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)


<PAGE>

<TABLE>
<CAPTION>


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

<S>                             <C>                   <C>                    <C>                       <C>
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).
</TABLE>

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

     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.


<PAGE>


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.

                                       1
<PAGE>
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

                                       2
<PAGE>

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.

                                       3
<PAGE>
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.

                                       4

<PAGE>



                                   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.

<TABLE>
<CAPTION>

<S>                                         <C>                                         <C>
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
</TABLE>

                                       5
<PAGE>
<TABLE>
<CAPTION>



<S>                                         <C>                                         <C>

/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

</TABLE>

                                       6
<PAGE>


                                  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).

                                       7
[{"type": "S-8", "sequence": "1", "filename": "forms8_2007eip-071907.txt", "secsgml_size_bytes": 26397}]
{"company-data": {"conformed-name": "MONADNOCK BANCORP INC", "cik": "0001283899", "assigned-sic": "6035", "irs-number": "204649880", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-144743", "film-number": "07991440"}, "business-address": {"street1": "ONE JAFFREY ROAD", "city": "PETERBOROUGH", "state": "NH", "zip": "03458", "phone": "6039249654"}, "mail-address": {"street1": "ONE JAFFREY ROAD", "city": "PETERBOROUGH", "state": "NH", "zip": "03458"}, "former-company": {"former-conformed-name": "MONADNOCK COMMUNITY BANCORP INC", "date-changed": "20040317"}}
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.

                                       1
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

                                       2
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.

                                       3
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.

                                       4
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
5
/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
6
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).

                                       7