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. 5)


                            TF FINANCIAL CORPORATION
                            ------------------------
                                (Name of Issuer)

                     Common Stock $0.10 Par Value Per Share
                     --------------------------------------
                         (Title of Class of Securities)

                                   872391 10 7
                                   -----------
                                 (CUSIP Number)



                                 August 12, 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      NAME OF REPORTING PERSONS
                  I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                  John R. Stranford
--------------------------------------------------------------------------------
           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                                   153,928 Shares
     BENEFICIALLY             --------------------------------------------------
      OWNED BY                6         SHARED VOTING POWER
         EACH                                    0 Shares
      REPORTING               --------------------------------------------------
      PERSON WITH             7         SOLE DISPOSITIVE POWER
                                                 208,928 Shares
--------------------------------------------------------------------------------
                              8         SHARED DISPOSITIVE POWER
                                                 0 Shares
--------------------------------------------------------------------------------
           9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                           208,928 Shares
--------------------------------------------------------------------------------
          10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
                  CERTAIN SHARES                                        |_|
--------------------------------------------------------------------------------
          11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                             6.97%
--------------------------------------------------------------------------------
          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:
---------------------------------
         John R. Stranford

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.  Stranford's  ownership  as of
     January 31, 2005.

         (a)      Amount beneficially owned:
                  208,928  shares

         (b)      Percent of Class:
                  6.97%

         (c)      Number of shares as to which such person has:

                  (i)      Sole power to vote or to direct the vote 153,928
                           shares

                  (ii)     Shared power to vote or to direct the vote 0 shares

                  (iii)    Sole power to dispose or to direct the disposition of
                           208,928 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:
-----------------------------------------------------

         Not Applicable.

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.

Item 8.  Identification and Classification of Members of the Group:
------------------------------------------------------------------

         Not Applicable.


                                       -3-





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: January 26, 2005                   /s/ John R. Stranford
                                         ---------------------------------------
                                         John R. Stranford