**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)
            November
                13, 2007





**GREATER
                COMMUNITY BANCORP**(Exact
                name of registrant as specified in its
                charter)








NEW
                JERSEY
            000-14294
            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:





ý
      Written communications
      pursuant to Rule 425 under the Securities Act (17 CFR 230.425)





ý
      Soliciting material
      pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)





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))













**Item
      1.01  Entry Into a Material Definitive
      Agreement.**





**Merger
      Agreement**





On
      November 13, 2007, Greater Community
      Bancorp (“GCB”) entered into an Agreement and Plan of Merger (the “Merger
      Agreement”) with Oritani Financial Corp. (“OFC”), pursuant to which GCB will
      merge with and into OFC, with OFC being the surviving corporation (the
“Merger”).  In connection with the Merger, Greater Community Bank, a
      wholly-owned subsidiary of Greater Community Bancorp, will be merged with and
      into Oritani Savings Bank, a wholly-owned subsidiary of Oritani Financial
      Corp.





Subject
      to the terms and conditions of
      the Merger Agreement, upon completion of the Merger, each share of GCB common
      stock issued and outstanding will be converted into the right to receive, at
      the
      holder’s option, (i) cash consideration of $21.40 or (ii) that number of shares
      of the common stock of OFC equal to one (1) multiplied by the exchange ratio,
      which shall be equal to $21.40 divided by the average closing sales price of
      a
      share of the common stock of Oritani Financial Corp. for the 20 consecutive
      trading days ending on the second trading day preceding the effective time
      of
      the Merger (the “OFC Market Value”).  The exchange ratio will not be
      less than 1.1935 nor greater than 1.4588.  If a fractional share of
      OFC common stock would be issued to any GCB shareholder upon conversion, OFC
      will pay said shareholder an amount of cash equal to such fractional share
      multiplied by the OFC Market Value in lieu of issuing the fractional
      share.





GCB
      shareholders may elect to receive
      either cash or OFC common stock in exchange for all of their shares, or they
      may
      elect to receive a combination of cash and stock.  However, pursuant
      to the Merger Agreement, 60% of the aggregate consideration must be paid in
      shares of OFC common stock and the remainder in cash.  Therefore, to
      the extent GCB shareholders elect to receive OFC stock with respect to more
      than
      60% of the shares or elect to receive cash with respect to more than 40% of
      the
      shares, the shareholder elections will be modified to the extent necessary
      to
      cause 60% of the shares to receive OFC common stock.





The
      Merger Agreement contains
      representations, warranties and covenants of both parties.  Among
      other customary covenants, GCB has agreed that it will conduct its business
      in
      the ordinary course during the period between the execution of the Merger
      Agreement and the consummation of the Merger and will refrain from taking
      certain actions during such period unless it obtains the prior written consent
      of OFC or OFC fails to timely object to any request for consent.  The
      Board of Directors has agreed, subject to certain conditions, to submit the
      Merger for approval by the shareholders and to recommend the approval of the
      Merger.  A majority of GCB’s directors have entered into voting
      agreements whereby they have agreed to vote their shares of GCB common stock
      to
      approve the Merger.  GCB has agreed not to initiate or solicit or,
      subject to certain exceptions, discuss or negotiate proposals relating to
      alternative business combination transactions, or provide confidential
      information to any party in connection with any alternative business
      combination.  GCB has also agreed that it will promptly suspend its
      Dividend Reinvestment Plan.





Two
      members of the GCB Board of
      Directors, Charles J. Volpe and Alfred R. Urbano, will be appointed to the
      Board
      of Directors of both OFC and Oritani Savings Bank.





The
      Merger is expected to be completed
      during the second quarter of 2008 and is subject to the approval of the
      shareholders of both GCB and OFC, the receipt of regulatory approvals and other
      customary closing conditions, including a minimum value of the OFC common
      stock.  In the event the Merger Agreement is terminated in connection
      with certain circumstances involving the approval by GCB’s Board of Directors
      of, or GCB entering into an agreement relating to, an alternative business
      combination, GCB is obligated to pay OFC a fee of $6,600,000.





The
      foregoing description of the Merger
      Agreement is qualified in its entirety by reference to the actual terms and
      conditions of the Merger Agreement, a copy of which is attached hereto as
      Exhibit 2.1 and is incorporated by reference herein in its
      entirety.











The
      representations and warranties of
      the parties made in the Merger Agreement were made solely for purposes of the
      contract between the parties to the Merger Agreement.  The assertions
      embodied in those representations and warranties are subject to important
      qualifications and limitations agreed to by the parties in connection with
      the
      negotiation of the terms of the Merger Agreement.  Representations and
      warranties may not be accurate or complete because they were made as of a
      specified date, may be subject to a contractual standard of materiality that
      may
      differ from what is viewed as material by shareholders, may have been used
      for
      the purpose of allocating risk between the parties and/or may establish closing
      conditions rather than establishing matters as facts.  Accordingly, no
      person should rely on the representations and warranties as statements of facts
      at the time they were made or otherwise and the representations and warranties
      should be read only in conjunction with the other information that GCB makes
      publicly available in reports, statements and other documents filed with the
      Securities and Exchange Commission.





