SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                            ------------------------

                                    FROM 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): October 27, 1999
                                                         ----------------



                               JSB FINANCIAL, INC.
                               -------------------
             (Exact name of registrant as specified in its charter)



    Delaware                         001-13157                 11-3000874
    --------                         ---------                 ----------
  (State or other                  (Commission              (IRS Employer
   jurisdiction of                  File Number)             Identification No.)
   incorporation)



                   303 Merrick Road, Lynbrook, New York 11563
                   ------------------------------------------
          (address of principal executive offices, including zip code)


                                 (516) 887-7000
                                 --------------
               Registrant's telephone number, including area code


                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)






Item 5.                    Other Events.

                           JSB Financial, Inc. issued a press release on October
                           20, 1999  announcing  its third  quarter 1999 results
                           and that a date has been set for a special meeting of
                           stockholders  to approve  the merger  agreement  with
                           North Fork  Bancorporation.  The press release issued
                           by the Registrant described herein is attached hereto
                           as Exhibit 99.1 and is hereby  incorporated herein by
                           reference in its entirety.


Item 7.                    Financial Statements and Exhibits

                           Exhibits: The following Exhibits are files as part of
                                     this report:

                           Exhibit No.      Description
                           -----------      -----------

                              99.1          Press Release dated October 20, 1999








                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  had duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                           JSB FINANCIAL, INC.


                                           By:  Thomas R. Lehmann
                                                -----------------
                                                Thomas R. Lehmann
                                                Executive Vice President and
                                                 Chief Financial Officer

Date: October 27, 1999






                                  EXHIBIT INDEX




Exhibit           Description
- -------           -----------

 99.1             Press Release issued October 20, 1999