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): June 30, 2004

                            Pathfinder Bancorp, Inc.
          -------------------------------------------------------------

             (Exact name of registrant as specified in its charter)

       Federal                        000-23601                 16-1540137
----------------------------     ---------------------      --------------------
(State or other jurisdiction     (Commission File No.)      (I.R.S. Employer
of incorporation)                                         Identification No.)


       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (315) 343-0057
                                 --------------


                                 NOT APPLICABLE
         --------------------------------------------------------------
          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

Items  1-4.          Not  Applicable.

Item  5.             Other  Events

On  June  30, 2004, Pathfinder Bancorp, Inc. issued a press release announcing a
second  quarter cash dividend declaration.  The aforementioned is attached as an
exhibit  to  this  Current  Report  on  Form  8-K.

Item  6.            Not  Applicable

Item 7.             Financial Statements, Pro Forma Financial Information and
                    Exhibits
                      (a)  Not Applicable
                      (b)  Not  Applicable
                      (c)  The following exhibit is filed with this Report:

Exhibit  No.    Description
------------    -----------
EXHIBIT  99.1 Press Release issued by Pathfinder Bancorp, Inc. on June 30, 2004,
furnished  in  accordance  with  Item  5  of  this  Current  Report on Form 8-K.

Items 8 - 12.     Not  Applicable.


                                   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.

                                           PATHFINDER  BANCORP,  INC.


Date:  July  1,  2004                By:  /s/  Thomas  W.  Schneider
                                    --------------------------------
                                     Thomas  W.  Schneider
                                     President  and  Chief  Executive
                                     Officer



                                  EXHIBIT  INDEX


The following Exhibit is filed as part of this report:

Exhibit  99.1      Press Release dated June 29, 2004


                                   EXHIBIT  99.1

FOR  IMMEDIATE  RELEASE
June 30, 2004

PATHFINDER  BANCORP,  INC.  DECLARES  DIVIDEND


OSWEGO,  NY - Thomas W. Schneider, President/CEO of Pathfinder Bancorp, Inc. and
Pathfinder  Bank announced that the company has declared a cash dividend of $.10
per  share  on the company's common stock for the fiscal quarter ending June 30,
2004.  The  dividend will be payable to all shareholders of record June 30, 2004
and  will  be  paid  on  July  15,  2004.
Pathfinder  Bancorp,  Inc.  is  the mid-tier holding company of Pathfinder Bank.
Pathfinder  Bank  is  a  New  York State chartered savings bank headquartered in
Oswego,  New  York  whose  deposits are insured by the Federal Deposit Insurance
Corporation.  The  Bank  has six full service offices located in its market area
within  Oswego  County.