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)
                                  June 7, 1996

                            TF FINANCIAL CORPORATION
             (Exact name of Registrant as specified in its Charter)

        Delaware                   0-24168            742705050
- ----------------------------    --------------     --------------
(State or other jurisdiction    (SEC 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 June 7, 1996, TF Financial Corporation (the"Corporation"),  the holding
company for Third Federal Savings Bank ("Third  Federal"),  announced that Third
Federal had entered into a Branch Purchase and Deposit Assumption Agreement (the
"Agreement")  to acquire three branch  offices and $143 million of deposits from
Cenlar Federal Savings Bank, Trenton, New Jersey ("Cenlar").  In connection with
the  acquisition,  Third  Federal  paid Cenlar a premium of  approximately  $9.3
million.

      A copy of the Agreement  dated June 7, 1996,  and the press release issued
by the  Corporation  on June 7, 1996,  are attached  hereto as Exhibits 99.1 and
99.2, respectively, and incorporated herein by reference in their entirety.

Item 7.   Financial Statements, Pro Forma Financial

            Information and Exhibits

      (c) Exhibits:

            99.1        Branch Purchase and Deposit Assumption
                        Agreement dated June 7, 1996.

            99.2        Press Release dated June 7, 1996.



                                  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: June 11, 1996                       By:/s/John R. Stranford
                                                John R. Stranford
                                                President and Chief
                                                Executive Officer