Item 8.01 Other Events.

On May 12, 2009, the Registrant issued a press release announcing that the Registrant has received approval to redeem the Series A Preferred Stock issued to the United States Department of the Treasury pursuant to the Capital Purchase Program. A copy of the May 12, 2009 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. The following is filed as an Exhibit to this Current Report on Form 8-K:

99.1 Power Point Presentation: Stewart E. McClure, Jr., Somerset Hills Bancorp President, CEO and COO, May 12, 2009 - Investor Presentation

99.2 Press release dated May 12, 2009 with respect to the redemption of the preferred stock issued in connection with the Registrant's participation the U.S. Treasury's Capital Purchase Program