SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________ SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 2) TF FINANCIAL CORPORATION ------------------------------------------------------- (Name of Issuer) Common Stock $0.10 Par Value Per Share ------------------------------------------------------- (Title of Class of Securities) 872391 10 7 ------------------------------------------------------- (CUSIP Number) March 3, 2004 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13 d - 1(b) |X| Rule 13 d - 1(c) |_| Rule 13 d - 1(d) --------------------------------- --------------------------- CUSIP No. 872391 10 7 13G Page 1 of 5 Pages --------------------------------- --------------------------- -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Carl F. Gregory -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] N/A -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 66,087 Shares BENEFICIALLY -------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH REPORTING 0 Shares PERSON WITH -------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 126,751 Shares -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 Shares -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 126,751 Shares -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.33% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- Item 1(a). Name of Issuer: ---------- --------------- TF Financial Corporation Item 1(b). Address of Issuer's Principal Executive Offices: ---------- ------------------------------------------------ 3 Penns Trail, Newtown, Pennsylvania 18940 Item 2(a). Name of Person Filing: ---------- ---------------------- Carl F. Gregory Item 2(b). Address of Principal Business Office or, if None, Residence: ---------- ----------------------------------------------------------- 3 Penns Trail, Newtown, Pennsylvania 18940 Item 2(c). Citizenship: ---------- ------------ United States Item 2(d). Title of Class of Securities: ---------- ----------------------------- Common Stock, $0.10 par value per share. Item 2(e). CUSIP Number: ---------- ------------- 872391 10 7 Item 3. ------- Not Applicable. -2- Item 4. Ownership: ------- ---------- The following information relates to Mr. Gregory's ownership as of March 3, 2004. (a) Amount beneficially owned: 126,751 shares (b) Percent of Class: 4.33% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 66,087 shares (ii) Shared power to vote or to direct the vote 0 shares (iii) Sole power to dispose or to direct the disposition of 126,751 shares (iv) Shared power to dispose or to direct the disposition of 0 shares Item 5. Ownership of Five Percent or Less of a Class: ------- --------------------------------------------- |X| Item 6. Ownership of More Than Five Percent on Behalf of Another Person: ------- ---------------------------------------------------------------- Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the ------- ---------------------------------------------------------------------- Security Being Reported on by the Parent Holding Company: --------------------------------------------------------- Not Applicable. -3- Item 8. Identification and Classification of Members of the Group: ------- ---------------------------------------------------------- Not Applicable. Item 9. Notice of Dissolution of Group: ------- ------------------------------- Not Applicable. Item 10. Certification: -------- -------------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. -4- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Date: April 21, 2004 /s/Carl F. Gregory -------------------------------- Carl F. Gregory