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Local News in Brief : Newport Beach : Suspect Is Arrested After Bank Robbery

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A robbery suspect was arrested Wednesday in an apartment complex across the street from the bank he held up, police said.

The robbery occurred about 10:50 a.m. Wednesday, when a man wearing a coat and tie walked into the Union Federal Bank at 901 Dover St. and gave a teller a note demanding money, Newport Beach police spokesman Robert Oakley said.

The teller gave the robber $450 and notified a security guard as the bandit walked out of the bank. The security guard saw the robber leave the parking lot in a white Audi 5000 with no license plates and drive toward the Oakwood Garden Apartments across the street, Oakley said.

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Newport Beach police detectives Richard Thomson and Joe Thrasher went to the parking lot at the complex and found a white Audi 5000 with a warm engine, Oakley said.

“They found that the rear license plate was on, but the screws were only finger-tight,” Oakley said.

The detectives found a man who fit the robber’s description walking away from the parking area. Bank witnesses identified him as the man who robbed the bank, Oakley said.

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Police arrested Michael James Brady, 29, of Newport Beach on suspicion of bank robbery. He was being held in Newport Beach Jail in lieu of $50,000.

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