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The suspect got away an undetermined amount of cash.
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St. Matthews Police confirmed it was a bank robbery investigation that began about 9:30 a.m. Friday.
Elliot is charged with robbery, and is currently being held in the Marion County Detention Center on a $500,000 bond.
According to ISP, the armed male entered the bank, pointed a gun at employees, and then fled on foot with cash.
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A Jeffersonville man was arrested Friday after he allegedly robbed a bank in Clarksville last week.
Corey Ware will remain in custody until his trial begins.
Police found the armed robbery suspect at a home in Madison, Indiana. While searching the home with a warrant, officers found six pounds of drugs, boxes of THC vapes, and nearly $25,000 cash, leading to the arrest of another man.
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Christopher Richard Taylor was arrested Wednesday morning.
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Police in La Grange are asking for the public's help to find a bank robbery suspect.
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The Louisville Metro Police Department dubbed Salvador Jones as "Mr. Smooth" after police say he robbed at least four banks in 30 days.