At 9:10 a.m. on Wednesday, Oct. 13, Saratoga Springs Police responded to a report of a bank robbery at the Adirondack Trust Company located at 473 Broadway. According to police, bank employees reported that a male in his 50s had just robbed the bank and was leaving the area on a bicycle, and two bank employees followed the suspect and directed the police to his location about three blocks from the bank where he was apprehended by police without incident.
Police arrested Matthew Lofchie, 57, of Zephry Lane, Saratoga Springs and charged him with robbery in the third degree, a felony, according to police reports. Police alleged that Lofchie entered the bank and handed the teller a note demanding money. No weapon was displayed or threatened. Police also allege that after obtaining nearly $7,000 from the teller, Lofchie started to leave the bank then stopped, put the money back on the counter and made several incoherent statements to bank employees before leaving the bank. He was arrested shortly thereafter.
Lofchie was arraigned in City Court and is being held without bail pending a court ordered mental health evaluation.
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