Exhibit 99.1 Aaron Palash Spencer Hoffman (212) 355-4449 ext. 8603 (212) 355-4449 ext. 8928 occ-jfwbk@joelefrank.com occ-jfwbk@joelefrank.com AT THE COMPANY: FOR IMMEDIATE RELEASE Net Sales Increases 12.4% and Gross Profit Increases 68.6% in Fourth Quarter 2024 Fourth Quarter 2024 Financial Results Gross profit increased 68.6% to $6.5 million in the fourth quarter of fiscal year 2024, compared to $3.9 million for the same period in fiscal year 2023, as a result of production efficiencies created by increase ...

Bank of America, Corp. (BAC) received a cease-and-desist order on Monday from the Office of the Comptroller of the Currency (“OCC”), addressing the deficiencies under the Bank Secrecy Act (BSA) and sanctions compliance programs.Details of the Order Against BACThe BSA governs how financial firms must monitor transactions and be aware of their customers’ identities to prevent financial crimes. The act further requires that firms actively flag activities, such as wire transfers, if they seem suspicious or are ...

Optical Cable Corporation (NASDAQ:OCC) Q4 2024 Earnings Conference Call December 23, 2024 10:30 AM ET Company Participants Spencer Hoffman - Director, Joele Frank, Wilkinson Brimmer Katcher Neil Wilkin - Chairman, President and Chief Executive Officer Tracy Smith - Senior Vice President and Chief Financial Officer Operator Good morning. My name is Shelby and I will be your conference operator today. At this time, I would like to welcome you to Optical Cable Corporation's Fourth Quarter and Fiscal Year 2024 ...

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-27022 ________________________________________________ OPTICAL CABLE CORPORATION (Exact name of the registrant as specified in its charter) Virginia 54-1237042 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None _________________ ...

Net Sales Increases 12.4% and Gross Profit Increases 68.6% in Fourth Quarter 2024 ROANOKE, Va., Dec. 23, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its fourth quarter and fiscal year 2024 ended October 31, 2024. Fourth Quarter 2024 Financial Results Consolidated net sales for the fourth quarter of fiscal year 2024 increased 12.4% to $19.5 million, compared to $17.3 million for the same period in the prior year. OCC experien ...

ROANOKE, Va., Dec. 20, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") today announced that it will release its fourth quarter and fiscal year 2024 results on Monday, December 23, 2024. The fourth quarter and full year results are for the three-month and twelve-month periods ended October 31, 2024. The Company will also host a conference call on Monday, December 23, 2024, at 10:30 a.m. Eastern Time. Individuals wishing to participate in the conference call should call (800) 445-7795 ...

DUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank (“Bank”), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. (“Company”) received termination notice of the Consent Order by the Office of the Comptroller of the Currency (“OCC”), the Bank’s primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / A ...

About this content About Susanna Nelson Susanna is a journalist and editor with nearly two decades of experience writing about a broad range of topics including infrastructure, health, building and construction, economics and the arts. She has a natural curiosity, which helps when she's interviewing business leaders, politicians, film and television personalities, medical experts and Australians of the Year. She edits widely, across magazines, commentary, corporate regulatory publications and fiction.   ...

Citigroup Inc. (C) continues to struggle with fixing its regulatory problems. United States Senator, Elizabeth Warren, urged the Office of the Comptroller of the Currency ("OCC") to impose growth limitations on the company. This was first reported by Reuters on Thursday. Citigroup's continued problems with data, controls and management are evidence of the fact that the bank has become "too big to manage," and therefore, it should be subjected to constraints, argued Senator Warren in a letter to Acting Compt ...

Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. 12) that it has signed a formal agreement with the bank to rectify deficiencies in its anti-money laundering (AML) and financial crimes risk management practices. "The Formal Agreement identifies deficiencies relating to the bank's financial crimes risk management practices and anti-money laundering internal controls in several areas including suspicious activity and currency t ...