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)
                                 April 9, 1997





                            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 April 9, 1997,  the  Registrant  announced  that it had  completed  the
repurchase  of 214,869  shares  totalling  approximately  5% of its  outstanding
common  stock  in  the  open  market  pursuant  to a  stock  repurchase  program
previously  announced  by the  Registrant  on October 23, 1996.  The  Registrant
currently has 4,082,517 shares of common stock outstanding.

      For further details, reference is made to the Press Release dated April 9,
1997,  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 April 9, 1997.










                                   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: April 11, 1997                      By:  /s/John R. Stranford
     ------------------------                 ---------------------
                                                John R. Stranford
                                                President and Chief
                                                Executive Officer