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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Feb 9, 2021

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The FBI is warning of a criminal known as “The Loan Ranger Bandit” who has been robbing banks, personal loan lenders, and other financial institutions across Texas, Mississippi and Arkansas.

According to the FBI’s press release, the Bandit does not disguise his face. He simply displays a note at banks and demands money. While he is armed and considered dangerous, no one has been injured during the course of his crimes so far.

FBI Public Affairs Specialist Katherine Chaumont told loans.org that the Bandit seems to be operating on his own and only in those three listed states.

“That is one thing we want: to catch him before he expands his territory,” she said. “We have electronic billboards up in five states, not only in Texas and Mississippi, but also in Louisiana.”

The Bandit is described as being a white male in his 30s with light brown hair, glasses and a facial mark or mole above his right eye on the lower half of his forehead. He is estimated to be between 5 feet 7 inches to 6 feet tall. His wearing of a blue Texas Rangers baseball cap gave rise to his alias as “The Loan Ranger Bandit.”

He has been known to wear a wide variety of clothes during his crimes, ranging from casual to business attire. The Bandit is suspected to be driving a maroon Chevrolet S-10 truck with a narrow white pinstripe around the truck bed.

The criminal has been robbing banks since 2009, when he first struck Summit Bank in Benton, Ark. Shockingly, The Bandit returned to the bank in 2011 to rob it again.

Even credit unions were not spared from the crime spree, with three in Texas falling victim to The Loan Ranger. Giant banks and other large personal loan financiers have also fallen victim, as a Citibank in Texas was robbed in 2011.

His most recent robbery was in October of 2012 in the state of Mississippi.

Anyone with information is advised to call the FBI at 1-800-CALL-FBI.