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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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**Item      5.02 Departure of Directors or Certain Officers; Election of Directors;      Appointment of Certain Officers; Compensatory Arrangements of Certain Officers      **

|   | (b) | Effective                January 4, 2007, Mr. Joseph M. Sullivan, President of the Registrant’s                Sullivan Financial Services, Inc. subsidiary (“SFS”), resigned from his                employment with, and service on the Board of, SFS. In addition, Mr.                Sullivan resigned from membership on the Boards of the Registrant                and its                Somerset Hills Bank subsidiary. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                                  | **SOMERSET                HILLS BANCORP**      |                                       |
|---------------------------------------|------------------------------------------------|--------------------------------------------|
|                                  | (Registrant)                                   |                                       |
|                                  |                                           |                                       |   |
|                                  |                                           |                                       |   |
| Dated:                January 8, 2007 | By:                                            | /s/                Stewart E. McClure, Jr. |   |
|                                  |  **STEWART              E. MCCLURE, JR.** |                                       |
|                                  |  President                                |                                       |
|                                  |  and              Chief Executive Officer |                                       |
|                                  |                                           |                                       |   |