SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                FORM 8-K/A NO. 2

                                 CURRENT REPORT

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



                Date of Report (Date of earliest event reported)
                               September 20, 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 7.  Financial Statements and Exhibits.
- -------------------------------------------

(a)      Financial statements of businesses acquired.
         --------------------------------------------

         The audited statement of assets acquired and liabilities  assumed,  and
related  notes  thereto,  is  incorporated  herein by  reference to Exhibit 99.2
hereto.  Statements of income and cash flows are not available to the Registrant
without  unreasonable  effort and expense and, pursuant to SEC Rule 12b-21,  are
not included herein. Further, due to the insufficient continuity of the acquired
branches'  operations prior to and after the acquisition,  including the lending
and  investment  activities of the acquired  branches,  statements of income and
cash flows are not relevant and are not applicable.  Management's Discussion and
Analysis of Financial  Condition  and Results of Operations as of June 30, 1996,
is also incorporated herein by reference to Exhibit 99.2 hereto.

(b)      Pro forma financial information.
         --------------------------------

         An unaudited pro forma combined  condensed balance sheet as of June 30,
1996,  and unaudited pro forma combined  condensed  statements of income for the
six months ended June 30, 1996, and for the fiscal year ended December 31, 1995,
are incorporated  herein by reference to Exhibit 99.3 hereto.  The unaudited pro
forma combined  condensed balance sheet reflects the historical balance sheet of
the  Registrant  as of June 30, 1996,  and the assets  acquired and  liabilities
assumed as of September 20, 1996,  after giving effect to the  acquisition  on a
purchase  accounting basis as if it had occurred on June 30, 1996. The unaudited
pro forma  combined  condensed  statements  of  income  reflect  the  historical
statements  of income of the  Registrant  and the results of  operations  of the
assets acquired and the liabilities  assumed (based on the assumptions set forth
in the notes  thereto),  after giving  effect to the  acquisition  on a purchase
accounting  basis  as if it had  occurred  at  the  beginning  of the  reporting
periods.

         The pro forma  financial  information  is  provided  for  informational
purposes only. The pro forma financial  information presented is not necessarily
indicative of actual  results that would have been achieved had the  acquisition
been consummated on June 30, 1996, or at the beginning of the periods presented,
and is not indicative of future  results.  The pro forma  financial  information
should be read in  conjunction  with the audited  financial  statements  and the
notes thereto of the Registrant  included in the  Registrant's  Annual Report on
Form 10-K for the fiscal year ended December 31, 1995, and the unaudited interim
financial  statements  and the notes thereto of the  Registrant  included in the
Registrant's Quarterly Reports on Form 10-Q for the first and second quarters of
1996, each of which has been previously filed with the Commission. Management of
the Registrant believes that such unaudited quarterly financial information






includes all adjustments (which consist solely of recurring  accruals) necessary
for a fair  presentation  of such  results  for  such  interim  period.  Results
presented for the interim period are not necessarily  indicative of results that
may be expected for any other interim period of for the full year.

(c)      Exhibits.
         ---------

         2.1 -  Agreement  dated  June 7,  1996,  between  the Bank and  Cenlar,
relating to Cenlar  branches.  (Incorporated by reference to Exhibit 99.1 to the
Registrant's Current Report on Form 8-K dated June 7, 1996).

         23       -  Consent of Grant Thornton LLP.

         99.1 - Press Release  dated June 7, 1996,  of TF Financial  Corporation
(Incorporated by reference to Exhibit 99.2 to the Registrant's Current Report in
Form 8-K, dated June 7, 1996).

         99.2 -  Statement  of Assets  Acquired  and  Liabilities  Assumed as of
September  20, 1996,  related notes  thereto,  report of  independent  certified
public  accountants  thereon,  and  Management's   Discussion  and  Analysis  of
Financial Condition and Results of Operations.

         99.3     -  Pro Forma Financial Information.

         99.4  -  Press  Release  dated  September  23,  1996,  of TF  Financial
Corporation announcing consummation of Cenlar branch acquisition.  (Incorporated
by reference to Exhibit 99.4 to the Registrant's  Amendment No. 1 to the Current
Report on Form 8-K, dated September 20, 1996).







                                  EXHIBIT INDEX

Exhibit Number                        Description                     
- --------------                        -----------                     
    2.1             Agreement  dated  June 7, 1996  between  the
                    Bank and Cenlar  relating to Cenlar branches
                    (Incorporated   by  reference  99.1  to  the
                    Registrant's  Current  Report  on  Form  8-K
                    dated June 7, 1996).

    23              Consent of Grant Thornton LLP.

    99.1            Press   Release   dated  June  7,  1996,  of
                    Registrant  (Incorporated  by  reference  to
                    Exhibit  99.2  to the  Registrant's  Current
                    Report on Form 8-K dated

                    June 7, 1996).

    99.2            Statement of Assets Acquired and Liabilities
                    Assumed as of September  20,  1996,  related
                    notes   thereto,   report   of   independent
                    certified public  accountants  thereon,  and
                    Management's   Discussion  and  Analysis  of
                    Financial    Condition    and   Results   of
                    Operations.

    99.3            Pro Forma Financial Information.

    99.4            Press Release dated September 23, 1996, of TF
                    Financial Corporation announcing consummation
                    of Cenlar branch acquisition (Incorporated by 
                    reference to Exhibit 99.4 to the Registrant's 
                    Amendment No. 1 to the Current Report on Form
                    8-K, dated September 20, 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:  November 19, 1996                          By: /s/ John R. Stranford
      -------------------                             ---------------------
                                                      John R. Stranford
                                                      President and Chief
                                                      Executive Officer