by reference from exhibit
            option plan, as amended       10c to the Company's  December 31,
                                          1991 Form 10-K.

         d) 1994 incentive stock          Incorporated by reference from exhibit
            option plan                   10d to the Company's  December 31,
                                          1993 Form 10-K.

         e) (i) Change of control         Incorporated by reference from exhibit
             agreement no. 1              10e to the Company's  December 31,
                                          1997 Form 10-K.

         e) (ii) Change of control        Incorporated by reference from exhibit
             agreement no. 2              10e to the Company's  December 31,
                                          1997 Form 10-K.

         e) (iii) Change of control       Incorporated by reference from exhibit
             agreement no. 3              10e to the Company's  December 31,
                                          1997 Form 10-K.

         e) (iv) Change of control        Incorporated by reference from exhibit
             agreement no. 4              10e to the Company's  December 31,
                                          1997 Form 10-K.

         e) (v) Change of control         Incorporated by reference from exhibit
             agreement no. 5              10e to the Company's  December 31,
                                          1997 Form 10-K.



                                       11

<PAGE>


         f) State Bank of Long            Incorporated by reference from exhibit
            Island 401k retirement        10g to the Company's  December 31,
            plan and trust                1987 Form 10-K.

         g) State Bancorp, Inc.           Incorporated by reference from exhibit
            employee stock                10g to the Company's  December 31,
            ownership plan                1987 Form 10-K.

         h) Deferred compensation         Incorporated by reference from exhibit
            agreement                     10h to the Company's  December 31,
                                          1995 Form 10-K.

         i) 1999 Incentive Stock          Incorporated by reference from exhibit
            Option Plan                   10i to the Company's  December 31,
                                          1998 Form 10-K.

         j) (i) 1998 Directors' Stock     Incorporated by reference from exhibit
            Plan                          10j to the Company's  December 31,
                                          1999 Form 10-K.

         j) (ii) 1998 Directors' Stock    Filed herein.
            Plan Amendment No. 1



(13)     Annual report to                 Filed herein.
         stockholders

(23)     Independent Auditors'            Filed herein.
         Consent



                                       12

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15d of the Securities Exchange Act
of 1934,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned.
                                                STATE BANCORP, INC.


                                By:      s/Thomas F. Goldrick, Jr., Chairman
                                         -----------------------------------
                                          Thomas F. Goldrick, Jr., Chairman

                                Date:            March 27, 2001
                                         -----------------------------------

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of the  registrant and
on the dates indicated.

Signature                    Title                                   Date
---------                    -----                                   ----

s/Thomas F. Goldrick, Jr.    Chairman of the Board                   3/27/01
-------------------------    (Principal Executive Officer)           -------
Thomas F. Goldrick, Jr.

s/Daniel T. Rowe             President                               3/27/01
----------------                                                     -------
Daniel T. Rowe

s/Richard W. Merzbacher      Vice Chairman                           3/27/01
-----------------------                                              -------
Richard W. Merzbacher

s/Brian K. Finneran          Secretary                               3/27/01
-------------------          (Principal Financial Officer)           -------
Brian K. Finneran

s/Gary Holman                Vice Chairman of the Board              3/27/01
-------------                                                        -------
Gary Holman

s/J. Robert Blumenthal       Director                                3/27/01
----------------------                                               -------
J. Robert Blumenthal

s/Carl R. Bruno              Director                                3/27/01
---------------                                                      -------
Carl R. Bruno

                             Director
---------------------                                                -------
Thomas E. Christman

s/Arthur Dulik, Jr.          Director                                3/27/01
-------------------                                                  -------
Arthur Dulik, Jr.

s/Joseph F. Munson           Director                                3/27/01
------------------                                                   -------
Joseph F. Munson

s/John F. Picciano           Director                                3/27/01
------------------                                                   -------
John F. Picciano

s/Suzanne H. Rueck           Director                                3/27/01
------------------                                                   -------
Suzanne Rueck

s/Jeffrey S. Wilks           Director                                3/27/01
------------------                                                   -------
Jeffrey S. Wilks




                                       13