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SECURITIES AND EXCHANGE COMMISSIONWashington, 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): September 20, 2006

SOMERSET HILLS BANCORP
(Exact name of
registrant as specified in its charter)

|                                                         |                                   |                                            
|-------------------------------------------------------- | --------------------------------- | -------------------------------------------
|New Jersey(State or
other jurisdiction of incorporation) | 000-50055(Commission
File Number) | 22-3768777(IRS Employer
Identification No.)

|                                                                                     |  |                
|------------------------------------------------------------------------------------ |  | ---------------
|155 Morristown Road Bernardsville, New Jersey(Address of principal executiveoffices) |  | 07924(Zip Code)

(908) 630-5000(Registrant's telephone
number, including area code)



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Item 7.01. Regulation FD
Disclosure

On
September 25, the Registrant will give a presentation to brokers and members of the
financial community. The Registrant is filing a copy of that presentation as Exhibit 99.1
hereto.

Item 8.01. Other Events.

On
September 21, 2006, the Registrant issued a press release announcing that its Board of
Directors declared a cash dividend of $0.03 per share, payable on November 30, 2006 to
shareholders of record as of November 15, 2006. A copy of the September 21, 2006 press
release is included as Exhibit 99.2 hereto.

The
information in this section, including the information contained in the press release
included as Exhibit 99.2 hereto, is being furnished pursuant to this Item 8.01 and shall
not deemed to be filed for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that Section. In
addition, this information shall not be deemed to be incorporated by reference into any of
the Registrants filings with the Securities and Exchange Commission, except as shall
be expressly set forth by specific reference in any such filing.

Item 9.01. Financial
Statements and Exhibits.

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

| |                |                                                                                                                                                                                             
| | -------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |                |                                                                                                                                                                                             
| | Exhibit Number | Description                                                                                                                                                                                 
| | 99.1           | Presentation to the Financial Community dated September 25, 2006                                                                                                                            
| | 99.2           | Press Release dated September 21, 2006 announcing the declaration
             of a $0.03 per share cash dividend to be paid to shareholders of
             record as of November 15, 2006.
| |                |                                                                                                                                                                                             



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# SIGNATURES

Pursuant
to the requirements of the Securities Exchange Act of 1934, Somerset Hills Bancorp, has
duly caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.

|                          |                                                                                          
|------------------------- | -----------------------------------------------------------------------------------------
|Dated: September 22, 2006 | SOMERSET HILLS BANCORPBy: /s/Stewart E. McClure, Jr.
Presidentand Chief Executive Officer

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# EXHIBIT INDEX

# CURRENT REPORT ON FORM
8-K

|               |                                                                                                                                                                                              |         
|-------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------
|               |                                                                                                                                                                                              |         
|Exhibit Number | Description                                                                                                                                                                                  | Page No.
|99.1           | Presentation to the Financial Community dated September 25, 2006                                                                                                                             |         
|99.2           | Press Release dated September 21, 2006 announcing the declaration
             of a $0.03 per share cash dividend to be paid to shareholders of
             record as of November 15, 2006. |         
|               |                                                                                                                                                                                              |