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**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C.  20549**

**FORM      8-K**

**CURRENT      REPORT**

**SOMERSET      HILLS BANCORP**

| **New                Jersey**                           | **000-50055**               | **22-3768777**                   |
|---------------------------------------------------------|-----------------------------|----------------------------------|
| (State                or other jurisdiction             | (Commission                 | (IRS                Employer     |
| of                incorporation)                        | File                Number) | Identification                No |
|                                                    |                        |                             |
| **155                Morristown Road**                  |                        |                             |
| **Bernardsville,                New Jersey**            |                        | **07924**                        |
| (Address                of principal executive offices) |                        | (Zip                Code)        |
|                                                    |                        |                             |

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|   | (d) | Exhibits. |
|--------|-----|-----------|

| Exhibit                Number | Description                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 99.1                          | Press                Release dated October 26, 2007 announcing (i) the declaration of                a cash                dividend of $0.04 to be paid to shareholders of record as of November                15,                2007 and (ii) an increase to the previously announced common stock                repurchase program, increasing total authorized repurchases to a                total of                500,000 shares. |

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**SIGNATURES**

|                                   | **SOMERSET                HILLS BANCORP** |
|----------------------------------------|-------------------------------------------|
|                                   | (Registrant)                              |
|                                   |                                      |   |
|                                   |                                      |   |
| Dated:                October 29, 2007 | By:                                       | /s/  Gerard                Riker                             |
|                                   |                                      | **GERARD                RIKER** |
|                                   |                                      | Executive                Vice President |
|                                   |                                      | and                Chief Financial Officer |

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**EXHIBIT      INDEX**

**CURRENT      REPORT ON FORM 8-K**

| Exhibit                No. | Description                                                                                                                                                                                                                                                                                                                                                                                                                                  | Page                No. |
|----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                         |                    |
| 99.1                       | Press                Release dated October 26, 2007 announcing (i) the declaration of                a cash                dividend of $0.04 to be paid to shareholders of record as of November                15,                2007 and (ii) an increase to the previously announced common stock                repurchase program, increasing total authorized repurchases to a                total of                500,000 shares. | 5                       |