For more information contact:                              FOR IMMEDIATE RELEASE
William M. Pierce, Jr.                               Peterborough, New Hampshire
President and Chief Executive Officer                               July 6, 2004
(603) 924-9654


                 MONADNOCK COMMUNITY BANCORP, INC. TO ADD EIGHT
                                NEW ATM LOCATIONS


        Peterborough, NH - Monadnock Community Bancorp, Inc. (OTCBB:MNCK):
William M. Pierce, Jr., President of Monadnock Community Bancorp, Inc., and its
wholly-owned subsidiary, Monadnock Community Bank, and John J. O'Toole, Jr.,
President of ISA-ECASH announced today that the Bank and ISA-ECASH have entered
into a unique co-branding agreement for eight ATM locations in the Monadnock
Region.

        "This agreement allows Monadnock Community Bank to cost-share this
network with its partner, ISA-ECASH, which acquired the machines from Granite
Bank in February. The Bank will be able to offer its customers greater
convenience at multiple locations. In addition, the Bank is a member of the SUM
Network that gives our customers access to 2,728 machines in 16 states without a
service fee at those locations, and the Bank does not add extra fees for
MasterMoney debit card transactions at participating merchants," said Pierce.
"This relationship will allow ISA-ECASH to expand its service offering to the
Bank and allow the Bank's customers additional points of service without the
Bank expending any capital resources," added Pierce.

        The Monadnock Bank/ISA machines are located in Peterborough, on Route
202 at the offices of Nieskens & Yoe, D.D.S. and Monadnock Community Hospital;
in Greenfield, on Forest Rd. at Delay's Market; in Dublin, on Route 101 at the
Dublin General Store; in Milford, on Jones Rd. and the Route 101 Bypass at
Market Basket; in Keene, on Court St. at Cheshire Medical Center; and two
locations in Swanzey, on Monadnock Highway at Wilber Brothers Market Place and
on Route 10 at Gomarlo's Food & Circus.

        ISA-ECASH, headquartered in Norwood, MA, operates and manages over 500
ATMs nationwide. ISA-ECASH has been providing complete ATM services to banks,
credit unions and merchants since 1991.

        Since its 1997 opening to the public at Peterborough's Monadnock
Community Plaza on Route 202, Monadnock Community Bank, formerly known as Awane
Bank, has continued its mission to become the Monadnock Region's Community Bank.
Monadnock Community Bank recently completed its mutual holding company
reorganization in June 2004 as part of its plan to raise capital and expand the
Bank's services to the community.

        This news release contains certain forward-looking statements.
Forward-looking statements can be identified by the fact that they do not relate
strictly to historical or current facts. They often include words like
"believe," "expect," "anticipate," "estimate" and "intend" or future or
conditional verbs such as "will," "would," "should," "could" or "may." Certain
factors that could cause actual results to differ materially from expected
results include delays in completing the offering, changes in the interest rate
environment, changes in general economic conditions, legislative and regulatory
changes that adversely affect the business of the Bank and changes in the
securities markets.