By Steve Beck, Jan Carabeo, Diana Rocco
PHILADELPHIA (CBS) — Armed suspects stole more than $100,000 during the heist of armored truck in Northeast Philadelphia Thursday morning.READ MORE: Mask Opt-Out Bill For Students Clears Pennsylvania Senate Committee
The heist happened at about 9 a.m. in the parking lot of the TD Bank branch in the 6600 block of Frankford Avenue in the cityâs Mayfair section.
According to investigators, two masked suspects armed with semi-automatic weapons robbed the drivers of an armored truck of money bags that contained more than $100,000.
There were no reports of any injuries.
Police say the suspects fled the scene in a white Dodge Caravan, but switched vehicles. The white van, which was reported stolen in Abington, was found in the 6600 block of Tackawanna Street.
After ditching the minivan, investigators say the suspects got into a white Cadillac Escalade, with three other men inside, and sped off.READ MORE: Small Wins: Philadelphia Man Overcame Life Struggles To Become Face Of Clothing Brand
Authorities located the Escalade Thursday afternoon on Henry Avenue in Roxborough. They searched the vehicle and a third floor apartment. Sources tell CBS 3 a bag full of cash was found.
Philadelphia Police have been joined by the FBI in searching for at least four or five suspects.
Thursdayâs heist is only minutes away from a similar heist back in October 2013. In that heist, several suspects wearing âScreamâ masks made off with $300,000 from armored truck guards at the Wells Fargo branch in the 8000 block of Frankford Avenue. That incident remains unsolved.
Investigators believe the two robberies may be related. They say in each case, the same weapons were used, as well as two getaway cars.
On Friday, FBI agents reportedly raided a home in West Philadelphia believed to be a part of the investigation into Thursday’s armored car robbery.
The raid took place on the 4200 block of Pennsgrove Street. CBS 3 is told no one was in the home when agents got inside.MORE NEWS: Suspect Gilbert Newton III Testifies, Damning Texts Read During Trial In Murder Of Ex-Girlfriend Morgan McCaffrey
The investigation is ongoing.