Police say at 3:44 p.m., the suspect entered the Alliance Bank at 500 Township Line Road in Havertown and handed the teller a note demanding currency.
The suspect implied that he was armed with a handgun, but none was displayed. Witnesses advised the police that the white male subject was in his late 50's to his mid 60's with a salt and pepper beard.
The man was wearing a Philadelphia Eagles knit hat and gloves.
He was given an undisclosed amount of money and was last seen leaving on foot towards Brentwood Road.
Anyone with information is asked to contact the Haverford Township Police Department/ Investigations Division at 610-853-1298 ext.1230, Detective Hufnal at 610-853-1298 ext.1236 or the H.T.P.D. Anonymous Tip-Line at 610-853-9213.