Update: Alleged serial bank robber caught in Arkansas - KYTX CBS 19 Tyler Longview News Weather Sports

Update: Alleged serial bank robber caught in Arkansas

Richard Swicegood Richard Swicegood

UPDATE: Bond has been set at $500,000 for the Texas man known as the 'Loan Ranger Bandit.' Richard Swicegood is behind bars after allegedly robbing at least 20 banks and financial institutions across the country since 2009.

"Usually somewhere down the road, they foul up," Tyler Police Department Public Information Officer Don Martin said.

And that's exactly what police say happened Tuesday, when Swicegood was spotted getting into a red Ford Mustang with Texas license plates -- allegedly fleeing from yet another bank robbery.

A man the FBI says is Swicegood was caught on surveillance video at Summit Bank in Benton, Arkansas, pointing a pistol at a teller and demanding cash.

But this isn't his first rodeo. He's accused of hitting that same bank twice before -- once in 2009 and again in 2011.

"He was hitting multiple cities in multiple states," Martin said.

The FBI says he's done the same thing at at least 20 other banks and financial institutions across the country, from Texas all the way to Kentucky.

He was even featured on an episode of "America's Most Wanted."

"The frustration comes in that he's doing it everywhere else, and he's not getting caught," Martin said.

Tyler police dubbed him the 'Loan Ranger Bandit' because he wore a Texas Rangers hat and targeted mostly branches that give out loans, hitting Altra Federal Credit Union back in 2011, and Compass Bank less than a year later.

"He robs a bank, he flees on foot, we can't find him right away, we have nothing to go on," Martin said. "We don't know what vehicle to look for, we're just kind of at a stalemate."

But perhaps the most unusual thing about this case is that he was so brazen that he never once tried to hide his face -- at times even looking directly into the security camera.

"It just is actually amazing with all the tools that law enforcement has, that we just weren't able to come up with a recognition on him," Martin said. "But now that he's been arrested, hopefully his bank robbing days are over with."

The FBI believes Swicegood is from Waxahachie, which is about 30 miles south of Dallas.

Police won't disclose how much money he allegedly got away with in all, but they say they're just glad that no one was hurt.

Swicegood is charged with 11 counts of aggravated robbery, three counts of theft and one count of unauthorized use of another person's property to facilitate a crime.

The investigation is ongoing, and police say more charges could be coming soon.


  • Local NewsMore>>

  • East Texas mother's bond set at $2 million dollars in daughter's death

    East Texas mother's bond set at $2 million dollars in daughter's death

    Tuesday, July 22 2014 1:30 PM EDT2014-07-22 17:30:22 GMT
    UPDATE: An East Texas mother's bond is now set at $2 million dollars. Stacie Marie Parsons was arraigned in the Henderson Co. jail this morning. She is charged with the capital murder of her 4 year old daughter.More >>
    UPDATE: An East Texas mother's bond is now set at $2 million dollars. Stacie Marie Parsons was arraigned in the Henderson Co. jail this morning. She is charged with the capital murder of her 4 year old daughter.More >>
  • ‘Operation Coyote’ targets human smuggling networks

    ‘Operation Coyote’ targets human smuggling networks

    Tuesday, July 22 2014 4:43 PM EDT2014-07-22 20:43:13 GMT
    photo: (ICE)photo: (ICE)
    WASHINGTON (KYTX) — In a news conference Tuesday, Secretary of Homeland Security Jeh Johnson, joined by U.S. Immigration and Customs Enforcement (ICE), U.S. Customs and Border Protection Border Patrol and U.S. Deputy Attorney General announced the progress of ongoing enforcement efforts by ICE Homeland Security Investigations (HSI) and the U.S. Department of Justice to target human smuggling networks in the Rio Grande Valley.More >>
    WASHINGTON (KYTX) — In a news conference Tuesday, Secretary of Homeland Security Jeh Johnson, joined by U.S. Immigration and Customs Enforcement (ICE), U.S. Customs and Border Protection Border Patrol and U.S. Deputy Attorney General announced the progress of ongoing enforcement efforts by ICE Homeland Security Investigations (HSI) and the U.S. Department of Justice to target human smuggling networks in the Rio Grande Valley.More >>
  • Yantis man indicted after admitting to having sex with 12-year-old girl on school playground

    Yantis man indicted after admitting to having sex with 12-year-old girl on school playground

    Tuesday, July 22 2014 4:05 PM EDT2014-07-22 20:05:14 GMT
    photo: Wood Co. Jailphoto: Wood Co. Jail
    QUITMAN (KYTX) – A Wood County Grand jury has indicted a Yantis man on child sex abuse charges.More >>
    QUITMAN (KYTX) – A Wood County Grand jury has indicted a Yantis man on child sex abuse charges.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.