-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LPfN8Iw1gBAH3onZwd0SZ2SOGKctR4E8cHhNEf8CGLnwTX3Fcj169sQS0MCyFZm0
 eOhUa/sbvp1bBXbTCSVrng==

<SEC-DOCUMENT>0000943374-08-001483.txt : 20080929
<SEC-HEADER>0000943374-08-001483.hdr.sgml : 20080929
<ACCEPTANCE-DATETIME>20080929145135
ACCESSION NUMBER:		0000943374-08-001483
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080925
FILED AS OF DATE:		20080929
DATE AS OF CHANGE:		20080929

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MONADNOCK BANCORP INC
		CENTRAL INDEX KEY:			0001283899
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				204649880
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE JAFFREY ROAD
		CITY:			PETERBOROUGH
		STATE:			NH
		ZIP:			03458
		BUSINESS PHONE:		6039249654

	MAIL ADDRESS:	
		STREET 1:		ONE JAFFREY ROAD
		CITY:			PETERBOROUGH
		STATE:			NH
		ZIP:			03458

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MONADNOCK COMMUNITY BANCORP INC
		DATE OF NAME CHANGE:	20040317

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Goldstein Jack
		CENTRAL INDEX KEY:			0001295578

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50810
		FILM NUMBER:		081093814

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		617-469-9096

	MAIL ADDRESS:	
		STREET 1:		MONADNOCK COMMUNITY PLAZA
		STREET 2:		1 JAFFREY ROAD
		CITY:			PETERBOROUGH
		STATE:			NH
		ZIP:			03458
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_goldstein-092608ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-09-25</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001283899</issuerCik>
        <issuerName>MONADNOCK BANCORP INC</issuerName>
        <issuerTradingSymbol>MNKB.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001295578</rptOwnerCik>
            <rptOwnerName>Goldstein Jack</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE JAFFREY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PETERBOROUGH</rptOwnerCity>
            <rptOwnerState>NH</rptOwnerState>
            <rptOwnerZipCode>03458</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8501</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.73</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-09-25</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>700</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2009-09-25</value>
            </exerciseDate>
            <expirationDate>
                <value>2018-09-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>700</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>700</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>6.68</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2008-05-24</value>
            </exerciseDate>
            <expirationDate>
                <value>2017-05-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3000</value>
                    <footnoteId id="F4"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3000</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>6.117</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2006-12-08</value>
            </exerciseDate>
            <expirationDate>
                <value>2015-12-08</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2602</value>
                    <footnoteId id="F5"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2602</value>
                    <footnoteId id="F5"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes shares of restricted stock that vest over a nine year period, commencing on May 24, 2008, at a rate of 10% per year
 until May 24, 2015, and 20% on May 24, 2016.</footnote>
        <footnote id="F2">Includes shares of restricted stock that vest over a nine year period, commencing on December 8, 2006, at a rate of 10% per
 year until December 8, 2013, and 20% on December 8, 2014.</footnote>
        <footnote id="F3">Represents stock options that vest at a rate of 20% per year over a five year period, commencing on September 25, 2008.</footnote>
        <footnote id="F4">Represents stock options that vest over a nine year period, commencing on May 24, 2008, at the rate of 10% per year until May
 24, 2015, and 20% on May 24, 2016.</footnote>
        <footnote id="F5">Represents stock options that vest over a nine year period, commencing on December 8, 2006, at the rate of 10% per year until
 December 8, 2013, and 20% on December 8, 2014.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Richard S. Garabedian, Pursuant to Power of Attorney</signatureName>
        <signatureDate>2008-09-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----