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): June 15, 2006
                                  -------------

                        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 June 15, 2006,  Monadnock  Community  Bancorp,  Inc. (the "Company") issued a
press release  disclosing that orders for  approximately  $3.9 million shares of
common  stock had been  received in the  subscription  and  community  offerings
portion of its second step  conversion  offering,  which  concluded  on June 13,
2006.  In addition,  the Company  announced  that Ryan Beck & Co., Inc. had been
authorized to proceed with a syndicated  community  offering of unsold shares of
common stock, which is expected to commence on or about June 15, 2006 and expire
early in the week of June 19, 2006. Finally, the Company stated that, subject to
market  conditions  and  regulatory  approval,  it  anticipated  completing  the
offering at no more than the maximum of the offering  range. A copy of the press
release is filed as exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits.

        (a) Financial Statements of Businesses Acquired: None

        (b) Pro Forma Financial Information: None

        (c) Shell Company Transactions:  None

        (d) 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:  June 15, 2006                   By: /s/ Karl F. Betz
                                           ---------------------------------
                                           Karl F. Betz
                                           Senior Vice President and
                                           Chief Financial Officer






















                                  EXHIBIT 99.1