FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   SWANSTROM KENNETH A 2. Date of Event Requiring Statement (Month/Day/Year) 12/16/2005 3. Issuer Name and Ticker or Trading Symbol TF FINANCIAL CORP [THRD] (Last) (First) (Middle) 3 PENNS TRAIL 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Subsidiary Director 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) NEWTOWN, PA 18940 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 2,500 (1) I By Stock Award

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options - Right to Buy	01/22/2004	01/22/2013	Common Stock	7,500 (2)	$ 25.5	D	Â
Options - Right to Buy	12/16/2006	12/16/2010	Common Stock	6,000 (3)	$ 28.48	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SWANSTROM KENNETH A 3 PENNS TRAIL NEWTOWN, PA 18940	Â	Â	Â	Subsidiary Director

Signatures

/s/Kenneth A. Swanstrom By: Dennis R. Stewart, Power of Attorney		12/16/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Price on date of award ws $28.48. Vests over three years beginning on December 16, 2006.
(2)	Options vest 20% as of January 22, 2004 and 20% annually thereafter. Date of award was January 22, 2003.
(3)	Options vest over three years beginning on December 16, 2006.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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