TF FINANCIAL CORP
SC 13E4/A, 1997-11-12
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 FINAL AMENDMENT
                                       TO
                                 SCHEDULE 13E-4

                          ISSUER TENDER OFFER STATEMENT
            (PURSUANT TO SECTION 13(e)(1) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934)

                            TF FINANCIAL CORPORATION
                                (Name of Issuer)

                            TF FINANCIAL CORPORATION
                      (Name of Person(s) Filing Statement)

                     Common Stock, Par Value $0.10 per Share
                         (Title of Class of Securities)

                                   872391 10 7
                          ---------------------------
                      (CUSIP Number of Class of Securities)

                                John R. Stranford
                      President and Chief Executive Officer
                            TF Financial Corporation
                                  3 Penns Trail
                           Newtown, Pennsylvania 18940
                                 (215) 579-4000

                                 With Copies to:

                               John J. Spidi, Esq.
                             Lloyd H. Spencer, Esq.
                      Malizia, Spidi, Sloane & Fisch, P.C.
                               One Franklin Square
                               1301 K Street, N.W.
                                 Suite 700 East
                              Washington, DC 20005
                                 (202) 434-4660
                       (Name, Address and Telephone Number
           of Persons Authorized to Receive Notices and Communications
                    on Behalf of Person(s) filing Statement)

                               September 26, 1997
     (Date tender offer first published, sent or given to security holders)


<PAGE>



                            CALCULATION OF FILING FEE

================================================================================
                                                                      Amount of
Transaction Valuation*                                                Filing Fee

================================================================================

$23,400,000                                                             $4,680

================================================================================


* For purposes of calculating fee only. Based on the Offer for 900,000 shares at
the maximum tender offer price per share of $26.00.

[X]   Check box if any part of the fee is offset as provided by Rule  0-11(a)(2)
      and identify the filing with which the offsetting fee was previously paid.
      Identify the previous filing by registration statement number, or the form
      or schedule and the date of its filing.

Amount Previously Paid:  $4,680          Filing Party:  TF Financial Corporation
Form or Registration No.:Schedule 13E-4  Date Filed:  September 26, 1997

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<PAGE>



      This Final  Amendment  amends and  supplements  the  Issuer  Tender  Offer
Statement filed on September 26, 1997 (the  "Statement")  relating to the issuer
tender  offer  by  TF  Financial   Corporation,   a  Delaware  corporation  (the
"Company"),  to purchase up to 900,000  shares of common stock,  par value $0.10
per Share (the  "Shares"),  including the  associated  Preferred  Share Purchase
Rights,  at prices not  greater  than $26.00 nor less than $22.50 per Share upon
the terms and  subject  to the  conditions  set forth in the Offer to  Purchase,
dated  September 26, 1997 (the "Offer to  Purchase"),  and the related Letter of
Transmittal (which are herein collectively  referred to as the "Offer").  Unless
the context requires  otherwise,  all references  herein to Shares shall include
the  associated  Rights.  The  Offer is being  made to all  holders  of  Shares,
including officers, directors and affiliates of the Company.

     The "Modified Dutch Auction" self-tender offer which commenced on September
26, 1997, expired at 5:00 p.m., Eastern Time, October 27, 1997. Based on a final
count 901,199 shares tendered will be purchased, approximately 22% of the common
shares  outstanding,  and the price at which such  shares will be  purchased  is
$26.00 per share.  Odd lots tendered at or below the purchase price totaling 520
shares will be purchased in their entirety. The remaining 900,679 shares will be
purchased  on a 83.24  percent pro rata basis from  shareholders  who tendered a
total of  1,081,094  shares to the  Company.  All shares not  purchased  will be
returned to tendering shareholders as promptly as practicable.


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<PAGE>




                                    SIGNATURE

      After due inquiry and to the best of my  knowledge  and belief,  I certify
that the information set forth in this statement is true, complete and correct.

Dated:  November 10, 1997

                              TF FINANCIAL CORPORATION



                              By: /s/John R. Stranford
                                  ----------------------------------------------
                                  Name: John R. Stranford
                                  Title:  President and Chief Executive Officer

















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