As
      filed
      with the Securities and Exchange Commission on


May
      23,
      2007


Registration
      No. 333-_____










**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      DC 20549**


______________________





**FORM
      S-8**


**REGISTRATION
      STATEMENT UNDER**


**THE
      SECURITIES ACT OF 1933**


______________________





**SOMERSET
      HILLS BANCORP**


(Exact
      name of registrant as specified in its charter)





**NEW
      JERSEY**


(State
      or
      other jurisdiction of incorporation or organization)





**22-3768777**


(I.R.S.
      Employer Identification No.)





**155
      MORRISTOWN ROAD**


**BERNARDSVILLE,
      NEW JERSEY 07924**


(Address
      of principal executive offices)





**SOMERSET
      HILLS BANCORP**


**2007
      EQUITY INCENTIVE PLAN**


(Full
      title of the plan)





**STEWART
      E. MCCLURE, JR.**


**SOMERSET
      HILLS BANCORP**


**155
      MORRISTOWN ROAD**


**BERNARDSVILLE,
      NEW JERSEY 07924**





(Name
      and
      address of agent for service)





**(908)
      221-0100**


(Telephone
      number, including area code of agent for service)


1





**CALCULATION
      OF REGISTRATION FEE**





Title
                of Securities
              to
                be Registered
            Amount
                to be
              Registered
            Proposed
              Maximum
              Offering
                Price
              Per
                Share (2)
            Proposed
                Maximum
              Aggregate
                Offering
              Price
            Amount
                of
              Registration
                FeeCommon
                Stock, no
              par
                value per share
              and
                interests of
              participation
                in the
              Plan
            125,000
                (1)
            $12.79
            $1,598,750
            $49.09





(1)
      Maximum number of shares authorized
      for issuance pursuant to the Registrant’s 2007 Equity Incentive Plan (the
“Plan”).  This Registration Statement also relates to such
      indeterminate number of additional shares of common stock of the Registrant
      as
      may be issuable as a result of stock splits, stock dividends or similar
      transactions, as described in the Plan.





(2)
      Estimated solely for the purpose of
      calculating the registration fee and based upon the average of the high and
      low
      prices reported for the Registrant’s stock as of May 22, 2007 in accordance with
      Rule 457(h)(1).





In
      addition, pursuant to Rule 416(c)
      under the Securities Act of 1933, this Registration Statement also covers an
      indeterminate amount of interests to be offered or sold to prevent dilution
      resulting from certain capital changes affecting the
      Registrant.


2


**PART
      II**





**INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT**





**Item
      3.   Incorporation of Documents by
      Reference.**





The
      Company is subject to the
      informational requirements of the Securities Exchange Act of 1934, as amended
      (the "Exchange Act") and, accordingly, files periodic reports and other
      information with the Securities and Exchange Commission (the
      "SEC").  Reports, proxy statements and other information concerning
      the Company filed with the SEC may be inspected and copies may be obtained
      (at
      prescribed rates) at the SEC's Public Reference Section, Room 1024, 450 Fifth
      Street, N.W., Washington, D.C.  20549.  The Commission also
      maintains a Website that contains copies of such material.  The
      address of the Commission's Website is http://www.sec.gov.





The
      following documents filed with the
      SEC are hereby incorporated by reference into this Registration
      Statement:





(a)
      the
      audited financial statements of the Registrant as of and for the year ended
      December 31, 2006 on Form 10-K filed with the SEC on March 21,
      2007;





(b)
      the
      Registrant’s quarterly report for the period ended March 31, 2007 on Form 10-Q
      filed with the SEC on May 11, 2007; and





(c)
      the
      description of the Registrant’s Common Stock, no par value per share, contained
      in the Registrant's Registration Statement on Form 8-A, File No. 000-50055,
      as
      filed with the Securities and Exchange Commission on October 28, 2002, to
      register the Common Stock under Section 12(g) of the Exchange Act.





In
      addition, all documents subsequently
      filed by the Company with the SEC pursuant to Sections 12, 13(a), 14 and 15(d)
      of the Exchange Act after the effective date of this Registration Statement,
      but
      prior to the filing of a post-effective amendment which indicates that all
      securities offered hereby have been sold or which deregisters all securities
      then remaining unsold, shall be deemed to be incorporated by reference in this
      Registration Statement and to be part hereof from the respective date of filing
      of such documents.





Any
      statement contained in a document
      incorporated or deemed to be incorporated by reference shall be deemed to be
      modified or superseded for purposes of this Registration Statement to the extent
      that a statement contained herein or in any other subsequently filed document
      which also is incorporated or is deemed to be incorporated by reference herein
      modified or superseded such statement.  Any such statement so modified
      or superseded shall not be deemed, except as so modified or superseded, to
      constitute a part of this Registration Statement.





**Item
      4.   Description of Securities.**





Not
      applicable.





**Item
      5.   Interests of Named Experts and
      Counsel.**





Not
      applicable.


