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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 February                28, 2007 announcing                the approval of a                stock re-purchase program of up to 250,000 shares |
|   |                                                                 |                                                                                                                                                                             |

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**SIGNATURES**

|                                | **SOMERSET                HILLS BANCORP** |                                       |
|-------------------------------------|-------------------------------------------|--------------------------------------------|
|                                | (Registrant)                              |                                       |
|                                |                                      |                                       |   |
|                                |                                      |                                       |   |
| Dated:                March 1, 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 February 28, 2007 announcing the approval of a                stock re-purchase program of up to 250,000 shares | 5                       |