PHILADELPHIA, Jan. 4 /PRNewswire-USNewswire/ -- A client of the law firms of Gorby, Peters & Associates, P.C. and Berger & Montague, P.C. has filed a class action in the U.S. District Court for the Northern District of Georgia, Atlanta Division on behalf of all purchasers of Haven Trust Bancorp, Inc. ("Haven Trust" or the "Company") securities between December 31, 2006 and December 12, 2008, inclusive (the "Class Period").  Defendants are R.C. Patel, Mukesh C. Patel, Brig M. Kapool, Mukund R. Patel, Narenda D. Patel and Dhiru G. Patel, former directors of Haven Trust.

Investors who purchased securities during the Class Period may move the Court to appoint them as lead plaintiff, no later than March 5, 2010.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Investors in Haven Trust who wish to discuss this action or the lead plaintiff selection process may contact Berger & Montague, P.C., toll free at 1-800-424-6690, or by e-mail at  investorprotect@bm.net.

Haven Trust was a bank holding company that owned and operated Haven Trust Bank located in Duluth, Georgia. The complaint alleges that former directors of Haven Trust violated the federal securities laws and Georgia state law by omitting to disclose to investors that its banking subsidiary engaged in certain improper banking practices which were identified by bank examiners prior to and during the Class Period.  Due to significant deterioration of the bank's condition, among other things, the banking subsidiary, Haven Trust Bank, sought receivership with the FDIC on December 12, 2009 and the holding
company, Haven Trust, filed for bankruptcy protection on February 23, 2009, damaging investors.