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)
January 18, 2000
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 January 18, 2000, the Registrant announced that it intended to
repurchase up to 5% or 142,638 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
January 18, 2000, 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 January 18, 2000.
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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: January 19, 2000 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
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January 18, 2000 Contact: Dennis R. Stewart, CFO
FOR IMMEDIATE RELEASE (215) 579-4000
TF Financial Corporation Announces Stock Buyback Program
Newtown, Pennsylvania: TF Financial Corporation (Nasdaq National Market - THRD)
today announced that its Board of Directors has authorized a common stock
repurchase program. John R. Stranford, President and Chief Executive Officer,
said that the Corporation intends to repurchase up to 5% of the Corporation's
outstanding shares. As a result, as many as 142,638 shares of stock will be
repurchased from time to time through open market transactions during the next
twelve months, subject to the availability of stock. President Stranford also
said that the repurchased shares would be held as treasury stock.
TF Financial Corporation is a holding company whose principal subsidiary is
Third Federal Savings Bank, which operates 15 full service retail and commercial
banking offices in Philadelphia and Bucks County, Pennsylvania and in Mercer
County, New Jersey.
