Registration No. 333-______

As filed with the Securities and Exchange Commission on July 20, 2007

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

FORM S-8

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

Monadnock Bancorp, Inc.
(Exact Name of Registrant as Specified in its Charter)

Maryland 20-4649880
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)

One Jaffrey Road
Peterborough, New Hampshire 03458
(Address of Principal Executive Offices)

Monadnock Bancorp, Inc. 2007 Equity Incentive Plan
(Full Title of the Plan)

Copies to:

Mr. William M. Pierce, Jr. Richard S. Garabedian, Esquire
President and Chief Executive Officer Luse Gorman Pomerenk & Schick, P.C.
Monadnock Bancorp, Inc. 5335 Wisconsin Ave., N.W., Suite 400
One Jaffrey Road Washington, D.C. 20015
Peterborough, New Hampshire 03458 (202) 274-2000
(603) 924-9654
(Name, Address and Telephone
Number of Agent for Service)

CALCULATION OF REGISTRATION FEE

====================================================================================================================

Title of Proposed Proposed
Securities Amount Maximum Maximum Amount of
to be to be Offering Price Aggregate Registration
Registered Registered(1) Per Share Offering Price Fee
- --------------------------------------------------------------------------------------------------------------------

Common stock, par value
$0.01 per share 19,931 (2) $6.65 (6) $132,541 $4
- --------------------------------------------------------------------------------------------------------------------

Common stock, par value
$0.01 per share 51,000 (3) $6.68 (5) $340,680 $11
- --------------------------------------------------------------------------------------------------------------------

Common stock, par value
$0.01 per share 26,375 (4) $6.65 (6) $175,394 $5
- --------------------------------------------------------------------------------------------------------------------

TOTALS 97,306 $648,615 $20
- --------------------------------------------------------------------------------------------------------------------

- -----------------------
(1) Together with an indeterminate number of additional shares that may be
necessary to adjust the number of shares reserved for issuance pursuant to
the Monadnock Bancorp, Inc. 2007 Equity Incentive Plan (the "Stock Benefit
Plan") as a result of a stock split, stock dividend or similar adjustment
of the outstanding common stock of Monadnock Bancorp, Inc. (the "Company")
pursuant to 17 C.F.R. Section 230.416(a).
(2) Represents the number of shares of common stock awarded as restricted
stock but not vested under the Stock Benefit Plan.
(3) Represents the number of shares of common stock currently reserved for
issuance for options granted pursuant to the Stock Benefit Plan.
(4) Represents the number of shares of common stock reserved for issuance
under the Stock Benefit Plan for any future grants of restricted stock or
stock options.
(5) Determined pursuant to 17 C.F.R. Section 230.457(h)(1).
(6) Determined pursuant to 17 C.F.R. Section 230.457(c).

-----------------------

This Registration Statement shall become effective upon filing in
accordance with Section 8(a) of the Securities Act of 1933 and 17 C.F.R. ss.
230.462.

PART I.

Items 1 and 2. Plan Information and Registrant Information and Employee Plan
Annual Information

The documents containing the information specified in Parts I and II of
Form S-8 have been or will be sent or given to participants in the Stock Benefit
Plan as specified by Rule 428(b)(1) promulgated by the Securities and Exchange
Commission (the "Commission") under the Securities Act of 1933, as amended (the
"Securities Act").

Such documents are not being filed with the Commission, but constitute
(along with the documents incorporated by reference into this Registration
Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the
requirements of Section 10(a) of the Securities Act.

PART II.

Item 3. Incorporation of Documents by Reference

The following documents previously or concurrently filed with the
Commission are hereby incorporated by reference in this Registration Statement:

a) The Annual Report on Form 10-KSB of the Company for the fiscal year
ended December 31, 2006 (Commission File No. 000-50810), filed with the
Commission on March 23, 2007 pursuant to Section 13(a) of the Securities and
Exchange Act of 1934, as amended (the "Exchange Act");

b) All other reports filed by the Company pursuant to Section 13(a) or
15(d) of the Exchange Act since the end of the year covered by the Annual Report
on Form 10-KSB referred to in (a) above; and

c) The description of the Company's common stock contained in the
Registration Statement on Form 8-A filed with the Commission on June 26, 2006
(Commission File No. 000-50810).

