Milwaukee police investigating armored truck robbery near 79th and Capitol, more than $100K taken

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MILWAUKEE (CBS 58) -- More than $100,000 was stolen from an armored truck Thursday morning in a brazen bank robbery on Milwaukee's north side. One suspect is in custody, but others are still on the loose.

Armed suspects pulled up to the North Shore Bank branch at 79th and Capitol at about 8:15 Thursday morning. They held up the armored truck, grabbed the cash, and took off.

Moments earlier an armored truck stopped in the back of the bank. Surveillance video taken from a next-door business then showed a black SUV driving through the alley from the east toward the back of the bank. The armed suspects jumped out and robbed the employees.

Peggy Studenec heard it happen through her bedroom wall next door. "I heard all kinds of doors opening and closing and talking, then I heard a siren come. My son came in the bedroom five minutes later and said 'look out the bedroom window. There's a whole bunch of police out there and an armored car out there. I think they got robbed.'"

Peggy's alley camera caught the SUV speeding away after the robbery while she went out to watch the employees. She said she saw "No money. I could even see part of the side of the door of the armored car. I saw it open; I saw a guy go in; I saw a guy come out."

MPD confirmed the suspects stole more than $100,000 in cash.

FBI agents soon joined local officers at the scene. Robbing an armored car could constitute a federal crime if the stolen money belonged to a federal institution.

A few hours later the black SUV was found a few blocks from the bank as the investigation shifted to a nearby apartment complex. There, detectives spoke with a man. They followed him inside and later brought him out in handcuffs.

Peggy and her son drove over there. She said, "We saw them with a Black man with glasses on a gurney with a Bell ambulance there. There were six cops all around him, six officers around him."

The SUV was towed away.

Studenec said, "I just think it takes a lot of guts to rob an armored car."

The scene was cleared Thursday afternoon and the bank reopened for business a short time later.

MPD has not said how many suspects they're still looking for, and no suspect descriptions have been shared.

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