UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C.  20549
 
 
 FORM
8-K
 
 CURRENT
REPORT
 
 Pursuant
to Section 13 OR 15(d) of
 The
Securities Exchange Act of 1934
 
 
 Date of
Report (date of earliest event reported):December 15,
2008
 
 
 
 MARCO COMMUNITY BANCORP,
INC.
 (Exact
name of registrant as specified in its charter)
 
 
 Florida
              000-50557
              84-1620092(State
      or other jurisdiction
              Commission
      File Number
              (I.R.S.
      EmployerOf
      incorporation)
              
              Identification
      No.)1770 San Marco Road,
      Marco Island, FL
              
              34145(address
      of principal executive offices)
              
              (Zip
      Code)
 Registrant’s
telephone number:  (239)
389-5200
 
 
 N/A
 (Former
name or former address, if changed since last report.)
 
 Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instructions A.2. below):
 
 [   ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
 
 [   ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
 
 [   ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
 
 [   ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
 
 
 
 
 
 
 
 
 ITEM
5.02.     Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers.
  ITEM
8.01. Other Events
 
 At a
meeting on December 15, 2008, the Marco Community Bancorp, Inc. (“Company”)
Board of Directors appointed Thomas J. Mitchusson, CPA, age 51, to be the Chief
Financial Officer and Senior Vice President of the Company. On the same date,
the Board of the Company’s wholly-owned subsidiary, Marco Community Bank
(“Bank”) also appointed Mr. Mitchusson to be the Bank’s Chief Financial Officer
and Senior Vice President. From December 1991 until joining the Company, Mr.
Mitchusson was the Owner, Chief Executive Officer and President of Accounting
Services of SW Florida, Inc., Marco Island Florida. He also served as a director
and the Chief Financial Officer or Pioneer Bank & Trust Company, St. Louis,
Missouri, from January 1986 until December 1991.
 
 Acting
Chief Financial Officer Laura Witty is remaining with the Bank in her prior
capacity as Controller and Vice President; she will also assist with Mr.
Mitchusson’s transition into his position. Chief Credit Officer Paul Nidasio has
also taken on the additional responsibility of leading the Bank’s efforts with
respect to problem assets.
 
 The Bank
has taken additional steps to strengthen its management team by promoting Team
Leader Richard Gallahue to Senior Loan Officer. Mr. Gallahue has eight years
experience in credit analysis and administration, most recently with Bank of
Florida – Southwest and previously with Orion Bank. Also, the Bank has appointed
Don Hans to the position of General Manager, with responsibility for the Bank’s
retail operations. Mr. Hans has 25 years of banking experience, most recently
with Bank of America in Marco Island, Florida.
 
 As an
additional part of the Company’s continuing strategy to strengthen the Bank and
bolster its capital position going into 2009, the Company intends to downstream
to the Bank $1,000,000 of the proceeds from its on-going private placement of
Series C Preferred Stock. The Company continues to conduct the offering on a
first-come-first-served basis and expects to conclude it by the end of February
2009. Based on the success of this offering so far, the Company elected to not
apply to participate in the U.S. Department of the Treasury’s Troubled Assets
Relief Program’s Capital Purchase Program.
 
 Company
Chairman and Chief Executive Officer Richard Storm, Jr. stated, “Our new
officers and continuing capital raising efforts are expected to help the Company
and the Bank enter 2009 with the tools necessary to continue the process of
solidifying their operations and performance.”
 
  SIGNATURES
 
 Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
 
 Marco
      Community Bancorp, Inc.(Registrant)Date:
      December 19, 2008/s/
      Richard Storm, Jr.Richard
      Storm, Jr.Chairman
      and Chief Executive Officer