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

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.

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.

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.