St. Matthews Police confirmed it was a bank robbery investigation that began about 9:30 a.m. Friday.
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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.
Salvador Abdul Jones was arrested in Nashville with help from authorities in Tennessee.