8-K

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): February 26, 2010

First National Community Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Pennsylvania	000-53869	23-2900790
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

102 E. Drinker St., Dunmore, PA	18512
(Address of principal executive offices)	(Zip Code)

(570) 346-7667

(Registrant’s telephone number, including area code)

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 Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

CURRENT REPORT ON FORM 8-K

Item 8.01 OTHER EVENTS

     Press release dated February 26, 2010, regarding the suspension of dividends, filed as exhibit attached.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) On February 26, 2010, the Registrant issued the attached press release.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.

	First National Community Bancorp, Inc.
	(Registrant)
Dated: February 26, 2010	/s/ William S. Lance
	William S. Lance
	Treasurer and
	Principal Financial Officer

EX-99

FOR FURTHER INFORMATION CONTACT:                                                                                     Judith M. LaCouture

  (570) 340-6144

FOR IMMEDIATE RELEASE

FNCB SUSPENDS DIVIDEND PAYMENTS TO CONSERVE CAPITAL

DUNMORE, Pa., Feb. 26 -- First National Community Bancorp, Inc. (OTC Bulletin Board: FNCB), the financial holding company of First National Community Bank, announced today that its Board of Directors has voted to suspend payment of the Company's quarterly dividend indefinitely in an effort to conserve capital.

 Emphasizing the Bank is both well-capitalized under all applicable regulatory requirements and organizationally strong, President and Chief Executive Officer J. David Lombardi noted the move reflects the conservative philosophy and measured approach that has served the institution well over its 100-year history.

"The Board recognizes the importance of preserving cash and, given the challenging economic conditions that continue to impact the health and stability of many businesses within the region we serve, believes dividends should be paid from current and anticipated earnings to prudently fund fiscal 2010 operations," Lombardi explained.  "While the suspension of our quarterly dividend is disappointing, FNCB is busy making quality loans, paying an attractive rate on each of our products and opening new offices to serve more customers in more communities throughout Northeastern Pennsylvania."

According to Lombardi, suspending the $0.02 per share dividend will save the Company approximately $1.3 million.  The Board will reevaluate the policy in the future on a quarter-by-quarter basis.

The suspension is among several initiatives in place to conserve cash reserves during the nation's protracted economic slump.  The Company recently announced it had raised more than $23 million through the sale of subordinated notes which will mature on September 1, 2019.  A substantial portion of the net proceeds of the completed sale will be used to strengthen the institution's capital position, improve liquidity, increase lending capacity and support FNCB's continuing growth objectives.

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FNCB Board Votes To Suspend Dividend

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First National Community Bank provides personal, small business and commercial banking services to individuals and businesses from 21 community offices throughout Lackawanna, Luzerne, Monroe and Wayne Counties in Northeastern Pennsylvania.  FNCB's newest office, located on Wheeler Ave. in Dunmore, opened in December 2009.  The institution was established as a National Banking Association in 1910 as The First National Bank of Dunmore, and has been operating under its current name since 1988.

In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of management or the board of directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as local economic conditions, competitive factors, and regulatory limitations.

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