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): December 9, 2005

                        MONADNOCK COMMUNITY BANCORP, INC.
                        ---------------------------------
             (Exact Name of Registrant as Specified in its Charter)

    Federal                             000-50810               42-1634975
- -----------------------------      ----------------------    ----------------
(State or Other Jurisdiction)      (Commission File No.)     (I.R.S. Employer
  of Incorporation)                                          Identification No.)


One Jaffrey Road, Peterborough, NH                                      03458
- ----------------------------------                                      -----
(Address of Principal Executive Offices)                             (Zip Code)

Registrant's telephone number, including area code:  (603) 924-9654
                                                     --------------

                                 Not Applicable
                                 --------------
          (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 Instruction A.2. below):

[  ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))





Item 8.01. Other Events.
- ------------------------

On December 9, 2005,  Monadnock Community Bancorp,  Inc. announced its intention
to  repurchase  4.4% of its  outstanding  publicly  held common  stock or 18,400
shares of common stock.  The purpose of the  repurchase is to fund the Monadnock
Community  Bancorp 2005  Recognition and Retention Plan approved by stockholders
at the 2005 annual meeting of stockholders.


Item 9.01. Financial Statements and Exhibits.
- ---------------------------------------------

(a) Financial Statements of Businesses Acquired: None

(b) Pro Forma Financial Information: None

(c) Exhibits:

    Exhibit 99.1: Press Release





                                   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.

                                           MONADNOCK COMMUNITY BANCORP, INC.


DATE:  December 9, 2005                    By:  /s/ Karl F. Betz
                                                --------------------------------
                                                Karl F. Betz
                                                Senior Vice President and
                                                Chief Financial Officer


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                                  EXHIBIT 99.1