3


**Item
      6.   Indemnification of Directors and
      Officers.**





Article
      VI of the Company's Certificate of Incorporation provides as
      follows:





Subject
      to the following, a director or officer of the Company shall not be personally
      liable to the Company or its shareholders for damages for breach of any duty
      owed to the Company or its shareholders.  The preceding sentence shall
      not relieve a director or officer from liability for any breach of duty based
      upon an act or omission (i) in breach of such person's duty of loyalty to the
      Company or its shareholders, (ii) not in good faith or involving a knowing
      violation of law, or (iii) resulting in receipt by such person of an improper
      personal benefit.  If the New Jersey Business Corporation Act is
      amended to authorize corporate action further eliminating or limiting the
      personal liability of directors or officers, then the liability of a director
      or
      officer or both of the Company shall be eliminated or limited to the fullest
      extent permitted by the New Jersey Business Corporation Act as so
      amended.  Any amendment to this Certificate of Incorporation, or
      change in law which authorizes this paragraph shall not adversely affect any
      then existing right or protection of a director or officer of the
      Company.





Article
      VII of the Company's Certificate of Incorporation provides as
      follows:





Article
      VII of the Certificate of Incorporation of the Company provides that the Company
      shall indemnify its present and former officers, directors, employees and agents
      and persons serving at its request against expenses, including attorneys' fees,
      judgments, fines or amounts paid in settlement incurred in connection with
      any
      pending or threatened civil or criminal proceedings to the fullest extent
      permitted by the New Jersey Business Corporation Act.  Article VII
      also provides that such indemnification shall not exclude any other rights
      to
      indemnification to which a person may otherwise be entitled, and authorizes
      the
      Company to purchase insurance on behalf of any of the persons enumerated against
      any liability whether or not the Company would have the power to indemnify
      him
      under the provisions of Article VII.  The New Jersey Business
      Corporation Act empowers a corporation to indemnify a corporate agent against
      his expenses and liabilities incurred in connection with any proceeding (other
      than a derivative lawsuit) involving the corporate agent by reason of his being
      or having been a corporate agent if (a) the agent acted in good faith and in
      a
      manner he reasonably believed to be in or not opposed to the best interests
      of
      the corporation, and (b) with respect to any criminal proceeding, the corporate
      agent had no reasonable cause to believe his conduct was unlawful. For purposes
      of the Act, the term "corporate agent" includes any present or former director,
      officer, employee or agent of the corporation, and a person serving as a
      "corporate agent" for any other enterprise at the request of the
      corporation.  With respect to any derivative action, the corporation
      is empowered to indemnify a corporate agent against his expenses (but not his
      liabilities) incurred in connection with any proceeding involving the corporate
      agent by reason of his being or having been a corporate agent if the agent
      acted
      in good faith and in a manner he reasonably believed to be in or not opposed
      to
      the best interests of the corporation.  However, only the court II-1
      in which the proceeding was brought can empower a corporation to indemnify
      a
      corporate agent against expenses with respect to any claim, issue or matter
      as
      to which the agent was adjudged liable for negligence or
      misconduct.  The corporation may indemnify a corporate agent in a
      specific case if a determination is made by any of the following that the
      applicable standard of conduct was met: (i) the Board of Directors, or a
      committee thereof, acting by a majority vote of a quorum consisting of
      disinterested directors; (ii) by independent legal counsel if there is not
      a
      quorum of disinterested directors or if the disinterested quorum empowers
      counsel to make the determination; or (iii) by the stockholders.  A
      corporate agent is entitled to mandatory indemnification to the extent that
      the
      agent is successful on the merits or otherwise in any proceeding, or in defense
      of any claim, issue or matter in the proceeding.  If a corporation
      fails or refuses to indemnify a corporate agent, whether the indemnification
      is
      permissive or mandatory, theagent may apply to a court to grant him the
      requested indemnification.  In advance of the final disposition of a
      proceeding, the corporation may pay an agent's expenses if the agent agrees
      to
      repay the expenses unless it is ultimately determined he is entitled to
      indemnification.


4




**Item
      7.   Exemption From Registration Claimed.**





Not
      applicable.





**Item
      8.   Exhibits.**





The
      following exhibits are filed with
      this Registration Statement.





ExhibitNumber
            Description
                of Exhibit4
            2007
                Equity Incentive Plan (1)5
            Opinion
                of Windels Marx Lane & Mittendorf, LLP23(a)
            Consent
                of Crowe Chizek and Company LLC23(b)
            Consent
                of KPMG LLP23(c)
            Consent
                of Windels Marx Lane & Mittendorf, LLP (included in the Opinion filed
                as Exhibit 5 hereto)_______________________(1)
                Incorporated by reference from Exhibit A to the Registrant’s Proxy
                Statement on Form 14A, as filed with the SEC on March 22,
                2007.





