EXHIBIT 99

                       PRESS RELEASE DATED AUGUST 4, 2004




Contact: Bill Pierce                                      Contact: Brian Roberts
Monadnock Community Bank                                  Fitchburg Savings Bank
Phone 603-924-9654                                        Phone 978-345-1061
Fax 603-924-9379                                          Fax 978-343-2166



August 4, 2004



PRESS RELEASE
FOR IMMEDIATE RELEASE


                       MONADNOCK COMMUNITY BANK TO ACQUIRE
               WINCHENDON BRANCH OFFICE OF FITCHBURG SAVINGS BANK


        (Fitchburg, MA and Peterborough, NH) ---- Fitchburg Savings Bank's CEO,
Brian Roberts and Monadnock Community Bank's President & CEO, William Pierce,
announced today that Monadnock Community Bank will purchase the Fitchburg
Savings Bank's Winchendon Branch and assume the deposits of that office. The
sale is expected to be completed in approximately two months, pending bank
regulatory approval.

        According to Roberts, the sale will allow Fitchburg Savings to more
effectively focus its marketing and business development efforts on the
communities of Fitchburg, Leominster, Harvard and Townsend. "We wanted to find a
purchaser that would continue our commitment to the Winchendon community and the
branch staff. Monadnock Community Bank fits that criteria and shares our
philosophy of delivering exceptional service to our customers and the
community," said Roberts.

        Monadnock President Pierce said that the purchase represents a new
chapter in the Bank's history. "Being able to purchase an existing branch
operation will help anchor our growing presence along the Route 202 corridor
between Winchendon and Peterborough. A



number of regional and national retailers have established a presence on Route
202 in Rindge in recent years and we believe that the area is poised for growth
in the years ahead."

        Monadnock Community Bank is a subsidiary of Monadnock Community Bancorp,
(OTC BB:MNCK) and as of June 30, 2004 had total assets of approximately $54
million, deposits of $34 million and equity of $5 Million. The Bank recently
converted to a stock savings bank with the concurrent formation of Monadnock
Community Bancorp, Inc. as the stock holding company of the Bank and formation
of Monadnock Mutual Holding Company as a mutual holding company.

THIS NEWS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS ABOUT THE PROPOSED
BRANCH PURCHASE BY MONADNOCK COMMUNITY BANCORP, INC. THESE INCLUDE STATEMENTS
REGARDING THE PROPOSED PURCHASE AND THE ANTICIPATED CONSUMMATION DATE OF THE
TRANSACTION.

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.