NEW ENGLAND COMMUNITY BANCORP INC
10-C, 1996-07-18
STATE COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                    FORM 10-C


                 REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                          INTERDEALER QUOTATION SYSTEM
                  FILED PURSUANT TO SECTION 13 OR 15(D) OF THE
                 SECURITIES EXCHANGE ACT OF 1934 AND RULE 13A-17
                              OR 15D-17 THEREUNDER


                       NEW ENGLAND COMMUNITY BANCORP, INC.
                       -----------------------------------
                 (Exact Name of Issuer as Specified in Charter)

                    P.O. Box 130, Windsor, Connecticut 06095
                    ----------------------------------------
                    (Address of Principal Executive Offices)

Issuer's telephone number, including area code:  (860) 688-5251
                                                 -------------------------------
                    I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of five percent or more in the number
of shares outstanding:

1.    Title of security:  Common Stock
                          ------------------------------------------------------
2.    Number of shares outstanding before the change:  3,084,309
                                                       -------------------------
3.    Number of shares outstanding after the change:  3,633,166
                                                      --------------------------
4.    Effective date of change:  July 11, 1996
                                 -----------------------------------------------
5.    Method of change:  Reorganization
                         -------------------------------------------------------

Give brief description of transaction:  Issuance of stock pursuant to a Plan and
                                        ----------------------------------------
Agreement  of  Reorganization  dated  December  19,  1995  ("the  Reorganization
- --------------------------------------------------------------------------------
Agreement").  Pursuant to the  Reorganization  Agreement,  New England Community
- --------------------------------------------------------------------------------
Bancorp,  Inc.  ("NECB")  acquired all of the  outstanding  shares of Manchester
- --------------------------------------------------------------------------------
State  Bank   ("MSB")  Common   Stock  through  the  issuance of 5.493 shares of
- --------------------------------------------------------------------------------
NECB's  Common Stock and $35.20 in cash in exchange for each share of MSB Common
- --------------------------------------------------------------------------------
Stock.  Pursuant to the  Reorganization  Agreement,  MSB's  operations have been
- --------------------------------------------------------------------------------
merged with and into NECB's  wholly-owned  subsidiary,  New England Bank & Trust
- --------------------------------------------------------------------------------
Company.
- --------

                          II. CHANGE IN NAME OF ISSUER

1.    Name prior to change:
                            ----------------------------------------------------
2.    Name after change:
                        --------------------------------------------------------
3.    Effective date of charter amendment changing name:
                                                        ------------------------
4.    Date of shareholder approval of change, if required:
                                                          ----------------------
Date: July 16, 1996               /S/ Anson C. Hall
      -------------               ----------------------------------------------
                                  Anson C. Hall
                                  Treasurer, New England Community Bancorp, Inc.


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