Exhibit 10.2

AMENDMENT TO AGREEMENT

          This Amendment dated as of the 25th day of November, 2009 (the
“Amendment”) to the Option Agreement by and between Somerset Hills Bancorp (the
“Company”) and Stewart E. McClure, Jr. (the “Optionee”) dated as of March 19,
2001 (the “Agreement”).

WITNESSETH:

          WHEREAS, the Optionee has the right to purchase up to 93,494 shares of
the Company’s common stock pursuant to the non-qualified options (the “NQOs”)
granted to the Optionee pursuant to the Agreement, as adjusted for subsequent
stock dividends;

          WHEREAS, the NQOs are set to expire on March 19, 2011; and

          WHEREAS, the Company and Optionee believe it is in the best interest
of each party to extend the expiration date of the NQO’s until March 19, 2014;

          NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and intending to be legally bound
hereby, the parties hereto agree as follows:

          1. Section 4(b) of the Agreement shall be amended to provide for an
extension to the expiration date for the NQOs until March 19, 2014.

          2. Notwithstanding anything to the contrary, there shall be no
amendment of, including, but not limited to, any extension of the expiration
date of, those options granted in the Agreement to the Optionee which qualify as
incentive stock options pursuant to section 422 of the Internal Revenue Code.

          3. The Agreement, as amended by this Amendment, is in all respects
ratified and shall remain in full force and effect. The Agreement and this
Amendment shall be read, taken and construed as one and the same instrument.

          4. This Amendment may be executed in two counterparts, each of which
shall be an original, but both of which together shall constitute but one and
the same instrument.

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          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed by persons thereunto duly authorized as of the date and year
first written above.

 

 

 

 

SOMERSET HILLS BANCORP

 

 

 

 

By: 

/s/

 

 

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Name: William S. Burns

 

 

Title: Chief Financial Officer

 

 

 

 

 

 

 

OPTIONEE

 

 

 

 

/s/

 

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Stewart E. McClure, Jr.
President and CEO

2

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