8-K

UNITED STATES
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) October 31, 2008

TF Financial Corporation
(Exact name of registrant as specified in its charter)

DE	0-24168	74-2705050
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3 Penns Trail Newtown, Pennsylvania	18940
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code:   (215) 579-4000

________________________________________________________________________________
(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 (17 CFR 230.425)
	[   ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	[   ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	[   ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On October 31, 2008 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

    Exhibit 99.1.       Press release dated October 31, 2008

SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TF Financial Corporation (Registrant)
October 31, 2008 (Date)	/s/   DENNIS R. STEWART Dennis R. Stewart Executive Vice President

Exhibit Index
99.1	Press release dated October 31, 2008

EX-99.1

EXHIBIT 99.1

TF Financial Corporation Announces Completion of Block Stock Repurchase

NEWTOWN, Pa., Oct. 31, 2008 (GLOBE NEWSWIRE) -- TF Financial Corporation (Nasdaq:THRD) today announced that it completed the repurchase of 120,000 shares of its common stock in a single, privately negotiated, transaction for a purchase price of $18.80 per share, or approximately $2.256 million. These shares were repurchased outside, and exclusive, of the Company's previously adopted stock repurchase plan announced in October 2007. As a result of this repurchase, the Company currently has approximately 2,670,700 shares of common stock issued and outstanding and an additional 120,000 shares available for repurchase under the previously announced stock repurchase program.

Any further stock repurchases by the Company will be made in accordance with the previously adopted plan and would be made, if at all, from time to time in open-market and/or privately negotiated transactions, subject to the availability of stock, market conditions, the trading price of the stock and the Company's financial performance and condition. Such repurchased shares will become treasury shares and will be utilized for general corporate and other purposes, including the issuances of shares to the Company's stock benefit plans to mitigate the potentially dilutive effects of such plans. The ongoing repurchase program is expected to be completed with the next 12 months, at which time the Company may terminate or continue the program.

TF Financial Corporation is a holding company whose principal subsidiary is Third Federal Bank, which operates 14 full service retail and commercial banking offices in Philadelphia and Bucks County, Pennsylvania and in Mercer County, New Jersey. In addition, the Bank's website can be found at www.thirdfedbank.com.

Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by TF Financial Corporation with the Securities and Exchange Commission from time to time. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

CONTACT:  TF Financial Corporation
          Dennis R. Stewart, CFO
          (215) 579-4000