WASHINGTON - A federal court hearing to continue a freeze on the assets of four former executives charged with embezzling $19.9 million from the failed First National Bank of Keystone in West Virginia was delayed Monday while the four sought a compromise with regulators, a court spokesman said.

The hearing, in U.S. District Court for the Southern District of West Virginia in Charleston, has been rescheduled for Aug. 16. But the spokesman said a judge's ruling will be unnecessary if the defendants and the Federal Deposit Insurance Corp. can reach an agreement to let the executives keep control of some of their assets while a significant portion are held until final judgment on the case.

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