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)
December 8, 1999
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)
<PAGE>
TF FINANCIAL CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
------------------------------------
Item 5. Other Events
- ---------------------
On December 8, 1999, the Registrant announced that it had completed the
repurchase of 195,620 shares totaling approximately 6.4% of its outstanding
common stock in the open market pursuant to a previously announced stock
repurchase program and in a privately negotiated unsolicited block transaction.
The Registrant currently has 2,852,274 shares of common stock outstanding.
For further details, reference is made to the Press Release dated
December 8, 1999, 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 December 8, 1999.
- ----------
<PAGE>
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
\s\John R. Stranford
By: --------------------------------
Date: December 8, 1999 John R. Stranford
---------------- President and Chief
Executive Officer
EXHIBIT 99
<PAGE>
NEWS RELEASE
TF FINANCIAL CORPORATION
3 Penns Trail
Newtown, Pennsylvania 18940
For verification contact: Mr. John R. Stranford, President and CEO
Mr. Dennis R. Stewart, Senior Vice President and CFO
Phone: (215) 579-4000
Fax: (215) 579-4748
For Immediate Release on December 8, 1999
- --------------------------------------------------------------------------------
Newtown, Pennsylvania, December 8, 1999 - - TF Financial Corporation
(NASDAQ: THRD), the holding company for Third Federal Savings Bank, today
announced the completion of the repurchase of 195,620 shares of the Company's
common stock. This repurchase represents approximately 6.4 percent of the
outstanding shares prior to the commencement of the latest repurchase program of
the company and reduces the total number of the company's outstanding shares to
2,852,274 shares.
John R. Stranford, President of TF Financial Corporation, said that the
repurchased shares will be retained as treasury stock. President Stranford noted
that the company repurchased 132,000 shares of its common stock today in a
single unsolicited block transaction, and the balance was purchased from time to
time by the company in the open market.
Third Federal Savings Bank is headquartered in Newtown, Pennsylvania
and operates through its main office and fourteen retail office locations
throughout Northeast Philadelphia, Lower Bucks County and Mercer County, New
Jersey. Deposits at Third Federal are insured up to the legal maximum amount by
the Federal Deposit Insurance Corporation (FDIC). The Company's Stock is traded
under the symbol "THRD" on the NASDAQ Stock Market.