In
      connection with GCB and OFC entering
      into the Merger Agreement, GCB entered into agreements with certain GCB
      employees.  For more information regarding these agreements, see Item
      5.02, which information is incorporated herein by reference.








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





**Non-Compete
      Agreement**





Effective
      as of the date of the Merger Agreement, GCB has entered into a non-compete
      agreement (the “Non-Compete Agreement”) with Anthony M. Bruno, Jr., GCB’s
      President and Chief Executive Officer.  The agreement provides
      generally that Mr. Bruno will receive twelve monthly payments of $35,416.67
      following the closing of the Merger, and in exchange will furnish to OFC
      information and assistance requested by OFC for sixty days following the closing
      of the Merger.  In addition, for a period of twelve months following
      the closing of the Merger, Mr. Bruno has generally agreed not to: be employed
      by
      or participate in the management of a savings bank, savings bank holding
      company, savings and loan association, savings and loan holding company, credit
      union, bank or bank holding company, or any mortgage or loan broker in Passaic,
      Bergen, Hudson or Morris counties, New Jersey; divert business from OFC or
      discourage other persons, firms or corporations from doing business with OFC;
      solicit deposits from any person, firm or corporation in Passaic, Bergen, Hudson
      or Morris counties, New Jersey; or solicit for employment or recommend for
      employment to another person, firm or corporation any employee of Oritani
      Savings Bank or OFC.





**Change
      in Control, Confidentiality and Non-Compete Agreement**





Effective
      as of the date of the Merger Agreement, GCB has entered into a change in
      control, confidentiality and non-compete agreement (the “Change in Control
      Agreement”) with Stephen J. Mauger, GCB’s Chief Financial
      Officer.  The Change in Control Agreement provides Mr. Mauger with
      certain benefits in the event that GCB terminates his employment within twelve
      months following a Change in Control of GCB for a reason other than Just
      Cause.  The Change in Control Agreement also provides certain benefits
      to Mr. Mauger if he should voluntarily terminate his employment within twelve
      months following a Change in Control of GCB when Good Reason exists and GCB
      fails to address the basis for that Good Reason within 30 days of his having
      notified GCB in writing of that basis.





The
      Change in Control Agreement defines a “Change in Control” as: (i) the
      acquisition by any person (other than GCB) of ownership power to vote more
      than
      331⁄3% of GCB’s or Greater Community Bank’s voting stock; (ii) the acquisition by
      any person (other than GCB) of the control of the election of a majority of
      GCB’s or Greater Community Bank’s directors; (iii) the exercise of a controlling
      influence over the management or policies of GCB or Greater Community Bank
      by
      any person (other than GCB) or by persons acting as a group within the meaning
      of §13(d) of the Securities Exchange Act of 1934; or (iv) during any period of
      two consecutive years, individuals who at the beginning of such two year period
      constitute the board of directors of GCB (the “Continuing Directors”) cease for
      any reason to constitute at











least
      two-thirds thereof, provided that any individual whose election or nomination
      for election as a member of the GCB board of directors was approved by a vote
      of
      at least two-thirds of the Continuing Directors then in office shall be
      considered a Continuing Director.





The
      Change in Control Agreement defines “Just Cause” to exist when the GCB or
      Greater Community Bank board of directors determines in its sole discretion
      that
      there shall have occurred one or more of the following events with respect
      to
      Mr. Mauger: (1) dishonesty arising from or relating to Mr. Mauger’s position;
      (2) commission of an act that causes or that probably will cause economic damage
      to the company or injury to its business reputation arising from or relating
      to
      Mr. Mauger’s position; (3) misconduct arising from or relating to Mr. Mauger’s
      position; (4) breach of fiduciary duty; (5) failure to perform stated duties;
      (6) violation of any law, rule or regulation (other than traffic violations
      or
      similar offenses) or final cease and desist order; or (7) breach of any
      provision of the Change in Control Agreement.





The
      Change in Control Agreement defines “Good Reason” as, unless done with the
      consent of Mr. Mauger: the assignment of duties materially inconsistent with
      the
      Mr. Mauger’s position as the Chief Financial Officer; his duties and
      responsibilities immediately prior to the Change in Control; a material
      reduction in Mr. Mauger’s base salary as in effect at the time of the Change in
      Control; or GCB requiring Mr. Mauger to be based anywhere other than within
      thirty (30) miles of Mr. Mauger’s office location at the time of the Change in
      Control, except for required travel on GCB’s business to an extent substantially
      consistent with Mr. Mauger’s business travel obligations for his
      position.





