TF FINANCIAL SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Believe the Sale of TF Financial to National Penn May be Unfair to Shareholders

DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of TF Financial Corporation (“TF Financial”) (NASDAQ GS: THRD) concerning the sale of TF Financial to National Penn Bancshares, Inc. Under the terms of the transaction, which is valued at approximately $138 million, TF Financial shareholders can elect to receive $42.00 in cash or 4.22 shares of National Penn for each share of THRD common stock owned.

TF Financial shares closed at $31.84 per share the day before the merger announcement. Further, in the past 52 weeks, TF Financial shares have gained in value over 27%. “Based on these and other factors, we are investigating whether the current buyout is fair to THRD shareholders and whether the price offered is enough to compensate shareholders for the true inherent value of their stock. Our investigation also centers on whether TF Financial’s Board of Directors employed an adequate process to review and act on the proposed transaction,” said shareholder rights attorney Patrick Powers.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, [phone], or via email at [e-mail], or Patrick Powers at Powers Taylor LLP, toll free [phone], via e-mail at [e-mail]. There is no cost or fee to you.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.