Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Fr. Anthony W. Zepp, a Director on the Board for TFS Financial Corporation (the "Company"), has notified the Company of his retirement from the Board effective January 1, 2009 and therefore will not be standing for re-election at the 2009 annual meeting of shareholders.

Fr. Zepp, age 77, has served as a member of the Board for TFS Financial Corporation or Third Federal Savings and Loan Association of Cleveland since 1983.

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