This is the man the FBI believes robbed the BBVA Compass Bank on Thursday morning.
(Photo courtesy FBI)

The FBI, along with the Rio Rancho Police Department, are looking for a man who robbed the BBVA Compass Bank on Thursday morning.

According to a press release from the FBI, the suspect fled on a bike after robbing the BBVA branch at 1201 NM 528, at Barbara Loop and NM 528, about 9:25 a.m.

The release describes the suspect as a Hispanic man, 50-60 years old, with a black and gray mustache and beard. Officials say the suspect wore a light-colored baseball cap with a dark brim, sunglasses, a green windbreaker, blue jeans and black shoes with white soles.

The press release says the suspect entered the bank and presented a demand note to a teller, who gave him an undisclosed amount of money. The man then fled north, riding a mountain bicycle with a cargo rack above the front tire, according to the release.

The FBI is offering a reward of up to $1,000 for information leading to the arrest and conviction of the suspect.

Anyone with information about this robbery is asked to contact the FBI at  889-1300 or RRPD at 544‐6316. Tips can also be submitted online at tips.fbi.gov.

Bank robbery carries a possible prison term of up to 20 years. The use of a gun, other dangerous weapon, toy gun or hoax bomb device while committing a bank robbery can be punishable by a prison term of up to 25 years.