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)
October 23, 1996
TF FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-24168 55-0720401
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
3 Penns Trail, Newtown, Pennsylvania 18940
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 579-4000
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Not Applicable
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(Former name or former address, if changed since last Report)
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TF FINANCIAL CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
On October 23, 1996, the Registrant announced that it had received the
necessary regulatory and Board approval to initiate a repurchase of 5% or
214,869 shares of its outstanding common stock in the open market pursuant to a
stock repurchase program. The repurchases will be made from time to time over
the next 12 months, subject to the availability of stock.
For further details, reference is made to the Press Release dated October
23, 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 October 23, 1996.
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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: October 25, 1996 By: /s/ John R. Stranford
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John R. Stranford
President and Chief
Executive Officer
EXHIBIT 99
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NEWS RELEASE
TF FINANCIAL CORPORATION
3 Penns Trail
Newtown, Pennsylvania 18940
For verification, contact: John R. Stranford, President and CEO
Bill Niemczura, Senior Vice President
and Chief Financial Officer
Phone: (215) 579-4000
Fax: (215) 579-4748
For immediate release October 23, 1996
Newtown, Pennsylvania, October 23, 1996 - - TF Financial Corporation
(NASDAQ: THRD), the holding company for Third Federal Savings Bank ("Third
Federal"), announces stock repurchase.
TF Financial Corporation announced today that it has received the
necessary regulatory and Board approval to initiate a repurchase program
covering up to 5% or 214,869 shares of the Company's common stock to be
purchased in the open market. The company currently has 4,297,386 outstanding
shares of common stock. President Stranford indicated that the repurchase
program could mitigate some of the potentially dilutive effects of the
Corporation's Stock Option Plan and would also be available for general
corporate use. The repurchases will be made from time to time over the next
twelve months in open-market transactions, subject to the availability of stock.
TF Financial Corporation is the holding company for Third Federal Savings
Bank, which presently operates 11 full service offices in Philadelphia and Bucks
Counties, Pennsylvania and 3 full service offices in Mercer County, New Jersey.
The Bank has $476.4 million in deposits as of the close of business on September
30, 1996. Deposit accounts are insured up to $100,000 by the FDIC. The
Corporation's stock is traded under the symbol "THRD" on the NASDAQ National
Market and is listed in most daily newspapers as TF Fincl.
