Stephen Loewe, Bank Robbery, Vermont 2024

Bank Robber on the Run: Loewe Charged with Three Counts of Bank Robbery

Bellows Falls, Vermont – Stephen Loewe, 42, of Bellows Falls, Vermont, has been charged with robbing three banks in Springfield, Vermont, including the Claremont Savings Bank, on August 13, 2024.

According to court records, Loewe committed a burglary of a Springfield, Vermont store in the early hours of August 13, 2024. Later that morning, he entered an M&T Bank branch in Springfield and demanded cash. Later that afternoon, he entered the Claremont Savings Bank in Springfield and demanded $500, stating in a note that it was a robbery.

Loewe then stole a car from a gas station in Springfield. The next morning, on August 14, 2024, he entered an M&T Bank branch in Putney, Vermont, and again demanded cash, this time, $1500.

Loewe was apprehended later that day and admitted to robbing the banks and using the money he stole to purchase cocaine base.

The United States Attorney’s Office emphasizes that the complaint contains allegations only and that the defendant is presumed innocent until and unless proven guilty.

If convicted, Loewe faces up to 20 years in prison, three years of supervised release, and a $250,000 fine.

United States Attorney Nikolas P. Kerest commended the investigative collaboration among the Federal Bureau of Investigation, Vermont State Police, Springfield Police Department, Brattleboro Police Department, Windham County Sheriff’s Department, and the U.S. Marshals Service.

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