SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20552


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                                  June 22, 2005
             ------------------------------------------------------
                Date of Report (Date of earliest event reported)



                            TF Financial Corporation
             ------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


           Delaware                0- 24168                     74-2705050   
----------------------------       ----------                 -------------
(State or other jurisdiction       (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  
                                                      --------------  

                                 Not Applicable
          -------------------------------------------------------------
          (Former name or former address, if changed since last Report)


         Check the  appropriate  box below if the Form 8-K filing is intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

     |_|  Written communications pursuant to Rule 425 under the Securities Act
     |_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     |_|  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
          Exchange Act
     |_|  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
          Exchange Act



                            TF FINANCIAL CORPORATION

                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------


                Section 1 - Registrant's Business and Operations

Item 1.01 Entry into a Material Definitive Agreement
          ------------------------------------------

         The Registrant has previously entered into an employment agreement with
John R. Stranford dated June 30, 2003, pursuant to which Mr. Stranford continued
to  serve  as a  Senior  Advisor  to the  President  and the  Chairman  upon Mr.
Stranford's retirement from his position as the Registrant's president and chief
executive officer.

         Such  agreement  had a term  that  expired  as of April 30,  2005.  The
Registrant's  Board of Directors  approved an extension of such  agreement for a
term of up to an additional three years. Mr. Stranford  entered into the amended
and  restated  agreement  on June 22,  2005,  however,  the  extension  was made
effective as of April 30, 2005. A copy of the  agreement is furnished  with this
Form 8-K as exhibit 10.


                  Section 9 - Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.
           ---------------------------------

         (c)Exhibits:

                  Exhibit 10 - Employment Agreement with John R. Stranford



                                   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: June 24, 2005        By:      /s/Dennis R. Stewart
                                    --------------------------------------------
                                    Dennis R. Stewart
                                    Executive Vice President and Chief Financial
                                    Officer