PEABODY — A man robbed a bank in Saugus yesterday morning and then traveled down Route 1 and robbed a Peabody bank, police believe.
At 9:18 a.m., Peabody police responded to Sovereign Bank at 535 Lowell St. in West Peabody. A white, male suspect had walked into the bank and handed a teller a note demanding cash, Peabody police Capt. Dennis Bonaiuto said. The man then left the bank with an undetermined amount of money and fled the area on foot.
Details of the robbery were similar to an incident that occurred in Saugus shortly after 9 a.m. A white man walked into East Boston Savings Bank at 317 Main St., passed a note to a teller and left with an undetermined amount of money, Saugus police Lt. Ron Giorgetti said.
"We believe the two incidents are related," Giorgetti said.
Both banks are near access points to Route 1. Sovereign Bank is in the CVS/Bonkers shopping plaza.
The suspect is described as a white man in his mid-20s or 30s, according to Bonaiuto. In Peabody, he was seen wearing a black or navy sweatshirt with a white shirt underneath it. He also donned a black baseball hat, possibly a Red Sox hat, and dark sunglasses. The man was wearing black shorts and black and white sneakers.
Giorgetti declined to give a description of the suspect's attire in Saugus.
The suspect is between 5 feet 8 inches and 5 feet 10 inches tall and weighs between 180 to 200 pounds, according to Giorgetti. Saugus police believe he was driving a white Audi four-door coupe with a sunroof.
Peabody and Saugus police are cooperating in the investigation with the Federal Bureau of Investigation's Bank Robbery Task Force.
Those with information that might aid the investigation can call Peabody police at 978-538-6364 or 978-531-1212. Saugus police can be reached at 781-233-1740. The anonymous tip line is 781-231-4037.


