Published: Apr 09, 2011 2:57 AM EDT
Updated: Apr 09, 2011 12:02 AM EDT

PUNTA GORDA - Punta Gorda Police Detectives arrested a 47-year-old Tampa man in connection with a March 17th bank robbery at the Suncoast Federal Schools Credit Union located at 2310 Tamiami Trail in Punta Gorda.

Detectives arrested black male Kevin F. Stone of Tampa, late this evening on the charges of Armed Robbery, Grand Theft, and Aggravated Assault with a Deadly Weapon.

At around 3:50 p.m. on March 17th, Stone entered the Credit Union waving a black handgun, ordering everyone onto the floor, and demanding money from the tellers. No one was injured during the robbery. Surveillance cameras revealed that Stone appeared to be wearing body armor while committing the robbery.

Witness information led detectives to believe the robber was driving a beige-colored Lexus. Further investigation by Punta Gorda Police Detectives revealed that Stone owns a beige- colored Lexus. Witnesses positively identified Stone's Lexus as the one used in the bank robbery. One of the witnesses also positively identified Stone from a photographic lineup.

"We are very proud of the tireless and determined efforts of Punta Gorda Police Investigators in this case," stated Police Chief Albert "Butch" Arenal. Chief Arenal also lauded the cooperation provided by the Tampa Police Department. "On behalf of the City of Punta Gorda, I would like to sincerely thank the Tampa Police Department for their cooperation and assistance in bringing this case to a rapid conclusion. Their dedication of significant assets and personnel was invaluable in apprehending the suspect without incident and without injury to officers or civilians."

Stone has been arrested six times throughout the country on prior bank robbery charges. He was released from prison in 2009 after a 10-year prison sentence.

Punta Gorda Police Detectives remain in Tampa this evening as further evidence is gathered, and as the latent investigation continues.