UPDATE: 62-year-old man charged with two Rockford bank robberies

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Updated January 24, 2018, 3:40 p.m.

UPDATE: ROCKFORD, Ill. (WIFR) - The 62-year-old man accused of robbing two Rockford banks is charged.

Albert Stallworth faces two counts of bank robbery. Investigators say Stallworth allegedly robbed the Midwest Community Bank in the 3900 block of N. Perryville of $4,989 Aug. 25.

The indictment also alleges that Stallworth robbed the Associated Bank in the 4400 block of Center Terrace of $1,620. Jan. 9.

Stallworth faces up to 40 years in jail followed by supervised release. Each count of bank robbery also carries a fine of up to $250,000.

Stallworth is considered innocent until proven guilty. He returns to federal court Mar. 8.

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Updated January 12, 2018, 3:54 p.m.

UPDATE: ROCKFORD, Ill. (WIFR) - Federal investigators have a suspect in custody for a Rockford bank robbery that happened nearly five months ago.

Investigators say a relative of 62-year-old Albert Stallworth identified him as the man in this surveillance photo captured inside Midwest Bank during an armed robbery last August.

A criminal complaint alleges Stallworth came into the bank in the 3900 block of N. Perryville and handed a teller a note demanding money. That teller told police they gave Stallworth "bait bills" in a McDonald's bag before the suspect left the bank in a white Cadillac.

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Posted August 25, 2017, 3:39 p.m.

ROCKFORD, Ill. (WIFR) – The Midwest Community Bank at 3963 North Perryville Road has been robbed.

The robbery suspect entered the bank, demanded money from the teller, and claimed he had a gun. He got away with an undisclosed amount of money. The suspect is described as a 30 to 45-year old bald black male with a scruffy beard, dark sunglasses, a dark blue hoodie, black pants, and athletic shoes. The suspect was seen driving a white four door sedan towards East Riverside.

Anyone with any information is encouraged to contact the Rockford Police Department.