In
      the
      event that GCB terminates Mr. Mauger’s employment within twelve (12) months
      following a Change in Control of GCB for a reason other than Just Cause or
      Mr.
      Mauger terminates his employment with GCB when Good Reason exists and GCB fails
      to address the basis for that Good Reason within 30 days of his having notified
      GCB in writing of that basis, Mr. Mauger shall be paid one (1) times his base
      annual salary, less that amount of base salary, excluding any bonuses, actually
      paid after the Change in Control, and subject to ordinary tax withholdings,
      provided Mr. Mauger executes an Acknowledgment and Release Agreement regarding
      employment-related claims in a form satisfactory to GCB.  The
      aggregate amount payable to Mr. Mauger shall not equal or exceed the difference
      between (i) the product of 2.99 times Mr. Mauger’s “base amount” as defined in
      Section 280G(b)(3) of the Internal Revenue Code and regulations promulgated
      thereunder, and (ii) the sum of any other parachute payments (as defined under
      Section 280G(b)(2) of the Internal Revenue Code) that Mr. Mauger receives on
      account of the change in control.





If
      GCB or Greater Community Bank
      disposes of all or substantially all its property and assets, or ceases to
      exist
      as a result of a merger or otherwise, GCB and Greater Community Bank will,
      as a
      condition precedent to any such transaction, cause the entity acquiring the
      property or assets or succeeding to the business to become bound by, and replace
      GCB or Greater Community Bank, under the Change in Control
      Agreement.





**Safe
      Harbor Statement under the Private Securities Litigation Reform Act of
      1995**





A
      number of the matters discussed in
      this report that are not historical or current facts deal with potential future
      circumstances and developments, in particular, information regarding the new
      company, including expected synergies from the merger of OFC and GCB, combined
      operating and financial data, competitive strengths, growth opportunities,
      and
      whether and when the transactions contemplated by the merger agreement will
      be
      consummated.  The discussion of such matters is qualified by the
      inherent risk and uncertainties surrounding future expectations generally,
      and
      also may materially differ from actual future experience involving any one
      or
      more of such matters.  Such risks and uncertainties
      include:  the failure to realize capital and operating expense
      synergies in the timeframe expected or at all; the merger may involve unexpected
      costs or liabilities; the result of the review of the proposed merger by various
      regulatory agencies, and any conditions imposed on the new company in connection
      with the consummation of the merger; approval of the merger by the stockholders
      of OFC and GCB and satisfaction of various other conditions to the closing
      of
      the merger contemplated by the merger agreement; and the risks that are
      described from time to time in GCB’s reports filed with the United States
      Securities and











Exchange
      Commission, including GCB’s annual report on Form 10-K for the year ended
      December 31, 2006, and subsequent reports filed with the Securities and Exchange
      Commission.





**Additional
      Information and Where to Find It**





OFC
      and GCB will file a registration
      statement, a proxy statement/prospectus and other relevant documents concerning
      the proposed Merger with the Securities and Exchange Commission (the
“SEC”).   SHAREHOLDERS ARE URGED TO READ THE REGISTRATION
      STATEMENT AND THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND
      ANY
      OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR
      SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
      ABOUT THE MERGER. You will be able to obtain a free copy of the proxy
      statement/prospectus, as well as other filings containing information about
      OFC
      and GCB, at the SEC’s Internet site (http://www.sec.gov).  Copies of
      the proxy statement/prospectus to be filed by OFC also can be obtained, when
      available and without charge, by directing a request to Oritani Financial Corp.,
      Attention: Kevin J. Lynch, 370 Pascack Road, Township of Washington, New Jersey
      07676, (201) 664-5400 or to Greater Community Bancorp, Attention: Anthony M.
      Bruno, 55 Union Boulevard, Totowa, New Jersey 07512, (973)
      942-1111.





**Participants
      in Solicitation**





Greater
      Community Bancorp, Oritani
      Financial Corp. and their respective directors and executive officers may be
      deemed to be participants in the solicitation of proxies from the shareholders
      of Greater Community Bancorp and Oritani Financial Corp. in connection with
      the
      Merger.  Information about the directors and executive officers of
      Greater Community Bancorp and their ownership of Greater Community Bancorp
      common stock is set forth in Greater Community Bancorp’s most recent proxy
      statement as filed with the SEC on Schedule 14, which is available at the SEC’s
      Internet site (http://www.sec.gov) and upon request from Greater Community
      Bancorp at the address in the preceding paragraph.  Information about
      the directors and executive officers of Oritani Financial Corp. is set forth
      in
      Oritani Financial Corp.’s most recent proxy statement filed with the SEC on
      Schedule 14A, which is available at the SEC’s Internet site and upon request
      from Oritani Financial Corp. at the address set forth in the preceding
      paragraph.  Additional information regarding the interests of these
      participants may be obtained by reading the proxy statement/prospectus regarding
      the proposed Merger when it becomes available.








**Item
      9.01  Financial Statements and Exhibits.**





(d)
      Exhibits.  The following exhibits are being filed with this Report and
      are attached hereto:


Exhibit
                No.
            Description
                of Exhibit2.1
            Agreement
                and Plan of Merger between Oritani Financial Corp. and Greater Community
                Bancorp10.1
            Non-Compete
                Agreement of Mr. Bruno10.2
            Change
                in Control, Confidentiality and Non-Compete Agreement of Mr.
                Mauger

















**SIGNATURE**


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 BANCORPDate:
                November 15, 2007
            */s/
                Stephen J. Mauger*Stephen
                J. MaugerSenior
                Vice President, Treasurer andChief
                Financial Officer