Home Minneapolis Press Releases 2009 Cambridge Man Arrested for North Branch Bank Robbery
Info
This is archived material from the Federal Bureau of Investigation (FBI) website. It may contain outdated information and links may no longer function.

Cambridge Man Arrested for North Branch Bank Robbery

FBI Minneapolis October 07, 2009
  • Chief Division Counsel Kyle A. Loven (763) 569-8540

Ralph S. Boelter, Special Agent in Charge of the Minneapolis FBI office, today, announced the federal arrest of Rick Stevan Wallat, age 58, of Cambridge, Minnesota. On Monday, October 5, 2009, at approximately 11:30 a.m., the People’s National Bank, located at 5481 St. Croix Trail, North Branch, Minnesota, was robbed by a lone individual who approached an on-duty teller and presented her with a note demanding cash. When he received an undisclosed amount of money from the teller, the robber placed the cash in a black tote bag and made a getaway in a mid-size, light green sedan. A description of the robber and a getaway vehicle were transmitted via police dispatch. Shortly after the description aired, responding Chisago Police Department officers located the vehicle and made a traffic stop of it on Tanger Road near Interstate 35W. The driver, later identified as Wallat, was taken into custody without incident. A subsequent search of the vehicle yielded a black tote bag, a note demanding cash, and clothing matching that of the robber. 

On Wednesday, October 7, 2009, a federal criminal complaint was filed in United States District Court, District of Minnesota, St. Paul, Minnesota, charging Rick Stevan Wallat with one count of bank robbery for the alleged October 5, 2009, robbery of the People’s National Bank, located at 5481 St. Croix Trail, North Branch, Minnesota. Also on Wednesday, Wallat made his Initial Appearance in United States District Court and was released pending further court proceedings.

This investigation is a joint effort by the Chisago Police Department and the FBI. The United States Attorney’s Office, District of Minnesota is prosecuting this case.

The charges in a federal criminal complaint are merely an accusation and defendants are presumed innocent until they are proven guilty.