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.
Saturday, December 7 2013 10:12 PM EST2013-12-08 03:12:35 GMT
The East Texas man competing in the national Salvation Army bell ringing contest is officially a winner. Andre Thompson and the two other remaining contestants decided to end the competition in a tie afterMore >>
The East Texas man competing in the national Salvation Army bell ringing contest is officially a winner.More >>
Saturday, December 7 2013 9:21 AM EST2013-12-07 14:21:36 GMT
From the Tyler Police Department: On December 6, 2013, at about 6:00 P.M., Tyler Police received a 911 call from 914 W. Front, Atlas Credit Union, stating that a robbery had occurred. Employees saidMore >>
Masked man robs Atlas Credit Union on West Front Street. More >>
Wednesday, December 4 2013 10:15 PM EST2013-12-05 03:15:17 GMT
Wesley McDade (Photo courtesy Smith County Sheriff's Office)
From the Smith County Sheriff's Office: SMITH COUNTY, TX --On December 2, the Smith County Sheriff's Office asked for the public's assistance with locating Wesley Brian McDade, age 36, of Smith County.More >>
Man was featured on KLTV 7 Crimefighters earlier in the week.More >>
Monday, December 2 2013 2:07 PM EST2013-12-02 19:07:53 GMT
An East Texas man is behind bars after police say he murdered his wife, then fled the scene with his 4-year-old daughter prompting an amber alert to be issued.Marshall Police Public Information OfficerMore >>
An East Texas man is behind bars after police say he murdered his wife, then fled the scene with his 4-year-old daughter prompting an amber alert to be issued.More >>