Nanaimo RCMP are at the CIBC in the north end investigating after a male suspect allegedly robbed the bank and made away with an undisclosed amount of cash. CHRIS BUSH/The News Bulletin

Nanaimo RCMP are at the CIBC in the north end investigating after a male suspect allegedly robbed the bank and made away with an undisclosed amount of cash. CHRIS BUSH/The News Bulletin

UPDATE: Police say they have suspect identified after bank robbery

Police closing in on suspect of Monday’s robbery of CIBC in north Nanaimo

Police say they are closer to making an arrest in the robbery of a CIBC branch in north Nanaimo.

Nanaimo RCMP were at the CIBC in the north end investigating after a male suspect allegedly robbed the branch at 6570 Hammond Bay Rd. and made off with an undisclosed amount of cash Monday at about 3:30 p.m.

Const. Gary O’Brien, Nanaimo RCMP spokesman, said the suspect did not produce a weapon. Police were unable to establish a track and O’Brien said it appears the suspect headed north and may have left the scene in a waiting vehicle or on a bicycle.

RCMP interviewed bank employees and reviewed surveillance video as part of their initial investigation.

O’Brien said Wednesday that investigators were getting closer to making an arrest in the case and so police had not released photos of a suspect from the surveillance footage.

“We are confident he has been identified and are currently dedicating resources to locate and arrest him,” O’Brien said, in an e-mail.