The number of bank robberies is at about the lowest since the 1960s. A researcher investigates why.
Movies have been made about famous bank robbers like Bonnie and Clyde, JohnDillinger and Butch Cassidy. There is even a new movie that just came out about Gilbert Galvan, Canada’s most prolific bank robber who robbed 59 banks in five years.
People are also reading… That’s what I discovered while researching a book about the shift to a cashless economy. With people using less cash, I had expected fewer bank robberies. But I was startled to see that the downward trend started well before the cashless economy started springing up in the 2000s.
In 2021, about 85% of bank crime was committed at the tellers’ counter. The vast majority of thieves either passed a note to the cashier or made a verbal demand. Very few incidents involved burglary, when a thief enters the bank during nonbusiness hours, or larceny, when money is stolen with no direct confrontation with employees.
For example, the FBI is offering US$2,000 for information leading to the arrest of the “Bling Ring Bandit,” who stole an undisclosed sum from a bank in Albuquerque, New Mexico, while wearing a large gold-colored ring on his right little finger. My favorite is the “Ninja Bank Robber,” who was covered in black from head to toe during his April 2022 robbery.
This resulted in very low figures, like 1948 having only 53 bank robberies. Higher-quality bank robbery data began around 1970, when the FBI’s Uniform Crime Reports reported just over 2,000. Another explanation could be that there are fewer banks to rob. After peaking at over 85,000 in 2009, the number of bank branches in the U.S. has declined to a little over 72,000.
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