'Loan Ranger' strikes again!

Thursday, July 12, 2012 - 11:10am

The man known as the 'Loan Ranger' has robbed yet another bank in Texas.

According to Salado Police Chief Jack Hensley, the bandit knocked off the First State Bank in Central Texas on Monday at around 10:40 a.m. They say he used a handgun and did not wear a mask. Witnesses say he wore a navy blue sports shirt and white shoes. After the robbery, the gunman left First State on foot. This is believed to be his sixth bank robbery in the past three years.

The man is accused of robbing Summit Bank on the 1100 block of Highway 35 North in Benton, Arkansas, on January 16, 2009 and again on June 30, 2011. He then came to Tyler, Texas and robbed the Altra Federal Credit Union located in the 5500 block of Troup Highway on August 11, 2011. He's also responsible for robbing the Compass Bank on the 6900 block of S. Broadway on May 17, 2012. And, most recently, he held up First State Bank at 50 South Main Street in Salado, Texas on July 9, 2012. He is also believed to have recently robbed a credit union in Temple, Texas.

Authorities are still waiting on surveillance video from the bank heist in Salado. Law enforcement in all three cities, along with the FBI, are coordinating their efforts to catch the 'Loan Ranger.'

The robber received his nickname from the Texas Rangers ball cap he wore during one stickup, along with the institutions he has targeted.


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