Officers arrested 38-year-old Dennis Woods in North Wildwood in late August.
Woods is one of as many as five men wanted for a series of blow torch burglaries at a number of ATMs around Philadelphia.
"We believe him, along with this crew are responsible and very strong persons of interest in these other nine jobs that are going on throughout Philadelphia in four different sections in the city," said Lt. John Walker, Philadelphia Police.
Police have released surveillance photos taken at Wells Fargo banks in the Eastwick and Lawncrest sections.
Authorities say the suspects' method of operation changes. In some cases Woods and his accomplices allegedly cut the power and phone lines and in others whole electrical meters were torn off of the buildings.
Police say the suspects return later to attempt to get the money.
Of the 10 incidents, they've only successfully broken into three ATMs.
A task force has been created to take down the criminal ring.
"Unfortunately they are not only creating problems for the banks in damage, in that respect, but you also have to think about the people that live in those communities. People today don't carry cash, they rely on ATMs and banking institutions," said Lt. Walker.
Wells Fargo is offering up to $10,000 in reward money for the arrest and conviction of those responsible.
Anyone with information is urged to call the Citizens Crime Commission at 215-546-TIPS (8477). All calls can remain anonymous.