**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):
              January
                  16, 2007
  
 **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))
  
  **Item
            5.02 Departure of Directors or Certain Officers; Election of Directors;
            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.**
 
 (c)  Effective
            January 16, 2007, the Board s
            of
            Directors of Greater Community Bancorp (“Company”) and Greater Community Bank, a
            Company subsidiary (“Bank”), appointed Anthony M. Bruno, Jr. to the position of President of the
            Company and the Bank . 
            Mr. Bruno, previously interim President of both
            entities ,
            continues to serve as Chairman and Chief Executive Officer of the
            Company and the Bank. 
            Mr. Bruno's compensation remains the same pursuant to his Employment
            Agreement
            (as amended) previously filed on December 27, 2006 as an exhibit to the
            Form
            8-K.
  **Item
            8.01 Other Events.**
 
 In
            the
            fourth quarter of 2006, Greater Community Bancorp (the “Company”) recorded a
            one-time tax provision of $4.2 million to account for additional tax
            liabilities. The Company recognized an increase to its current tax liability
            in
            connection with a review of its tax positions. This review was in anticipation
            of the Company’s adoption of FASB Interpretation No. 48 in 2007. A copy of the
            press release, discussing the increase in current tax liability and its
            effects
            on earnings for the quarter and year ended December 31, 2006, is attached
            hereto
            as Exhibit 99.1.
 
 **Item
            9.01 Financial Statements and Exhibits.**
 
 (c)
            Exhibits. The following exhibit is being filed with this Report and is
            attached
            hereto:
 
 **99.1**  Press
            Release issued January 17, 2007 relating to an additional tax liability
            and
            earnings for the quarter and year ended December 31,
            2006.
 
  **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:
                      January 18, 2007
                  */s/
                      Stephen J. Mauger*Stephen
                      J. MaugerSenior
                        Vice President, Treasurer and
                        CFO