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 26, 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 26, 2006,  Monadnock  Community  Bancorp,  Inc. (the "Company") issued a
press release disclosing that it had received  conditional  regulatory approval,
stockholder  approval and approval by the members of  Monadnock  Mutual  Holding
Company,  the Company's mutual holding company,  to complete the mutual to stock
conversion of Monadnock  Mutual Holding Company and related stock offering.  The
transaction  is expected to close on June 28,  2006.  In  addition,  the Company
disclosed  the  results of the stock  offering.  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 27, 2006                        By:  /s/ Karl F. Betz
                                                 -------------------------------
                                                 Karl F. Betz
                                                 Senior Vice President and
                                                 Chief Financial Officer