Greater Community Bancorp - Annual Statement of Changes in Beneficial Ownership (5)

FORM 5

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Casey Karen	2. Issuer Name and Ticker or Trading Symbol GREATER COMMUNITY BANCORP [GFLS]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) EVP of Greater Community Bank
(Last) (First) (Middle) GREATER COMMUNITY BANK, 55 UNION BOULEVARD	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/31/2007
(Street) TOTOWA, NJ 07511-0269 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	4/30/2007		A	3.9196	A	$17.86	503.9196	D
Common Stock	7/31/2007		A	4.7827	A	$15.28	508.7023	D
Common Stock	9/28/2007		J ⁽¹⁾	12.7175	A	$0	521.4198	D
Common Stock	10/31/2007		A	5.2697	A	$14.35	526.6895	D

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (MM/DD/YYYY)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Nonstatutory Stock Option	$12.68	9/28/2007		J ⁽²⁾	55		1/1/2005	12/31/2009	Common Stock	55	$12.68	2208	D
Nonstatutory Stock Option	$12.68	9/28/2007		J ⁽²⁾	55		12/20/2005	12/31/2010	Common Stock	55	$12.68	2208	D
Nonstatutory Stock Option	$12.68	9/28/2007		J ⁽²⁾	55		12/20/2005	12/31/2011	Common Stock	55	$12.68	2208	D
Nonstatutory Stock Option	$12.68	9/28/2007		J ⁽²⁾	54		12/20/2005	12/31/2012	Common Stock	54	$12.68	2207	D
Nonstatutory Stock Option	$12.68	9/28/2007		J ⁽²⁾	54		12/20/2005	12/31/2013	Common Stock	54	$12.68	2207	D
Nonstatutory Stock Option	$14.6	9/28/2007		J ⁽²⁾	13		12/20/2005	12/31/2010	Common Stock	13	$14.6	538	D
Nonstatutory Stock Option	$14.6	9/28/2007		J ⁽²⁾	13		12/20/2005	12/31/2011	Common Stock	13	$14.6	538	D
Nonstatutory Stock Option	$14.6	9/28/2007		J ⁽²⁾	13		12/20/2005	12/31/2012	Common Stock	13	$14.6	538	D
Nonstatutory Stock Option	$14.6	9/28/2007		J ⁽²⁾	14		12/20/2005	12/31/2013	Common Stock	14	$14.6	539	D
Nonstatutory Stock Option	$14.6	9/28/2007		J ⁽²⁾	14		12/20/2005	12/31/2014	Common Stock	14	$14.6	539	D

Explanation of Responses:
( 1)	Voluntary reporting of exempt restricted stock awards adjusted pursuant to 2.5% stock dividend paid on September 28, 2007.
( 2)	Voluntary reporting of exempt stock option adjustment pursuant to 2.5% stock dividend paid on September 28, 2007.

Remarks:
A = Voluntary reporting of exempt acquisition of shares pursuant to reinvestment of dividends on restricted stock previoulsy issued.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Casey Karen GREATER COMMUNITY BANK 55 UNION BOULEVARD TOTOWA, NJ 07511-0269			EVP of Greater Community Bank

Signatures
/s/ Karen Casey		2/14/2008
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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