Salado Police Chief Jack Hensley says the man walked into the bank around 10:45 Monday morning and demanded money from a teller.
Hensley says no weapon was displayed, but the teller still handed over an undisclosed amount of cash to the robber.
The 'Loan Ranger' stuffed the stolen bills underneath his shirt and fled the bank on foot.
Authorities say he was wearing a dark blue long-sleeve pullover shirt and a white cap.
Tyler Police Officer Don Martin says the department has been contacted in reference to the possible connection to two bank robberies in Tyler.
The Altra Federal Credit Union on August 31, 2011, and BBVA Compass Bank in mid-May of this year are the two local banks authorities say may be connected to Monday's robbery.
The Loan Ranger is accused of robbing an Arkansas bank twice, once in 2009 and again in mid-2011; he's suspected in the January robbery of Union State Bank in Round Rock, also in the March 30 robbery of the Santa Fe Community Credit Union in Temple, and Monday's Salado robbery marks the seventh.
To view a slideshow of images captured from surveillance footage in all of the possibly connected robberies, click here.
We're working to obtain surveillance footage from Monday's robbery. Stay tuned for more information in this developing story.
Wednesday, March 5 2014 8:29 AM EST2014-03-05 13:29:40 GMT
Several Smith County fire crews have contained an early morning house fire in Overton. Authorities tell us the fire began around 5:00 Wednesday morning in the 400 block of E. South Street. Arp, OvertonMore >>
Several Smith County fire crews have contained an early morning house fire in Overton.More >>
Wednesday, March 5 2014 12:20 AM EST2014-03-05 05:20:20 GMT
Final results are in for several high-profile elections.In the primary race for State House, District 6 Republican Matt Schaefer defeated challenger Skip Ogle. In the Smith County Judge Republican primary,More >>
Final results are in for several important Smith County elections.More >>
Tuesday, March 4 2014 7:41 PM EST2014-03-05 00:41:37 GMT
A gas leak has forced the polling place at Gary Elementary to close and the building is being evacuated, according to Smith County election officials. This affects voters in Precincts 36, 70 and 80. ThoseMore >>
A gas leak has forced the polling place at Gary Elementary to close.More >>