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Braddock Man Indicted for Bank Robberies

By Submitted Report
The Tube City Almanac
October 13, 2016
Posted in: Crime and Police News

A 34-year-old Braddock man was indicted by a federal grand jury this week in connection with two bank robberies.

Wallace Banks was arrested Aug. 19 by Pittsburgh police and is being held in the Allegheny County Jail in lieu of $100,000 cash bond pending formal arraignment.

U.S. Attorney David Hickton said prosecutors allege that Banks robbed a WesBanco Bank branch on Pittsburgh's North Side on Aug. 15, and that he then robbed a Huntington Bank branch on Smithfield Street in downtown Pittsburgh the following day.

Banks was indicted on two counts of bank robbery, Hickton said. The law provides for a maximum total sentence of 20 years in prison, a fine of $250,000, or both.

Assistant U.S. Attorney Rachael L. Dizard is prosecuting this case on behalf of the government, and the Federal Bureau of Investigation and Pittsburgh Police conducted the investigation leading to the indictment in this case, Hickton said.

Originally published October 13, 2016.

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