All documents subsequently filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the
date hereof, and prior to the filing of a post-effective amendment that
indicates that all securities offered hereby have been sold or that deregisters
all securities then remaining unsold, shall be deemed incorporated by reference
into this Registration Statement and to be a part thereof from the date of the
filing of such documents. Any statement contained in the documents incorporated,
or deemed to be incorporated, by reference herein or therein shall be deemed to
be modified or superseded for purposes of this Registration Statement and the
prospectus to the extent that a statement contained herein or therein or in any
other subsequently filed document which also is, or is deemed to be,
incorporated by reference herein or therein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration
Statement and the prospectus.

All information appearing in this Registration Statement and the
prospectus is qualified in its entirety by the detailed information, including
financial statements, appearing in the documents incorporated herein or therein
by reference.

Item 4. Description of Securities

Not applicable.

Item 5. Interests of Named Experts and Counsel

None.

Item 6. Indemnification of Directors and Officers

Articles 11 and 12 of the Articles of Incorporation of Monadnock
Bancorp, Inc. (for purposes of this Item 6, the "Corporation") set forth
circumstances under which directors, officers, employees and agents of the
Corporation may be insured or indemnified against liability which they incur in
their capacities as such:

ARTICLE 11. Indemnification, etc. of Directors and Officers.

A. Indemnification. The Corporation shall indemnify (1) its current and
former directors and officers, whether serving the Corporation or at its request
any other entity, to the fullest extent required or permitted by the MGCL now or
hereafter in force, including the advancement of expenses under the procedures
and to the fullest extent permitted by law, and (2) other employees and agents
to such extent as shall be authorized by the Board of Directors and permitted by
law; provided, however, that, except as provided in Section B hereof with
respect to proceedings to enforce rights to indemnification, the Corporation
shall indemnify any such indemnitee in connection with a proceeding (or part
thereof) initiated by such indemnitee only if such proceeding (or part thereof)
was authorized by the Board of Directors of the Corporation.

B. Procedure. If a claim under Section A of this Article 11 is not paid
in full by the Corporation within 60 days after a written claim has been
received by the Corporation, except in the case of a claim for an advancement of
expenses, in which case the applicable period shall be 20 days, the indemnitee
may at any time thereafter bring suit against the Corporation to recover the
unpaid amount of the claim. If successful in whole or in part in any such suit,
or in a suit brought by the Corporation to recover an advancement of expenses
pursuant to the terms of an undertaking, the indemnitee shall also be entitled
to be reimbursed the expense of prosecuting or defending such suit. It shall be
a defense to any action for advancement of expenses that the Corporation has not
received both (i) an undertaking as required by law to repay such advances in
the event it shall ultimately be determined that the standard of conduct has not
been met and (ii) a written affirmation by the indemnitee of his good faith
belief that the standard of conduct necessary for indemnification by the
Corporation has been met. In (i) any suit brought by the indemnitee to enforce a
right to indemnification hereunder (but not in a suit brought by the indemnitee
to enforce a right to an advancement of expenses) it shall be a defense that,
and (ii) any suit by the Corporation to recover an advancement of expenses
pursuant to the terms of an undertaking the Corporation shall be entitled to
recover such expenses upon a final adjudication that, the indemnitee has not met
the applicable standard for indemnification set forth in the MGCL. Neither the
failure of the Corporation (including its Board of Directors, independent legal
counsel, or its stockholders) to have made a determination prior to the
commencement of such suit that indemnification of the indemnitee is proper in
the circumstances because the indemnitee has met the applicable standard of
conduct set forth in the MGCL, nor an actual determination by the Corporation
(including its Board of Directors, independent legal counsel, or its
stockholders) that the indemnitee has not met such applicable standard of
conduct, shall create a presumption that the indemnitee has not met the
applicable standard of conduct or, in the case of such a suit brought by the
indemnitee, be a defense to such suit. In any suit brought by the indemnitee to
enforce a right to indemnification or to an advancement of expenses hereunder,
or by the Corporation to recover an advancement of expenses pursuant to the
terms of an undertaking, the burden of proving that the indemnitee is not
entitled to be indemnified, or to such advancement of expenses, under this
Article 11 or otherwise shall be on the Corporation.

