Police are continuing their hunt today for a bank robber who claimed to be armed and stole a 'substantial' amount of cash from an Exeter city centre bank.
The manhunt has been launched to trace a suspect wanted in connection with the robbery of NatWest on Exeter High Street yesterday afternoon.
The man entered the NatWest branch in High Street and demanded money, before leaving with a quantity of cash in a carrier bag, police said.
Officers said the man walked into the branch and demanded cash after telling the male cashier he was armed although no weapon was seen.
Police have today confirmed that an arrest was made inside a Ladbrokes store on Fore Street, Exeter shortly after the robbery however the 50-year-old man from Cornwall has since been released and ruled out of investigations.
The suspect, who is still on the run, is described as white, clean-shaven, of medium build and in his late 40s. He had medium-length dark hair.
Police said he was wearing khaki trousers and white trainers, and possibly a blue fleece.
It is understood that the cashier was unharmed - but shaken by the ordeal.
In a statement, a spokesman for Devon and Corwnall Police said: "We are appealing for witnesses to a bank robbery in Exeter city centre on Monday 24 March.
"Officers were called at 1.10pm after a man entered NatWest Bank on the High Street and demanded money from a cashier.
"He claimed he was armed, although no weapon was seen, and he left the bank with a substantial amount of cash in a Sainsbury's carrier bag."
A number of police units, including dog handlers, were despatched to search for the suspect.
Detective Inspector Kevin Till, Exeter CID, added: “We are following up a number of lines of enquiry and urge anyone with information about the robbery to come forward.”
Anyone who witnessed the incident, or has any information that could assist with the investigation, is asked to call police on 101 quoting DE/14/2844, or alternatively call Crimestoppers anonymously on 0800 555 111.