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)
                                  July 8, 1996

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

       Delaware                            0-24168         55-0720401
- ----------------------------           --------------      --------------
(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 July 8,  1996,  the  Registrant  announced  that it had  concluded  the
repurchase  of 226,000  shares  totalling  approximately  5% of its  outstanding
common stock in the open market pursuant to a stock repurchase program announced
by the Registrant on June 21, 1996.

      For further details,  reference is made to the Press Release dated July 8,
1996,  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 July 8, 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: July 17, 1996                       By: /s/ John R. Stranford
     ------------------------                 ---------------------
                                              John R. Stranford
                                              President and Chief
                                              Executive Officer