SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 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) March 17, 1999

                          COMMISSION FILE NO.: 0-23126


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


                     Delaware                              11-3187176
                     --------                              ----------
(State or other Jurisdiction of Incorporation          (IRS Employer or
 organization)                                          Identification No.)


 585 Stewart Avenue, Garden City, New York                     11530
 -----------------------------------------                     -----
(Address of principal executive officer)                   (Zip Code)


Registrant's telephone number, including area code:      (516) 222-9300
                                                         --------------
















Item 5.           Other Events

         On March 17, 1999,  the Company  announced a regular  cash  dividend of
$0.21 per common  share for the  quarter  ended March 31,  1999,  an increase of
$0.03 or 16.7% from the second quarter of fiscal year 1999. The dividend will be
payable on April 16, 1999 to stockholders of record on April 2, 1999.

Item 7 (c).       Exhibits

Exhibit 99.1 Press Release  announcing  declaration of cash dividend dated March
17, 1999.









































                                   SIGNATURES

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





                                         By:  /s/  Raymond A.Nielsen
                                             -----------------------
                                              Raymond A. Nielsen
                                              President and
                                              Chief Executive Officer



Dated:    March 23, 1999