C. Non-Exclusivity. The rights to indemnification and to the
advancement of expenses conferred in this Article 12 shall not be exclusive of
any other right which any Person may have or hereafter acquire under any
statute, these Articles, the Corporation's Bylaws, any agreement, any vote of
stockholders or the Board of Directors, or otherwise.

D. Insurance. The Corporation may maintain insurance, at its expense,
to protect itself and any director, officer, employee or agent of the
Corporation or another corporation, partnership, joint venture, trust or other
enterprise against any expense, liability or loss, whether or not the
Corporation would have the power to indemnify such Person against such expense,
liability or loss under the MGCL.

E. Miscellaneous. The Corporation shall not be liable for any payment
under this Article 11 in connection with a claim made by any indemnitee to the
extent such indemnitee has otherwise actually received payment under any

insurance policy, agreement, or otherwise, of the amounts otherwise
indemnifiable hereunder. The rights to indemnification and to the advancement of
expenses conferred in Sections A and B of this Article 11 shall be contract
rights and such rights shall continue as to an indemnitee who has ceased to be a
director or officer and shall inure to the benefit of the indemnitee's heirs,
executors and administrators.

Any repeal or modification of this Article 11 shall not in any way
diminish any rights to indemnification or advancement of expenses of such
director or officer or the obligations of the Corporation arising hereunder with
respect to events occurring, or claims made, while this Article 11 is in force.

ARTICLE 12. Limitation of Liability. An officer or director of the
Corporation, as such, shall not be liable to the Corporation or its stockholders
for money damages, except (A) to the extent that it is proved that the Person
actually received an improper benefit or profit in money, property or services
for the amount of the benefit or profit in money, property or services actually
received; (B) to the extent that a judgment or other final adjudication adverse
to the Person is entered in a proceeding based on a finding in the proceeding
that the Person's action, or failure to act, was the result of active and
deliberate dishonesty and was material to the cause of action adjudicated in the
proceeding; or (C) to the extent otherwise provided by the MGCL. If the MGCL is
amended to further eliminate or limit the Personal liability of officers and
directors, then the liability of officers and directors of the Corporation shall
be eliminated or limited to the fullest extent permitted by the MGCL, as so
amended.

Any repeal or modification of the foregoing paragraph by the
stockholders of the Corporation shall not adversely affect any right or
protection of a director or officer of the Corporation existing at the time of
such repeal or modification.

Item 7. Exemption From Registration Claimed.

Not applicable.

Item 8. List of Exhibits.

Regulation S-B Reference to Prior Filing or
Exhibit Number Document Exhibit No. Attached Hereto
- -------------- -------- ---------------------------

4 Form of Common Stock Certificate *

5 Opinion of Luse Gorman Pomerenk
& Schick, P.C. Attached as Exhibit 5

10 Monadnock Bancorp, Inc. 2007
Equity Incentive Plan **

23.1 Consent of Luse Gorman Pomerenk
& Schick, P.C. Contained in Exhibit 5

23.2 Consent of Shatswell, MacLeod
& Company, P.C. Attached as Exhibit 23.2

24 Power of Attorney Contained on Signature Page

- -------------------------
* Incorporated by reference to Exhibit 4 to the Registration Statement on
Form SB-2 (Commission File No. 333-132548) originally filed by the Company
under the Securities Act of 1933, with the Commission on March 17, 2006,
and all amendments or reports filed for the purpose of updating such
description.
** Incorporated by reference to Appendix A to the proxy statement for the
Company's 2007 Annual Meeting of Stockholders (Commission File No.
000-50810), filed by the Company under the Securities and Exchange Act of
1934, on March 23, 2007.

