SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20552


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                                 May 9, 2003
                ------------------------------------------------
                Date of Report (Date of earliest event reported)



                            TF Financial Corporation
             ------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


        Delaware                     0-24168                   74-2705050
- ----------------------------        ----------           -----------------------
(State or other jurisdiction        (File No.)           (IRS Employer
 of incorporation)                                        Identification Number)


3 Penns Trail, Newtown, Pennsylvania                                    18940
- ----------------------------------------                              ----------
(Address of principal executive offices)                              (Zip Code)


Registrant's telephone number, including area code:   (215) 579-4000
                                                      --------------

                                 Not Applicable
          -------------------------------------------------------------
          (Former name or former address, if changed since last Report)




                            TF FINANCIAL CORPORATION

                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------


Item 5.  Other Events
- ---------------------

     On May 9,  2003,  the  Registrant  issued a Press  Release  announcing  the
retirement of its President and Chief Executive Officer effective July 1, 2003.

     For further  details,  reference is made to the Press  Release dated May 9,
2003,  which is attached  hereto as Exhibit 99 and  incorporated  herein by this
reference.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits
- ---------------------------------------------------------------------------

         Exhibit 99 -- Press Release dated May 9, 2003.





                                   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, thereunto duly authorized.

                                          TF FINANCIAL CORPORATION



Date: May 9, 2003                         By:  /s/ Dennis R. Stewart
                                               ---------------------------------
                                               Dennis R. Stewart
                                               Senior Vice President and CFO
                                               (Duly Authorized Representative)