**Item
      9.   Undertakings.**





(a)           The
      undersigned registrant hereby undertakes:





(1)           To
      file, during any period in which offers or sales are being made, a
      post-effective amendment to this Registration Statement to include any material
      information with respect to the plan of distribution not
      previously****disclosed in the Registration Statement or any
      material change to such information in the Registration Statement;





(2)           That,
      for purpose of determining any liability under the Securities Act of 1933,
      each
      such post-effective amendment shall be deemed to be a new Registration Statement
      relating to the securities offered therein, and the offering of such securities
      at that time shall be deemed to be the initial bona fide offering
      thereof.





(3)           To
      remove from registration by means of post-effective amendment any of the
      securities being registered which remain unsold at the termination of the
      offering.





(b)           The
      undersigned company hereby undertakes that, for purposes of determining any
      liability under the Securities Act of 1933, each filing of the Registrant's
      Annual Report pursuant to Section 13(a) or


5


Section
      15(d) of the Exchange Act that is incorporated by reference in the Registration
      Statement shall be deemed to be a new Registration Statement relating to the
      securities offered therein, and the offering of such securities at the time
      shall be deemed to be the initial bona fide offering thereof.





(c)           Insofar
      as indemnification for liabilities arising under the Securities Act of 1933
      may
      be permitted to directors, officers and controlling persons of the company
      pursuant to the foregoing provisions, or otherwise, the company has been advised
      that in the opinion of the Securities and Exchange Commission such
      indemnification is against public policy as expressed in the Act and is,
      therefore, unenforceable.  In the event that a claim for
      indemnification against such liabilities (other than the payment by the
      Registrant of expenses incurred or paid by a director, officer of controlling
      person of the Registrant in the successful defense of any action, suit or
      proceeding) is asserted by such director, officer or controlling person in
      connection with the securities being registered, the Registrant will, unless
      in
      the opinion of its counsel the matter has been settled by controlling precedent,
      submit to a court of appropriate jurisdiction the question whether such
      indemnification by it is against public policy as expressed in the Act and
      will
      be governed by the final adjudication of such issue.





6





**SIGNATURES**





Pursuant
      to the requirements of the Securities Act of 1933, the Registrant certifies
      that
      it has reasonable grounds to believe that it meets all of the requirements
      for
      filing on Form S-8 and has duly caused this registration statement to be signed
      on its behalf by the undersigned, thereunto duly authorized, in the Borough
      of
      Bernardsville, State of New Jersey, on the 23rd day of May,
      2007.  Pursuant to the requirements of the Securities Act of 1933,
      this registration statement has been signed by the following persons in the
      capacities and on the date indicated.








SOMERSET
      HILLS BANCORP





**Name**
            
            **Title**
            
            **Date**/s/
                Stuart E. McClure, Jr.
              
              **Stuart
                E. McClure, Jr.**
            
            President,
                Chief Executive Officer, Chief Operating Officer and
                Director
            
            May
                23, 2007/s/
                Gerard Riker
              
              **Gerard
                Riker**
            
            Executive
                Vice President, Chief Financial Officer and Director
            
            May
                23, 2007/s/
                Edward B. Deutsch
              
              **Edward
                B. Deutch**
            
            Director
              (Chairman
                of the Board)
            
            May
                23, 2007/s/
                Cornelius E. Golding
              
              **Cornelius
                E. Golding**
            
            Director
            
            May
                23, 2007/s/
                Jerome J. Graham, Jr.
              
              **Jerome
                J. Graham, Jr.**
            
            Director
            
            May
                23, 2007/s/
                Desmond V. Lloyd
              
              **Desmond
                V. Lloyd**
            
            Director
            
            May
                23, 2007/s/
                Paul F. Lozier
              **Paul
                F. Lozier**
            
            Director
            
            May
                23, 2007






7





/s/
                Thomas J. Marino
              
              **Thomas
                J. Marino**
            
            Director
            
            May
                23, 2007/s/
                Thompson H. McDaniel
              
              **Thompson
                H. McDaniel**
            
            Director
            
            May
                23, 2007/s/
                Gerald B. O’Connor
              
              **Gerald
                B. O’Connor**
            
            Director
            
            May
                23, 2007/s/
                M. Gerald Sedam II
              **M.
                Gerald Sedam II**
            
            Director
            
            May
                23, 2007








8


**EXHIBIT
      INDEX TO REGISTRATION**


**STATEMENT
      ON FORM S-8**


**OF
      SOMERSET HILLS BANCORP**





ExhibitNumber
            Description
                of Exhibit4
            2007
                Equity Incentive Plan (1)5
            Opinion
                of Windels Marx Lane & Mittendorf, LLP23(a)
            Consent
                of Crowe Chizek and Company LLC23(b)
            Consent
                of KPMG LLP23(c)
            Consent
                of Windels Marx Lane & Mittendorf, LLP (included in the
                Opinionfiled
                as Exhibit 5 hereto)_______________________(1)
                Incorporated by reference from Exhibit A to the Registrant’s Proxy
                Statement on Form 14A, as filed with the SEC on March 22,
                2007.












9