Item 9. Undertakings

The undersigned Registrant hereby undertakes:

1. To file, during any period in which offers or sales are being made,
a post-effective amendment to this Registration Statement to
include any material information with respect to the plan of
distribution not previously disclosed in this Registration
Statement or any material change to such information in this
Registration Statement;

2. That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be
deemed to be a new Registration Statement relating to the
securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering
thereof;

3. To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the
termination of the Plan;

4. That, for purposes of determining any liability under the
Securities Act of 1933, each filing of the Registrant's annual
report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 that is incorporated by reference in the
Registration Statement shall be deemed to be a new Registration
Statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof; and

5. Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in
the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by
the Registrant of expenses incurred or paid by a director, officer
or controlling person of the Registrant in the successful defense
of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities
being registered, the Registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in
the Act and will be governed by the final adjudication of such
issue.

SIGNATURES

The Registrant. Pursuant to the requirements of the Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement on Form S-8 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Peterborough, State of
New Hampshire, on this 19th day of July, 2007.

MONADNOCK BANCORP, INC.

By: /s/ William M. Pierce, Jr.
-----------------------------------
William M. Pierce, Jr., President and
Chief Executive Officer
(Duly Authorized Representative)

POWER OF ATTORNEY

We, the undersigned directors and officers of Monadnock Bancorp, Inc.
(the "Company") hereby severally constitute and appoint William M. Pierce, Jr.,
as our true and lawful attorney and agent, to do any and all things in our names
in the capacities indicated below which said William M. Pierce, Jr. may deem
necessary or advisable to enable the Company to comply with the Securities Act
of 1933, and any rules, regulations and requirements of the Securities and
Exchange Commission, in connection with the registration of shares of common
stock to be granted and shares of common stock to be issued upon the exercise of
stock options to be granted under the Monadnock Bancorp, Inc. 2007 Equity
Incentive Plan, including specifically, but not limited to, power and authority
to sign for us in our names in the capacities indicated below the registration
statement and any and all amendments (including post-effective amendments)
thereto; and we hereby approve, ratify and confirm all that said William M.
Pierce, Jr. shall do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement on Form S-8 has been signed by the following persons in
the capacities and on the date indicated.

Signatures Title Date

/s/ William M. Pierce, Jr. President and Chief Executive Officer July 19, 2007
- --------------------------- (Principal Executive
William M. Pierce, Jr. and Financial Officer)

/s/ Karl F. Betz Senior Vice President, July 19, 2007
- --------------------------- Chief Financial Officer and Treasurer
Karl F. Betz (Principal Financial and
Accounting Officer)

/s/ Kenneth A. Christian Director and Chairman July 19, 2007
- --------------------------- of the Board
Kenneth A. Christian

/s/ Samuel J. Hackler Director July 19, 2007
- --------------------------- and Vice Chairman
Samuel J. Hackler

/s/ Nancy L. Carlson Director July 19, 2007
- ---------------------------
Nancy L. Carlson

/s/ Jack Goldstein Director July 19, 2007
- ---------------------------
Jack Goldstein

/s/ Thomas C. LaFortune Director July 19, 2007
- --------------------------- and Secretary
Thomas C. LaFortune

/s/ Edward J. Shea Director July 19, 2007
- ---------------------------
Edward J. Shea

/s/ Kenneth R. Simonetta Director July 19, 2007
- --------------------------- and Assistant Secretary
Kenneth R. Simonetta

EXHIBIT INDEX

Exhibit Number Description
- -------------- -----------

4 Form of Common Stock Certificate (incorporated by
reference to Exhibit 4 to the Registration Statement
on Form SB-2 (Commission File No. 333-132548),
originally filed by the Company under the Securities
Act of 1933 with the Commission on March 17, 2006,
and all amendments or reports filed for the purpose
of updating such description).

5 Opinion of Luse Gorman Pomerenk & Schick, P.C.

10 Monadnock Bancorp, Inc. 2007 Equity Incentive Plan
(incorporated by reference to Appendix A to the proxy
statement for the Company's 2007 Annual Meeting of
Stockholders (Commission File No. 000-50810), filed
by the Company under the Securities and Exchange Act
of 1934, on March 23, 2007).

23.1 Consent of Luse Gorman Pomerenk & Schick, P.C.
(contained in the opinion included as Exhibit 5).

23.2 Consent of Shatswell, MacLeod & Company, P.C.

24 Power of Attorney (contained in the signature page to
this Registration Statement).