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)
March 19, 1999
TF FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-24168 74-2705050
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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
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Item 5. Other Events
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On March 19, 1999, the Registrant announced that it had completed the
repurchase of 159,579 shares totalling approximately 5% of its outstanding
common stock in the open market pursuant to a stock repurchase program
previously announced by the Registrant. The Registrant currently has 3,041,010
shares of common stock outstanding.
The Registrant also announced it intends to initiate a repurchase of 5%
or 152,052 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 twelve months, subject to the availability of stock.
For further details, reference is made to the Press Release dated March
19, 1999, which is attached hereto as Exhibit 99 and incorporated herein by this
reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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Exhibit 99 -- Press Release dated March 19, 1999.
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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: March 19, 1999 By: /s/John R. Stranford
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John R. Stranford
President and Chief
Executive Officer
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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 March 19, 1999
TF Financial Corporation Completes Stock Repurchase Plan and Announces New Stock
Repurchase Plan.
Newtown, Pennsylvania, March 19, 1997 - - TF Financial Corporation (NASDAQ:
THRD), the holding company for Third Federal Savings Bank, today announced the
completion of the repurchase of 159,579 shares of the Company's common stock.
This repurchase represents approximately five percent of the outstanding shares
prior to the commencement of the repurchase program of the company and reduces
the total outstanding shares to 3,041,010.
John R. Stranford, President of TF Financial Corporation, said that the
Corporation intends to repurchase an additional 5% of the Corporation's common
stock. Up to 152,052 shares will be repurchased from time to time over the next
twelve months through open market transactions, subject to the availability of
stock.
President Stranford said that the repurchased shares will be retained as
treasury stock.
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. The
Company's Stock is traded under the symbol "THRD" on the NASDAQ Stock Market.
