UNITED STATESSECURITIES AND ~~STATES~~EXCHANGE COMMISSIONWashington, D.C. 20549FORM 8-KCURRENT REPORTPURSUANT TO SECTION 13 or 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934

~~SECURITIES~~ Date ~~AND~~of Report ~~EXCHANGE~~(Date ~~COMMISSION~~of earliest event reported): February 07, 2012HIGHLANDS BANCORP, INC.(Exact Name of Registrant as Specified in its Charter)

Washington, D.C. 20549

New Jersey

000-54110

27-1954096

(State or Other Jurisdiction

of Incorporation)

(Commission File
Number)

(IRS Employer

Identification No.)

FORM 8-K

310 Route 94 Vernon, New Jersey		07462
(Address of Principal Executive Offices)		(Zip Code)

CURRENT REPORT

PURSUANT TO SECTION 13 or 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 20, 2011

HIGHLANDS BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

New Jersey	000-54110	27-1954096
(State or Other Jurisdiction	(Commission File	(IRS Employer
of Incorporation)	Number)	Identification No.)
310 Route 94
Vernon, New Jersey		07462
(Address of Principal Executive Offices)		(Zip Code)

Registrant's telephone number, including area code: (973) 764-3200


	(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 (See General Instructions A.2. below):

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-12)

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 52.02. -Results ~~Departure~~ of ~~Directors~~Operation orand ~~Certain~~Financial ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.~~Condition

On February 07, 2012, Highlands Bancorp, Inc. (ethe “Company”) issued a press release, furnished as Exhibit 99.1 and incorporated in this Item 2.02 by reference, reporting 2011 fourth quarter results of operations.

OnItem December 20, 2011, the Registrant and Highlands State Bank, a New Jersey state chartered commercial bank and wholly owned subsidiary of the Registrant (the “Bank”) agreed to enter into an employment agreement amendment (the “Amendment”) with George E9.01 ~~Irwin,~~Financial ~~the~~Statements ~~Registrant~~ and the Bank’s President and Chief Executive Officer, amending the employment agreement dated January 1, 2005, as previously amended on May 19, 2009 (jointly, the “Original Agreement”) between Mr. Irwin and the Bank.Exhibits

Under the terms of the Amendment, Mr. Irwin’s base salary was increased by $23,500 to $200,000. In addition, if the Registrant were to undergo a “change in control” as defined in the Amendment, and either (id) Mr Exhibits. The followings ~~Irwin’s~~exhibit ~~employment~~is ~~was~~furnished ~~involuntarily~~pursuant ~~terminated, or (ii) Mr. Irwin resigned his employment with “good reason”, as defined in the Amendment, then Mr. Irwin would be entitled~~ to aItem ~~lump sum payment equal to one and one-half times his then current salary, subject to certain limitations and restrictions~~2.02

~~The Amendment further extended the term of the Original Agreement, which was due to expire on October 10, 2012, for two additional years until October 10, 2014~~ 99. ~~The term of the Agreement shall renew automatically for successive one (~~1) Press ~~year~~Release ~~terms~~dated ~~thereafter~~February ~~unless either the Registrant or Mr. Irwin provides notice to the other of non-renewal~~07, ~~in writing, no later than six (6) months prior to the anniversary date for each renewal.~~2012

~~Item 9.01 - Financial Statements and Exhibits~~ SIGNATURES

~~(d)~~ Pursuant ~~Exhibits~~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.

10.1 Employment Agreement Amendment by and among Highlands Bancorp, Inc., Highlands State Bank and George E. Irwin dated December 20, 2011.

		HIGHLANDS BANCORP, INC.

Date:	February 08, 2012	By:	/s/	Eileen D. Piersa
				Eileen D. Piersa
				Senior Vice President and Chief Financial Officer

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.

	HIGHLANDS STATE BANK
Date: December 22, 2011	By:	/s/ George E. Irwin
		George E. Irwin
		President and Chief Executive Officer

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