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Santa Barbara Police Seek Suspect in Montecito Bank Robbery

Authorities have released a photo and details regarding an alleged robbery at a Montecito Bank of America branch, where a suspect fled on a bicycle after threatening employees with what appeared to be a weapon.

Quincy Quill

August 22, 20262 min read

Bank Investigation - illustration, Jake Team LLC

Santa Barbara police officials have issued a photograph and provided new information concerning an armed robbery that occurred at a Bank of America branch in Montecito. The incident took place on Wednesday afternoon at the location situated on Coast Village Road. Law enforcement agencies are currently searching for the individual responsible and are requesting assistance from the public to identify him.

The Santa Barbara Police Department Communications Center received several emergency calls just before 3 p.m. on Wednesday, reporting that a robbery was in progress at the bank located at 1096 Coast Village Road. Responding officers and sheriff deputies arrived at the scene and initiated a thorough search for the suspect, but they were unable to locate him.

Surveillance video captured a middle-aged white male entering the financial institution. The man was wearing a black baseball cap, a dark jacket, and a black medical mask covering his face. He approached bank staff while holding an object that appeared to be a firearm and demanded cash.

Investigators later determined that the object was not a real weapon but rather a piece of metal shaped to resemble one. Bank employees stated that the masked individual left the premises with an undisclosed amount of money after the confrontation.

Witnesses reported seeing the suspect escape on a dark-colored bicycle. He was last observed traveling westbound along Coast Village Road. Police believe this event is an isolated occurrence and do not consider it a threat to general public safety.

As of Friday, the investigation remains active with no arrests made. Authorities are urging anyone with information about the suspect or the incident to contact the Santa Barbara Police Department Criminal Investigations Unit at (805) 897-2327. Individuals wishing to remain anonymous may call the tip line at (805) 897-2427.

Bank of America employs about 6,566 people in Plano, according to local government records.

Source: The Santa Barbara Independent.

Sources

https://www.independent.com/2026/08/21/police-release-suspect-photo-new-details-in-montecito-bank-of-america-robbery/

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Quincy Quill

Quincy Quill reports on local business, new openings, and economic development in Plano.

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