**UNITED
        STATES**
 **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):
              July
                  10, 2006
  
 **GREATER
                  COMMUNITY BANCORP**(Exact
                  name of registrant as specified in its
                  charter)
 NEW
                  JERSEY
              01-14294
              22-2545165(State
                  or other jurisdiction
              (Commission
              (IRS
                  Employerof
                  incorporation)
              File
                  Number)
              Identification
                  No.)
 55
                  UNION BOULEVARD, TOTOWA, NJ
              
              07512(Address
                  of principal executive offices)
              
              (Zip
                  Code)
   Registrant's
                telephone number, including area code:
              973-942-1111
 
 (Former
                  name or former address, if changed since last
                  report)
  
 Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions:
 
 o Written
        communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-2)
 
 o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
        Act
        (17 CFR 240.14d-2(b))
 
 o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
        Act
        (17 CFR 240.13e-4(c))
  1
  **Item
          1.01 Entry Into a Material Definitive Agreement.**
 
 Greater
          Community Bancorp (the "Company") announced that C. Mark Campbell will
          be
          resigning as Director, President and Chief Operating Officer of the Company
          and
          its bank subsidiary, Greater Community Bank (the “Bank”), as well as all other
          director and officer positions with the Company’s subsidiaries effective July
          31, 2006. In order to help with any transition issues, Mr. Campbell will
          remain
          available to assist as an at will employee of the Company and/or the Bank
          beginning August 1, 2006 and continuing through July 31, 2007. In connection
          with the upcoming resignation and the new employment position, the Company,
          the
          Bank and Mr. Campbell amended its Employment Agreement effective July 31,
          2006
          (the "Agreement") on July 10, 2006.
 
 Pursuant
          to the Agreement, Mr. Campbell will receive, less normal withholdings and
          deductions, (1) his current base salary of $370,000 paid at normal payroll
          periods through July 31, 2007, (2) beginning July 31, 2007, a $25,000 per
          year
          severance payment which continues through September 30, 2015, (3) through
          July
          31, 2007, continued participation in group medical, dental and term life
          insurance and disability plans, (4) continued participation in the savings
          portion of the Company’s 401(k) Plan, and (5) through July 31, 2007, continued
          participation in the Company's Supplemental Earnings Retirement Plan. Mr.
          Campbell’s 10,250 stock options will continue to be governed by the existing
          stock option agreements.
 
 Mr.
          Campbell will sign a release of any and all claims against the Company
          and its
          subsidiaries. This Agreement supersedes his March 2, 2005 Employment Agreement
          with the Company.
 
 Mr.
          Campbell had no disagreements over policies or operations in connection
          with
          this upcoming resignation and change in employment position.
 
 No
          replacement has been appointed.
 
 The
          foregoing description does not purport to be completed and is qualified
          in its
          entirety by reference to the Agreement, which is attached as Exhibit 10.14,
          and
          is incorporated herein by reference.
 
 **Item
          1.02 Termination of a Material Definitive Agreement.**
 
 See
          above
          description in Item 1.01.
 
 **Item
          5.02 Resignation of Directors or Principal Officers; Election of Directors;
          Appointment of Principal Officers.**
 
 See
          above
          description in Item 1.01.
 
 **Item
          8.01 Other Events.**
 
 On
          July
          10, 2006, the Company issued a press release concerning Mr. Campbell’s upcoming
          resignation. A copy of the release is attached hereto as an
          exhibit.
 
 **Item
          9.01 Financial Statements and Exhibits.**
 
 (c)
          Exhibits. The following exhibits are being filed with this Report and are
          attached hereto:
 
 **10.14** Employment Agreement by and among Greater Community Bancorp, Greater Community
          Bank and C. Mark Campbell, effective July 31, 2006.
 
 **99.1** Press
          Release issued on July 10, 2006.
   2
 **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.
 
 
 
 GREATER
                  COMMUNITY BANCORP(registrant)Date:
              July
                  11, 2006
              */s/
                  Stephen J. Mauger*Stephen
                  J. MaugerSenior
                  Vice President and Cheif Financial
                  Officer
 
 3