EXHIBIT 5






(202) 274-2000

April 23, 2004

The Board of Directors
Monadnock Community Bancorp, Inc.
One Jaffrey Road
Peterborough, New Hampshire  03458


       RE:    MONADNOCK COMMUNITY BANCORP, INC.
              COMMON STOCK PAR VALUE $0.01 PER SHARE
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Ladies and Gentlemen:

       You have requested the opinion of this firm as to certain matters in
connection with the offer and sale (the "Offering") of Monadnock Community
Bancorp, Inc. (the "Company") Common Stock, par value $0.01 per share ("Common
Stock"). We have reviewed the Company's Charter, Registration Statement on Form
SB-2 (the "Form SB-2"), as well as applicable statutes and regulations governing
the Company and the offer and sale of the Common Stock.

       We are of the opinion that upon the declaration of effectiveness of the
Form SB-2, the Common Stock, when sold pursuant to the Company's prospectus and
the Monadnock Community Bank Plan of Mutual Holding Company Reorganization and
Stock Issuance, will be duly authorized, legally issued, fully paid and
non-assessable in accordance with the laws of the United States of America.

       This Opinion has been prepared for the use of the Company in connection
with the Form SB-2. We hereby consent to our firm being referenced under the
caption "Legal and Tax Opinions," and for inclusion as an exhibit to the
Registration Statement on Form SB-2.

                                          Very truly yours,



                                          /s/ LUSE GORMAN POMERENK & SCHICK

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                                          LUSE GORMAN POMERENK & SCHICK
                                           A PROFESSIONAL CORPORATION